Morpheus Hotel atCity of Dreams is Named One of the "World'sGreatest Places 2018" by TIME Magazine

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

Morpheus Atrium

Morpheus Facade

Morpheus Sky Pool

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

TIME evaluated each one based onseveral key factors, including quality, originality, innovation, sustainabilityand influence. The result is a list as diverse as the world it reflects, withentries spanning six continents and 48 countries.

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

The hotel, which offers 770guestrooms, suites and villas, including six duplex villas and a lavish510-square-meter pool villa, features an unparalleled range of uniqueattractions and world-exclusives. Gastronomic highlights include The Universeof Pierre Hermé, the first partnership between Maison Pierre Hermé Paris and a hotelproperty in Greater China, bringing the unique combination of tastes,sensations and pleasures created bythe "Picasso of Pastry" and 2016 World'sBest Pastry Chef, Pierre Hermé, to Macau; Yí at the Sky Bridge, which offers aone-of-a-kind blend of regional Chinese cuisines served in a 'non-menu' stylethat is a first in Asia.

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

"We are thrilled to receive sucha 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 ourguests with one-of-a-kind experiences that raise the bar in terms of luxury anddesign and Morpheus is the perfect expression of that vision. With Morpheus, wehave solidified our position as a pioneer and innovator in premium travel,leisure and entertainment, and we are proud to help drive Macau's reputation asthe World Center of Tourism and Leisure."

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

The accolade for Morpheus fromTIME magazine follows other recognition from international media. CNN placedMorpheus 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 AlainDucasse, among its "14 hot new global restaurants for 2018".

Safe Harbor Statement

This press releasecontains forward-looking statements. These statements are made under the "safeharbor" provisions of the U.S. Private Securities Litigation Reform Act of1995. Melco Resorts & Entertainment Limited (the "Company") mayalso make written or oral forward-looking statements in its periodic reports tothe U.S. Securities and Exchange Commission (the "SEC"), in itsannual report to shareholders, in press releases and other written materialsand in oral statements made by its officers, directors or employees to thirdparties. Statements that are not historical facts, including statements aboutthe Company's beliefs and expectations, are forward-looking statements.Forward-looking statements involve inherent risks and uncertainties, and anumber of factors could cause actual results to differ materially from thosecontained in any forward-looking statement. These factors include, but are notlimited to, (i) growth of the gaming market and visitationsin Macau and the Philippines, (ii) capital and credit marketvolatility, (iii) local and global economic conditions, (iv) our anticipatedgrowth strategies, (v) gaming authority and other governmental approvals andregulations, and (vi) our future business development, results of operationsand financial condition. In some cases, forward-looking statements can beidentified 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. Furtherinformation regarding these and other risks, uncertainties or factors isincluded in the Company's filings with the SEC. All information providedin this press release is as of the date of this press release, and the Companyundertakes no duty to update such information, except as required underapplicable law.

About Melco Resorts & EntertainmentLimited

The Company, with its Americandepositary shares listed on the NASDAQ Global Select Market (NASDAQ:MLCO), is adeveloper, owner and operator of casino gaming and entertainment casino resortfacilities in Asia. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located atTaipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urbancasino resort located in Cotai, Macau. Its business also includesthe Mocha Clubs (www.mochaclubs.com), which comprise the largestnon-casino based operations of electronic gaming machines in Macau. TheCompany also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themedintegrated entertainment, retail and gaming resort in Cotai, Macau.In the Philippines, a Philippine subsidiary of the Company currentlyoperates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retailand entertainment integrated resort in the Entertainment City complexin Manila. For more information about the Company, please visit www.melco-resorts.com.

The Company is stronglysupported by its single largest shareholder, Melco InternationalDevelopment Limited, a company listed on the Main Board of The StockExchange of Hong Kong Limited and is substantially owned and led byMr. Lawrence Ho, who is the Chairman, Executive Director and ChiefExecutive Officer of the Company. 

About City of Dreams

City of Dreams is an integrated entertainment resort that hasestablished 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, designerbrand shopping and a spacious and contemporary casino. The resort bringstogether a collection of world-renowned brands including Grand Hyatt andDragone to create an exceptional entertainment experience that aims to appealto a broad spectrum of visitors from around Asia and the world. City of Dreamsfeatures a 420,000-square-foot casino with approximately 475 gaming tables andapproximately 670 gaming machines; over 20 restaurants and bars; an impressivearray of some of the world's most sought-after retail brands; "The House ofDancing Water", the world's largest water-based extravaganza showcased in thepurpose-built Dancing Water Theater, represents the live entertainmentcenterpiece of City of Dreams' overall leisure and entertainment offering. Acomprehensive range of accommodation options at City of Dreams include Nüwaoffering approximately 300 guest rooms, The Countdown offering approximately300 guest rooms and Grand Hyatt Macau offering approximately 800 guest rooms.In addition, Morpheus, the new hotel at City of Dreams designed by the latelegendary architect Dame Zaha Hadid, commenced operation on June 15, 2018,offering approximately 770 rooms, suites and villas. For more informationplease visit: www.cityofdreamsmacau.com (Official Website) andwww.cityofdreamsmedia.com (Media Portal). For The House of Dancing Waterinformation, please visit www.thehouseofdancingwater.com (Official Website) andwww.thehouseofdancingwatermedia.com (Media Portal).