BACKGROUND

MELCO : YOUR WINNING HAND

Melco Resorts & Entertainment Limited (“Melco”) is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia.

On December 19, 2006, our Company listed on NASDAQ under the ticker symbol “MPEL”, successfully raising in excess of US$1.14 billion in the process. According to Renaissance Capital and IPOhome.com, this ranked as the fourth largest IPO in the US in 2006. On December 7, 2011, our Company began its dual-listing on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 6883. The listing of the shares on The Stock Exchange of Hong Kong Limited was voluntarily withdrawn on July 3, 2015. In May 2016, Melco International Development Limited (“Melco International”) became the single largest shareholder of our Company. On April 6, 2017, our ticker symbol on NASDAQ has been changed to “MLCO” as the Company started a journey of transformation.

Through the implementation of innovative products and services and by working hand-in-hand with globally renowned brands, our Company intends to offer the best entertainment experience that aims to appeal to a broad spectrum of customers and thereby become the leader of gaming industry in the region. In this endeavor, we have a number of projects currently underway or planned.

IN MACAU

Our Company operates our superbly designed and managed facilities through our subsidiary Melco Resorts (Macau) Limited, one of the only six companies granted concessions or subconcessions to operate casinos in Macau.

Altira Macau is a luxurious and contemporary hotel and casino delivering a world-class experience. It offers one of the most exclusive and elegant accommodations in Macau, providing the ultimate experience in fine dining and attracting discerning guests.

City of Dreams is a must-see integrated urban entertainment resort that combines electrifying entertainment, stylish nightclubs, top-notch dining, designer brand shopping, a spacious and contemporary casino, the spectacular The House of Dancing Water, as well as an amazing array of accommodation options that currently offers approximately 2,170 guest rooms. With the opening of Morpheus in June 2018, City of Dreams’ premium portfolio now includes the sleek, modern Morpheus; the chic, classic Chinese Nüwa; the world-renowned Grand Hyatt Macau; and The Countdown which is currently undergoing renovation. They all offer guests premium and luxury experiences but each has its own distinctive style and design while maintaining the same focus on quality and attention to detail.

Besides the kaleidoscope of never-seen-before attractions, City of Dreams strives to offer the very best in urban-inspired leisure and entertainment, including SOHO, an ultra-chic dining and entertainment district; the Para nightclub offering approximately 30,000 square feet of live entertainment covering a two-story space; and Kids’ City, the greatest adventure for the new generation.

The Hollywood-themed resort Studio City is a thrilling new cinematic-inspired entertainment and leisure destination. It has established itself as the most diversified entertainment offering in Macau, with more world-class entertainment amenities than any integrated resort in the market, representing the pinnacle of entertainment-driven leisure experiences in Asia.

Studio City's stunning Art-Deco facade features an iconic figure-8 Ferris wheel "Golden Reel" gondola ride which straddles the two towers of the resort at a height of some 130 meters. The integrated resort's other innovative entertainment offerings include Studio City Water Park, an outdoor aquatic wonderland for water activities with thrills and spills for guests of all ages; Studio City Event Center, a 5,000-seat multi-purpose entertainment center designed to host live concerts, theatrical and sporting events; as well as approximately 1,600 luxury hotel rooms, various food and beverage outlets and approximately 27,000 square meters of themed and complementary retail space.

To provide instant electronic gaming fun, our Company offers Mocha Clubs, which comprise the largest non-casino based operation of electronic gaming machines in Macau, offering machine-based gaming entertainment in a cafe-style setting.

BEYOND MACAU

City of Dreams Manila opened its doors to the public in December 2014 and marked the formal entry of Melco into the fast-growing and dynamic tourism industry in the Philippines. The luxury integrated casino resort at the gateway of Entertainment City’s Manila Bay area in the city of Paranaque and part of the Aseana City township development, is operated and managed by Melco's Philippine subsidiary, Melco Resorts Leisure (PHP) Corporation.

Six imposing hotel towers comprise the resort’s strategic mix of international hotel brands: Nobu Hotel Manila with a celebrity-inspired lifestyle for trendsetting leisure and business travelers, Nüwa Manila, renowned for providing a luxurious hotel experience, and Hyatt Regency Manila, with its unparalleled services and facilities for MICE and premium business guests. The integrated resort also features distinctive entertainment venues: DreamPlay, the world’s first DreamWorks-inspired Family Entertainment Center; and CenterPlay, a lounge at the center of the main gaming floor which features live band performances nightly.

Together with some 20 specialty restaurants and bars, gaming facilities and a multi-level car park, City of Dreams Manila meaningfully enhances Manila’s tourism diversity and elevates the hospitality service excellence in the city.

City of Dreams Mediterranean, Cyprus’ first integrated resort, is expected to be the largest and premier integrated destination resort in Europe. It will feature a fourteen-storey, luxury hotel with more than 500 guest rooms and suites, approximately 10,000 square meters of MICE space, an outdoor amphitheatre, a family adventure park, and a variety of fine-dining outlets and luxury retail. Its interior design will be based on Melco’s international luxury standards, specifically customized for the Cyprus IR, while the exterior design will feature distinct Mediterranean influences. A world class development, a landmark for Cyprus but also for the wider region, the integrated resort is expected to enrich Cyprus’ tourism product, attracting thousands of new tourists annually and significantly contribute to countering seasonality, a major challenge for the Cypriot tourism industry, therefore establishing the island as a year-round all-season destination.

The Company is currently operating a temporary casino in Limassol, the first authorized casino in the Republic of Cyprus, and four satellite casinos (“Cyprus Casinos”) in Nicosia, Larnaca, Ayia Napa and Paphos. Upon the opening of City of Dreams Mediterranean, the Company will also continue to operate the satellite casinos while operation of the temporary casino will cease.