FOR IMMEDIATE RELEASE
Melco Crown Entertainment Announces Second Quarter 2010 Earnings
New York, July 28, 2010 — Melco Crown Entertainment Limited (NASDAQ: MPEL), a developer
and owner of casino gaming and entertainment resort facilities focused on the Macau market, today
reported its unaudited financial results for the second quarter ended June 30, 2010.
For the second quarter of 2010, net revenue was US$573.6 million, representing an increase of
approximately 166% from US$215.8 million for the comparable period ended June 30, 2009.
Adjusted EBITDA ‹1› was US$73.4 million for the second quarter of 2010, as compared with an
Adjusted EBITDA loss of US$23.8 million in the second quarter of 2009. The year-over-year
improvements in net revenue and Adjusted EBITDA resulted primarily from the opening of City of
Dreams in June 2009, providing only a limited contribution to the prior year comparable.
The combined rolling chip table games hold percentage (calculated before discounts and
commissions) across City of Dreams and Altira Macau in the second quarter of 2010 was 2.7%. On
a theoretical adjusted basis, using the mid-point in our expected rolling chip hold percentage range
of 2.7% to 3.0%, sequential quarterly Adjusted EBITDA improved by 11% from US$80 million in the
first quarter of this year, to US$89 million in the second quarter of this year. The combined mass
market (or non rolling chip) table games hold percentage in the second quarter of 2010 improved
further to 21.5%.
On a U.S. GAAP basis, Melco Crown Entertainment recorded a net loss for the second quarter of
2010 of US$30.1 million, or a loss of US$0.06 per ADS, compared with a net loss of
US$144.0 million, or a loss of US$0.30 per ADS, in the second quarter of 2009. The reduction in the
net loss resulted from a significant year-over-year improvement in the operating performance of
Altira Macau and from having a full quarter of earnings contribution from City of Dreams, partially
offset by increased depreciation and amor