Melco Crown Entertainment announced initial operating statistics for City of Dreams, its new urban integrated entertainment resort that opened on June 1.

Visitation trends continue to provide a solid foundation for City of Dreams. Visitation at City of Dreams has remained consistently strong since opening on June 1, 2009. For the month of June, City of Dreams attracted approximately 1.2 million visitors or approximately 41,000 visitors per day on average.

Rolling chip performance at City of Dreams demonstrated significant week to week sequential improvement during the initial month of operations, in accordance with our plans to scale this segment of business after the first few weeks of operation. Total rolling chip volume in June was approximately US$1.94 billion, with rolling chip volume in the last week of the month totaling approximately US$0.73 billion. The average number of rolling chip gaming tables in operation at City of Dreams in June was approximately 127.

City of Dreams generated approximately US$100 million of mass market table games drop in June. Mass market table games drop in the last week of the month was approximately 12% higher than that generated in the first week of operations. On average, 376 mass market gaming tables were in operation at City of Dreams in June.

Gaming machine handle (volume) was approximately US$81 million in June. There were approximately 1,320 gaming machines in operation at City of Dreams, on average, during this period.

City of Dreams' mass market table games hold percentage was within the targeted range of 16%-18% in June, but the rolling chip hold percentage was approximately 0.8%, well below our target of 2.85%.

Total rolling chip volume in June at Altira Macau was US$2.76 billion. The rolling chip hold percentage at Altira in June was significantly below normal at approximately 2.0%.

Normalizing our gaming revenue to reflect the target rolling chip hold percentage at both properties, we estimate that our company-wide market share of gross gaming revenues for June would have been approximately 15%.