To bring the net and people “2Gather” in China

HONG KONG, May 4, 2011 /PRNewswire-Asia/ — The CASH Group (HKEx: 1049), a focused developer of Mobile Internet services in China, through its Moli Group Limited, today announced that its Board of Directors proposes to change the Company name to “Net2Gather (China) Holdings Limited”. This signifies its vision of bringing the three networks, namely Mobile, Internet and Television, and related cross value chain services and the people of China “2Gather”.

The new name also reflects the CASH Group’s strategic direction to allocate further resources to expand its Shanghai-based online games business with 200 research and development (R&D) professionals, to Mobile Internet services in China. In this connection, the CASH Group has already acquired a profitable mobile and SNS platform (Meyouto) with some 20 million subscribers to formalize its own 40 million online network fraternity.

Mr. Bankee Pak-hoo Kwan, Chairman and CEO of the CASH Group, said, “We have accumulated the wealth of on每the-ground experience, built an award-winning team and our relationship network, and gained an understanding of Chinese customers preferences. With our imminent tie-up with Oberon Media and our profitable mobile platform with SNS (Meyouto) community, we are ready to make a real push to capture the lucrative Mobile Internet market＃” Mr. Kwan continued, “As our “2Gather” name signifies, we aim to build a cross value chain of Mobile Internet services to see a coming together of the net and people in China in an online fraternity.”

The Moli Group was recently ranked fourth out of twenty-two best online game companies in an assessment by Shanghai Municipal Culture, Radio Broadcasting, Film and Television Administration, based on measures related to management and control in operation qualities. This provides impetus for Moli Group to compete in the estimated annual US$5 billion online games market in China. Also, Moli Group aims to capture other cross value chain Mobile Internet services to serve China’s over 800 million mobile subscribers, which is three times the size of the United States.

In addition, Moli Group is now finalising the tie-up with Oberon Media. This will result in Moli Group becoming a joint venture between itself and Goldman Sachs, Morgan Stanley and Oak Investment Partners invested Oberon Media. Moli Group will have the exclusive content distribution rights of over 1,200 casual games in China. Moli Group will localise the content for distribution to meet market needs. It is also important for upstream content in bringing “2Gather” Moli Group’s Mobile Internet services.

About CASH Group

The CASH Group (Celestial Asia Securities Holdings Limited) is a services developer. It currently focuses on developing Internet and mobile related services in China. Accordingly, the CASH Group also focuses on expanding its Moli Group based out of Shanghai for online games as well as other Internet and mobile activities, as the opportunities arise. The Moli Group has approximately 300 dedicated employees and a number of award-winning online games with a database of some 40 million subscribers. For more details, please visit www.cash.com.hk.

About Moli

Moli Group, based out of Shanghai, has 300 dedicated employees, including 200 research and development (R&D) professionals. In relation to (1) its online game platform with a database of 40 million subscribers over existing online games, the team has developed two next-generation and much-anticipated online games, “Tales of Ocean Fantasy” and “Superhero”, which will be launched during the second half of this year. “Superhero” was named the “Best Self-Developed Online Game” in China’s prestigious Golden Plume Awards in 2010. iPhone versions of these games are also being developed. In relation to its (2) mobile platform, Moli Group is finalising the tie-up with Oberon Media, which is invested by Goldman Sachs, Morgan Stanley and Oak Investment Partners, for over 1,200 casual games for selection and adaptation by the Moli Group in China, and targeted marketing including to the Moli Group’s 40 million online subscribers and the mobile and “meyouto” SNS platform with 20 million subscribers. These are parts of the Moli Group’s aim to (3) build a cross value chain of Mobile Internet activities across the Mobile, Internet and Broadcast television platforms which are being converged under China’s policy.

Please note: The above information contains forward-looking statements that involve risks and uncertainties and are based on information of the parties in good faith believes to be reliable as of the date thereof. The actual results may differ. Please exercise care and caution and read the information with the public announcements and circulars which the information is subject to. All figures are approximation.

SOURCE﹛The CASH Group

New York, April 26, 2011 – Melco Crown Entertainment Limited (the “Company”) (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that it intends to conduct an international offering of RMB-denominated bonds in an aggregate amount of the equivalent of approximately US$350 million and use the net proceeds from the proposed offering to fund potential future growth and expansion opportunities, which may include acquisitions, to repay existing debt, to partially pre-fund certain scheduled interest payments on the bonds, for working capital requirements and/or for general corporate purposes.

The bonds will be direct, general, unconditional, unsubordinated and unsecured obligations of the Company which will at all times rank pari passu without any preference or priority among themselves and at least pari passu with all of the Company’s other present and future unsecured and unsubordinated obligations, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.

The interest rate and other terms of the bonds will be determined at the time of pricing of the offering.

The bonds are being offered outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The bonds have not been and will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: growth of the gaming market and visitation in Macau; increased competition and other planned casino hotel and resort projects in Macau and elsewhere in Asia; the completion of infrastructure projects in Macau; government regulation of the casino industry; our ability to raise additional financing; the formal grant of occupancy permits for areas of City of Dreams undergoing construction and/or development; our anticipated growth strategies; and our future business development, results of operations and financial condition. Further information regarding these and other risks is included in the Company’s Annual Report on Form 20-F filed on April 1, 2011 and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of this release, and the Company undertakes no duty to update such information, except as required under applicable law.

About Melco Crown Entertainment Limited
Melco Crown Entertainment Limited is a developer, owner and through a Macau subsidiary which holds a gaming sub-concession, an operator of casino gaming and entertainment casino resort facilities. The Company currently operates Altira Macau (www.altiramacau.com) (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. The Company’s business also includes the Mocha Clubs (www.mochaclubs.com), which feature a total of approximately 1,600 gaming machines in eight locations and comprise the largest non-casino based operations of electronic gaming machines in Macau. For more information about the Company, please visit www.melco-crown.com.
The Company has strong support from both of its major shareholders, Melco International Development Limited (“Melco”) and Crown Limited (“Crown”). Melco is a listed company on the Hong Kong Stock Exchange and is substantially owned and led by Mr. Lawrence Ho, who is Co-Chairman, a Director and the CEO of the Company. Crown is a top-50 company listed on the Australian Stock Exchange and led by Executive Chairman Mr. James Packer, who is also Co-Chairman and a Director of the Company.

Investment Community, please contact:
Geoffrey Davis, CFA
Chief Financial Officer
Tel: +1 212 671 1936 or +853 8868 7887
Email: geoffreydavis@melco-crown.com

For media enquiry, please contact:
Maggie Ma
Head of Corporate Communications
Tel: +852 3151 3767
Email: maggiema@melco-crown.com

New York, April 26, 2011 – Melco Crown Entertainment Limited (the “Company”) (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that it intends to conduct an international offering of RMB-denominated bonds in an aggregate amount of the equivalent of approximately US$350 million and use the net proceeds from the proposed offering to fund potential future growth and expansion opportunities, which may include acquisitions, to repay existing debt, to partially pre-fund certain scheduled interest payments on the bonds, for working capital requirements and/or for general corporate purposes.

The bonds will be direct, general, unconditional, unsubordinated and unsecured obligations of the Company which will at all times rank pari passu without any preference or priority among themselves and at least pari passu with all of the Company’s other present and future unsecured and unsubordinated obligations, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.

The interest rate and other terms of the bonds will be determined at the time of pricing of the offering.

The bonds are being offered outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The bonds have not been and will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: growth of the gaming market and visitation in Macau; increased competition and other planned casino hotel and resort projects in Macau and elsewhere in Asia; the completion of infrastructure projects in Macau; government regulation of the casino industry; our ability to raise additional financing; the formal grant of occupancy permits for areas of City of Dreams undergoing construction and/or development; our anticipated growth strategies; and our future business development, results of operations and financial condition. Further information regarding these and other risks is included in the Company’s Annual Report on Form 20-F filed on April 1, 2011 and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of this release, and the Company undertakes no duty to update such information, except as required under applicable law.

About Melco Crown Entertainment Limited
Melco Crown Entertainment Limited is a developer, owner and through a Macau subsidiary which holds a gaming sub-concession, an operator of casino gaming and entertainment casino resort facilities. The Company currently operates Altira Macau (www.altiramacau.com) (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. The Company’s business also includes the Mocha Clubs (www.mochaclubs.com), which feature a total of approximately 1,600 gaming machines in eight locations and comprise the largest non-casino based operations of electronic gaming machines in Macau. For more information about the Company, please visit www.melco-crown.com.
The Company has strong support from both of its major shareholders, Melco International Development Limited (“Melco”) and Crown Limited (“Crown”). Melco is a listed company on the Hong Kong Stock Exchange and is substantially owned and led by Mr. Lawrence Ho, who is Co-Chairman, a Director and the CEO of the Company. Crown is a top-50 company listed on the Australian Stock Exchange and led by Executive Chairman Mr. James Packer, who is also Co-Chairman and a Director of the Company.

Investment Community, please contact:
Geoffrey Davis, CFA
Chief Financial Officer
Tel: +1 212 671 1936 or +853 8868 7887
Email: geoffreydavis@melco-crown.com
For media enquiry, please contact:
Maggie Ma
Head of Corporate Communications
Tel: +852 3151 3767
Email: maggiema@melco-crown.com