The Icon of New Macau Earns Global Acclaim Morpheus Hotel at City of Dreams is Named One of the "World's Greatest Places 2018" by TIME Magazine

MACAU,Aug. 24,2018 -- Just two months after its grand opening,Morpheus Hotel at Macau's legendary City of Dreams resort has been hailed as one of the "World's Greatest Places 2018" by TIME magazine,as the only Macau entry on the list. This sought-after accolade is part of a new annual list culled from nominations by TIME editors and experts around the world to recognize 100 new and emerging destinations and locations that are breaking new ground,leading industry trends and offering guests an experience that is truly unique.

Morpheus Facade

To create the list,TIME solicited nominations across a variety of categories -- including museums,parks,bars,restaurants,theme parks,cruises and hotels -- from TIME editors and correspondents around the world,as well as dozens of industry experts.

TIME evaluated each one based on several key factors,including quality,originality,innovation,sustainability and influence. The result is a list as diverse as the world it reflects,with entries spanning six continents and 48 countries.

A revolutionary architectural masterpiece designed by the late Pritzker Prize-winning architect Dame Zaha Hadid DBE,Morpheus has been described as "The Icon of the New Macau" and is the first hotel brand to be wholly developed and created by Melco Resorts & Entertainment. Since opening with a star-studded gala on June 15,2018,the hotel has set a new benchmark for ultra-luxury hospitality in Macau,and features a spectacular collection of "world firsts". This includes being the world's first free-form exoskeleton high-rise architectural structure; the first spa concept in the world to feature a Snow Garden with real snow; and the world's first hotel to feature an entire floor dedicated to legendary chef Alain Ducasse,with two Ducasse restaurants and a bar.

The hotel,which offers 770 guestrooms,suites and villas,including six duplex villas and a lavish 510-square-meter pool villa,features an unparalleled range of unique attractions and world-exclusives. Gastronomic highlights include The Universe of Pierre Hermé,the first partnership between Maison Pierre Hermé Paris and a hotel property in Greater China,bringing the unique combination of tastes,sensations and pleasures created bythe "Picasso of Pastry" and 2016 World's Best Pastry Chef,Pierre Hermé,to Macau; Yí at the Sky Bridge,which offers a one-of-a-kind blend of regional Chinese cuisines served in a 'non-menu' style that is a first in Asia.

Guests at Morpheus can also enjoy an innovative 12,000 sq ft retail destination housing sought-after luxury brands like Proenza Schouler,Thom Browne and Repossi; a stunning collection of specially commissioned installations by acclaimed artists such as Charles Pétillon,Shinji Ohmaki and KAWS; the Morpheus Spa,which features a range of globally acclaimed brands and cutting-edge treatment programs,as well as the signature in-house Spa Butler concept; and the awe-inspiring Sky Pool located at a dizzying 130 meters above the ground.

"We are thrilled to receive such a prestigious accolade from TIME magazine so soon after opening," said Mr. Lawrence Ho,Chairman and CEO at Melco Resorts & Entertainment. "At Melco,we continually strive to provide our guests with one-of-a-kind experiences that raise the bar in terms of luxury and design and Morpheus is the perfect expression of that vision. With Morpheus,we have solidified our position as a pioneer and innovator in premium travel,leisure and entertainment,and we are proud to help drive Macau's reputation as the World Center of Tourism and Leisure."

World's Greatest Places is the latest addition to TIME's robust lineup of editorial franchises,which also includes the TIME 100 Most Influential People,Best Inventions,Person of the Year,Next Generation Leaders,and more.

The accolade for Morpheus from TIME magazine follows other recognition from international media. CNN placed Morpheus on its "Asia's Hot List" of 22 luxurious new hotels opening in 2018,and also named one of the hotel's signature restaurants,Voyages by Alain Ducasse,among its "14 hot new global restaurants for 2018".

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.Melco Resorts & Entertainment Limited(the "Company") may also make written or oral forward-looking statements in its periodic reports to theU.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 visitations inMacauandthe 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 theSEC. 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.

AboutMelco Resorts & Entertainment Limited

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 inAsia. The Company currently operates Altira Macau (www.altiramacau.com),a casino hotel located at Taipa,Macauand City of Dreams (www.cityofdreamsmacau.com),an integrated urban casino resort located in Cotai,Macau. Its business also includes theMocha Clubs(www.mochaclubs.com),which comprise the largest non-casino based operations of electronic gaming machines inMacau. 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. Inthe Philippines,a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph),a casino,hotel,retail and entertainment integrated resort in the Entertainment City complex inManila. For more information about the Company,please visitwww.melco-resorts.com.

The Company is strongly supported by its single largest shareholder,Melco International Development Limited,a company listed on the Main Board ofThe Stock Exchange of Hong Kong Limitedand is substantially owned and led by Mr.Lawrence Ho,who is the Chairman,Executive Director and Chief Executive Officer of the Company.

About City of Dreams

City of Dreams is an integrated entertainment resort that has established itself as a premier leisure and entertainment destination in Macau. Located in the heart of Cotai in Macau,it combines electrifying entertainment,a diverse array of accommodation,regional and international dining,designer brand shopping and a spacious and contemporary casino. The resort brings together a collection of world-renowned brands including Grand Hyatt and Dragone to create an exceptional entertainment experience that aims to appeal to a broad spectrum of visitors from around Asia and the world. City of Dreams features a 420,000-square-foot casino with approximately 475 gaming tables and approximately 670 gaming machines; over 20 restaurants and bars; an impressive array of some of the world's most sought-after retail brands; "The House of Dancing Water",the world's largest water-based extravaganza showcased in the purpose-built Dancing Water Theater,represents the live entertainment centerpiece of City of Dreams' overall leisure and entertainment offering. A comprehensive range of accommodation options at City of Dreams include Nüwa offering approximately 300 guest rooms,The Countdown offering approximately 300 guest rooms and Grand Hyatt Macau offering approximately 800 guest rooms. In addition,Morpheus,the new hotel at City of Dreams designed by the late legendary architect Dame Zaha Hadid,commenced operation on June 15,offering approximately 770 rooms,suites and villas. For more information please visit: www.cityofdreamsmacau.com(Official Website) and www.cityofdreamsmedia.com(Media Portal). For The House of Dancing Water information,please visit www.thehouseofdancingwater.com(Official Website) and www.thehouseofdancingwatermedia.com(Media Portal).

For investment community,please contact:

Richard Huang

Director,Investor Relations

Tel: +852 2598 3619

Email:richardlshuang@melco-resorts.com

For media enquiries,please contact:

Chimmy Leung

Executive Director,Corporate Communications

Tel: +852 3151 3765

Email:chimmyleung@melco-resorts.com

Morpheus Atrium

Morpheus Sky Pool

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