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2016-05-10

Melco International Development Limited: Melco and New Silkroad Enters into Strategic Cooperation Arrangement on the Provision of Consultancy Services

Tapping Melco's Expertise for New Silkroad's Casino on Jeju Island, South
Korea

HONG KONG, May 10, 2016 (GLOBE NEWSWIRE) -- Melco International Development
Limited
("Melco") (HKEx Code:200), a world leader in the leisure and entertainment
sector, and New Silkroad Culturaltainment Limited
("New Silkroad") (HKEx Code:472) today announced that Melco Gaming Assets
Management (Korea) Limited, a wholly-owned subsidiary of Melco, has entered
into a strategic cooperation arrangement with New Silkroad Korea Development
Limited, a wholly-owned subsidiary of New Silkroad on the provision of
consultancy services for its casino project on Jeju Island, South Korea.

A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/efa10824-c659-49c0-80...

Pursuant to the cooperation arrangement, Melco is to provide consultancy
services to New Silkroad with regard to building, equipping and fitting-out
of New Silkroad's new casino on Jeju Island, as well as preparation and
organization of the casino's marketing activities. The services also include
the provision of intellectual property and know-how.

Mr. SU Bo, Chairman and Executive Director of New Silkroad
, said, "The strategic partnership with Melco will enable New Silkroad to
benefit from the extensive experience and expertise of the respected
international gaming brand, through its participation in the design and
early-stage development of our mega-casino. We expect the casino to be a true
world-class player with the highest standards in operations and internal
controls, enabling us to grow and enhance our core competitiveness while we
diversify our business into overseas tourism real estate industry, thereby
broadening our income sources and creating value to our shareholders. We look
forward to a long term partnership with Melco as we grow into a larger and
more sustainable company."

Mr. Clarence Chung, Executive Director of Melco, said,
"We are delighted for Melco to participate in this exciting project in South
Korea with New Silkroad. Leveraging our strong experience and proven track
record of creating and operating world-class integrated entertainment and
leisure resorts across different geographies such as Macau, Manila and
Russia, Melco can bring professional concepts and practices to New Silkroad's
project and enhance Jeju's tourism appeal on a global stage."

New Silkroad has officially entered South Korea's gaming and entertainment
business through the acquisition of Development Golden Beach Co., Ltd.
("Golden Beach") last December. Upon completion of the latest acquisition,
New Silkroad will hold a 72% equity stake in Golden Beach, which was awarded
the Gaming Licence No. 8, one of the eight gaming licences on Jeju Island and
operates a casino there. With the string of world-class integrated resorts
opening on Jeju Island, coupled with the South Korean government's vigorous
promotion efforts, Jeju's tourism industry, along with the island's casino
market is expected to undergo rapid growth. New Silkroad is looking to expand
the casino business with the purpose to capture the growing gaming market and
booming tourism industry on Jeju Island. The move is also in line with the
strategy of its substantial shareholder Macrolink Real Estate Co., Ltd. to
expand the tourism real estate businesses.

About Melco International Development Limited
Founded in 1910 and listed on the Hong Kong Stock Exchange since 1927, Melco
International Development Limited ("Melco") (HKEx Code:200) was among the
first one hundred companies established in Hong Kong. Today, under the
leadership of its Chairman and Chief Executive Officer, Mr. Lawrence Ho,
Melco has become a world leader in the leisure and entertainment sector with
operations in China, Philippines, Cambodia, and Russia. Its promising
performance and distinctive leadership in the industry are also well
recognized worldwide. In May 2016, Melco became the single largest
shareholder of Melco Crown Entertainment, a leading developer, owner and
operator of casino gaming and entertainment casino resort facilities in Asia,
further bolstering the Group's financial position through incorporation of
the accounting subsidiary's full financial contributions. Melco has been
honoured with the "Corporate Governance Asia Annual Recognition Award" by
Corporate Governance Asia
magazine for ten consecutive years since 2006. It is also the first
entertainment company to receive the "Hong Kong Corporate Governance
Excellence Awards" by the Chamber of Hong Kong Listed Companies and the
Centre for Corporate Governance and Financial Policy of the Hong Kong Baptist
University. For more information about Melco, please visit
www.melco-group.com.

About New Silkroad Culturaltainment Limited
New Silkroad Culturaltainment Limited (formerly known as JLF Investment
Company Limited) ("New Silkroad") (HKEx Code:472) is an investment holding
company. Its subsidiaries mainly focus on the production and sale of wine and
baijiu under its own brands in China, development and operation of overseas
real estate, cultural tourism and gaming businesses. Macrolink Real Estate
Co. Ltd. ("Macrolink Real Estate") (SZSE Code:000620) through its
wholly-owned subsidiary, Macro-Link International Land Limited is the
substantial shareholder of New Silkroad. Macrolink Real Estate is a property
developer controlled by Macro-Link Holding Company Limited (on the list of
China's Top 500 Companies) and has developed over 30 large scale integrated
real estate projects since 1992. For more information, please visit the
corporate website of New Silkroad at http://www.newsilkroad472.com and
Macrolink Real Estate at http://www.xhlbdc.com.

The photo is also available at Newscom, www.newscom.com, and via AP
PhotoExpress.

Media Enquiries

------------------------------------------------------------------------
| Melco International Development Limited |
| Maggie Ma |
| Senior Vice President, Corporate Communications and Public Relations |
| Tel: (852) 3151 3767 |
| Email: maggiema@melco-group.com |
| |
------------------------------------------------------------------------
Strategic Financial Relations Limited (for Melco)

-----------------------------------------------------------
| Mandy Go Angela Ng |
|Tel: (852) 2864 4812 |
|Email: mandy.go@sprg.com.hk Tel: (852) 2864 4855 |
| Email: angela.ng@sprg.com.hk |
| |
-----------------------------------------------------------
Hill+Knowlton Strategies (for New Silkroad)

---------------------------------------------------------------------
| Benny Liu Ka Wai Li |
|Tel: (852) 2894 6315 / 9387 6545 |
|Email: benny.liu@hkstrategies.com Tel: (852) 2894 6252 / 9011 0296 |
| Email: kawai.li@hkstrategies.com |
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Melco International Development Limited via Globenewswire

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