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Melco Crown Entertainment: Studio City Issues Press Release On Gaming Table Allocation

The following excerpt is from the company's SEC filing.

Studio City issues press release on gaming table allocation

Exhibit 99.1

FOR IMMEDIATE RELEASE

STUDIO CITY ISSUES PRESS RELEASE ON GAMING TABLE ALLOCATION

Studio City International Holdings Limited, a company in which Melco Crown Entertainment Limited (NASDAQ: MPEL) owns a 60% interest, issued the following press release today:

Studio City International Holdings Limited announced today that the Macau government has authorized Studio Citys gaming operator, Melco Crown (Macau) Limited, to operate 250 new gaming tables and 1,233 new ga ming machines at the Studio City gaming areas, of which 200 gaming tables and 1,233 gaming machines may be in operation upon the opening of Studio City with the remaining 50 gaming tables authorized to be in operation beginning in January 2016. Studio Citys gaming operator is a Macau gaming subconcessionaire and a member of Melco Crown Entertainment.

Following the table allocation confirmation, Studio City intends to proactively engage the lenders under its senior credit facilities to discuss proposed amendments to the terms of its loan documentation to reflect the number of tables allocated.

Studio City, a Hollywood-inspired integrated resort located in Macau, will offer visitors a truly diverse mix of World-class entertainment and other non-gaming attractions which support Macaus evolution in to the leading leisure and tourism destination in Asia. It will also offer unprecedented non-gaming careers for local Macau employees. The resort will officially open on October 27, 2015, as previously announced.

We thank the Macau Government for its consideration of our application and approval of gaming tables and machines for Studio City. We are confident that Studio Citys offering of cinematically-themed entertainment, retail, food & beverage and accommodation options will contribute meaningfully to the economic and...


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