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Keep up with the Construction Progress of City of Dreams Mediterranean the Public Can Now View the Development of Europe’S Largest Integrated Casino Resort Online

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Keep up with the Construction Progress of City of Dreams Mediterranean the Public Can Now View the Development of Europe’S Largest Integrated Casino Resort Online Announcement [For Immediate Publication] 3 March 2020 Keep Up with The Construction Progress of City of Dreams Mediterranean The public can now view the development of Europe’s largest Integrated Casino Resort online The public now has the opportunity to view and track the rapid progress of the City of Dreams Mediterranean Integrated Casino Resort (ICR) through its website (www.cityofdreamsmed.com.cy/progress.html). Photos from the construction site will be posted regularly as well as other updates for this transformative destination resort including career opportunities. The Cyprus ICR is due to open in late 2021 and the construction is progressing according to schedule as the important piling works have been completed, as have the hotel’s groundworks and substructure. City of Dreams Mediterranean will be located in Zakaki, Limassol. It will feature a sixteen-story Five-Star hotel with 500 guest rooms and suites as well as MICE (Meetings, Incentives, Conventions, and Exhibitions) facilities covering 9,600 sq. meters. The gaming area covers a total 7,500 sq. meters and will include over 100 tables and 1,000 state-of-the-art gaming machines. Its interior design is based on Melco’s international luxury standards, personalised specifically for the Cyprus ICR, while the exterior design features distinct Mediterranean influences. The pioneering project is expected to attract an additional 300,000 tourists per year to Cyprus. City of Dreams Mediterranean will create an estimated 4,000 local job opportunities during the construction phase and approximately 2,400 permanent jobs once it is fully operational. After the second year of operation, the ICR is expected to contribute approximately €700 million per year to the Cypriot economy, amounting to around 4% of the country’s annual GDP. ### 1 About Melco Resorts & Entertainment The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non- casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is scheduled to open in 2021 and expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first casino in the Republic of Cyprus, and four satellite casinos (the “Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will also continue to operate the four satellite casinos while operation of the temporary casino will cease. The Company also holds equity interests in Crown Resorts Limited (“Crown”), a company listed on the Australian Securities Exchange and which operates two of Australia’s leading integrated resorts, Crown Melbourne Entertainment Complex and Crown Perth Entertainment Complex. In the United Kingdom, Crown operates Crown Aspinalls, a high-end licensed casino in London. Crown’s development projects include the Crown Sydney Hotel Resort at Barangaroo on Sydney Harbour. Crown also holds equity interests in the Aspers Group and Nobu and has interests in various digital businesses. For more information about the Company, please visit www.melco-resorts.com. The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company. About The Cyprus Phassouri (Zakaki) Limited The Cyprus Phassouri (Zakaki) Limited is a member of the CNS Group which, amongst others, conducts different businesses including real estate, telecommunications, dairy, large scale farming and export and mining in Cyprus. For more information about the CNS Group, please visit www.cns.com.cy. Media inquiries: Chimmy Leung Antonis Adamou Executive Director, Corporate Communications Communication Consultant Melco Group GNORA Communication Consultants Email: [email protected] Email: [email protected] 2 .
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