City of Dreams Drops Hard Rock Hotel to Unveil “The Countdown”

HONG KONG —¬†Melco Resorts & Entertainment Limited (NASDAQ: MPEL – to be changed to MLCO) (“Melco Resorts & Entertainment” or the “Company” or “we”), a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, announced today that its flagship resort, City of Dreams, will rebrand the existing Hard Rock Hotel.

The Hotel will be operated under the name “The Countdown” from July 2017 until March 31, 2018.

The Countdown Hotel will celebrate the great achievements of City of Dreams, inviting guests to discover the resort’s world-class offerings, from The House of Dancing Water – the world’s largest water-based extravaganza – to its Michelin-starred restaurants and exciting shopping experience featuring the largest shoe salon in Hong Kong and Macau.

The Hotel will feature a countdown clock timed to the unveiling of a new phase of development of City of Dreams, set to become the most stylish and exclusive resort in Macau. April 2018 will mark the opening of Macau’s new landmark: Morpheus, a new iconic luxury hotel designed by the late Dame Zaha Hadid, which will also bring a feast of amazing restaurants, new retail space, as well as a new gaming area. Alongside the opening of Morpheus, The Countdown Hotel will commence its ultimate rebranding journey.

Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco Resorts & Entertainment said, “We are now counting down to the best ever City of Dreams: a resort that will take our guests where no one has taken them before, redefining what a modern integrated resort has to offer.”

Melco Resorts & Entertainment – Innovating excitement for a new age.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the gaming market and visitation in Macau and the Philippines, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) gaming authority and other governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.