Lawrence Ho, Co-Chairman and CEO, and James Packer, Co-Chairman of Melco PBL Entertainment (Macau) Limited, preside over the Market Open

Tuesday, December 19, 2006
at NASDAQ's MarketSite
in New York City.

Melco PBL Entertainment Limited
[MPEL]

Lawrence Ho, Co-Chairman and CEO, and James Packer, Co-Chairman of Melco PBL Entertainment Limited (Macau) Limited preside over the opening bell to celebrate the Company's initial public offering on NASDAQ.
Melco PBL Entertainment Limited (Macau) Limited will trade under symbol MPEL.

Melco PBL Entertainment Limited is a developer, owner and operator of casino gaming and entertainment casino resort facilities focused exclusively on the rapidly expanding Macau market. A subsidiary of Melco PBL Entertainment Limited is the holder of one of only six gaming concessions and subconcessions to own and operate casinos in Macau. Melco PBL Entertainment Limited's development projects include the Crown Macau, which is targeted to open in the second quarter of 2007, and the City of Dreams, the first phase of which is targeted to open in late 2008. Its existing projects include the Mocha Clubs, which feature a total of approximately 1,000 gaming machines in six locations and comprise the largest non-casino based operations of electronic gaming machines in Macau. Melco PBL Entertainment Limited has also entered into an agreement, subject to certain conditions, to acquire a third development site on the Macau peninsula. For more information about Melco PBL Entertainment Limited, please visit http://www.melco-pbl.com.

Melco PBL Entertainment Limited has strong support from both of its founding shareholders, Melco International Development Limited ("Melco") and Publishing & Broadcasting Limited ("PBL"). Melco is a listed company on the HK Stock Exchange and is substantially owned by Mr. Lawrence Ho, who is also a Co-Chairman and CEO of Melco PBL Entertainment Limited. PBL is a top-20 company listed on the Australian Stock Exchange and led by Executive Chairman James Packer, who is also a Co-Chairman of Melco PBL Entertainment Limited.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 12/19/2006 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: Lawrence Ho, Co-Chairman and CEO, and James Packer, Co-Chairman of Melco PBL Entertainment (Macau) Limited, Ring The NASDAQ Stock Market Open Bell. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.