Discover the meticulous and glamourous World of Ferrari with some 100 rare exhibits from the legendary Italian marque�s rich history

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MACAU, CHINA�-�Media
OutReach�-�January 24, 2019 - Macau's leading leisure and entertainment
resort, City of Dreams, is teaming up with the Design Museum (London), the
world's leading museum devoted to architecture and design, and Ferrari, the
world's most iconic carmaker to present the 'Ferrari: Under the Skin' exhibition in Asia for the first time.
Following on from highly acclaimed runs at the Museo Ferrari in Maranello,
Italy and the Design Museum in London, 'Ferrari:
Under the Skin' will make City of Dreams in Macau its coveted third global
destination from January 25 to June 16, 2019.

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The Asia's first�Ferrari: Under the Skin Exhibition�features over 10 cars of significance and some 100 original artefacts from the legendary Italian marque's rich history.

Continuing City of Dreams' mission to deliver out-of-this-world
experiences for global travelers in Asia, and following hot on the heels of the
opening of the groundbreaking Morpheus hotel, the HKD2 billion-valued major exhibition
takes visitors on an immersive journey to explore the history and design of the
world's most luxurious and iconic car brand. Curated by the Design Museum in
London and the Museo Ferrari in Maranello,
'Ferrari:
Under the Skin' features over 10 cars of significance and some 100 original
artefacts from the legendary Italian marque's rich history, many of which are
from private collections and are on display in public for the first time in
Asia.

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For the duration of the exhibition, City of Dreams will transform its
contemporary art space into a unique museum that will showcase the rise of
Ferrari from its against-the-odds beginnings in an Italy ravaged by the Second
World War to the glamour and glory of the brand we know today. The exhibition
captures the passion, ambition and relentless drive for excellence that has
made Ferrari the most sought-after name among motoring enthusiasts the world
over.

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'Ferrari:
Under the Skin' is divided into six distinct zones, showcasing everything
from original hand-drawn sketches and early wooden master models to engines,
gearboxes and other parts that illustrate Ferrari's ground-breaking engineering
techniques and design. Among the highlights set to thrill visitors is an exact
replica of the first Ferrari ever made in 1947, the 2000 Formula 1
championship-winning car driven by Michael Schumacher as well as an elite
selection of vintage racing cars that hold a special place in Ferrari's
incredible story.

Mr.
David Sisk, Property President of City of Dreams Macau, said: "We are very
excited to bring this exceptional exhibition to Asia for the first time, and to
give visitors to City of Dreams the exclusive opportunity to experience some of
the most famous cars of all time. Just like Morpheus, innovation and style have
always been at the heart of Ferrari's DNA, and the collaboration between the
two ultra-luxury brands highlights our shared values and relentless drive to
keep raising the bar."

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Deyan
Sudjic, Director of the Design Museum, said: "Ferrari Under the Skin shows
�the remarkable �creative �process that goes into designing,
building and racing� some of the most beautiful and powerful cars ever
made. We are delighted that the exhibition will be enthralling a new audience
in Macao. It's particularly appropriate�that it will be shown in a venue
so closely associated with the architecture of Dame Zaha Hadid, a brilliant
designer, and a long term friend of the Design Museum.

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Tickets for 'Ferrari: Under the Skin' are available now, priced at
MOP80. Guests will be eligible for one complimentary ticket on any spending at
City of Dreams' outlets. For more information, please visit
www.cityofdreamsmacasu.com.

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About City of Dreams

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City of Dreams is an integrated entertainment resort that has
established 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, designer
brand shopping and a spacious and contemporary casino. The resort brings
together a collection of world-renowned brands including Grand Hyatt and
Dragone to create an exceptional entertainment experience that aims to appeal
to a broad spectrum of visitors from around Asia and the world. City of Dreams
features a 420,000-square-foot casino with approximately 475 gaming tables and
approximately 670 gaming machines; over 20 restaurants and bars; an impressive
array of some of the world's most sought-after retail brands;

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�"The House of Dancing Water",
the world's largest water-based extravaganza showcased in the purpose-built
Dancing Water Theater, represents the live entertainment centerpiece of City of
Dreams' overall leisure and entertainment offering. A comprehensive range of
accommodation options at City of Dreams include N�wa offering approximately 300
guest rooms, The Countdown offering approximately 300 guest rooms and Grand
Hyatt Macau offering approximately 800 guest rooms. In addition, Morpheus, the
new hotel at City of Dreams designed by the late legendary architect Dame Zaha
Hadid, commenced operation on June 15, 2018, offering approximately 770 rooms,
suites and villas. For more information please visit:�www.cityofdreamsmacau.com
(Official Website) and www.cityofdreamsmedia.com
(Media Portal). For The House of Dancing Water information, please visit www.thehouseofdancingwater.com
(Official Website) and www.thehouseofdancingwatermedia.com
(Media Portal).

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About the Design Museum

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The Design Museum is located in London and is the world's leading
design museum. It makes the impact of design visible and is the only place in
the UK where the design industry, education and the public can come together to
change the way people think about themselves and the future.

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Since it opened its doors in 1989 the museum has displayed everything
from an AK-47 to high heels designed by Christian Louboutin. It is a registered
charity that has staged over 100 exhibitions, welcomed over six million
visitors and showcased the work of some of the world's most celebrated
designers and architects including Paul Smith, Zaha Hadid, Jonathan Ive,
Miuccia Prada, Frank Gehry, Eileen Gray and Dieter Rams.

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On 24 November 2016, The Design Museum relocated to Kensington, west
London. Leading architectural designer John Pawson converted the interior of a
1960s modernist building to create a new home for the Design Museum giving it
three times more space in which to show a wider range of exhibitions and
significantly extend its learning programme.

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The Design Museum is European Museum of the Year for 2018; the Design
Museum was one of forty finalists and the sixth UK winner in the award's
41-year history.

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designmuseum.org

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About Melco Resorts & Entertainment
Limited

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The Company, with its American depositary shares listed on the NASDAQ
Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of
casino gaming and entertainment casino resort facilities in Asia. The Company
currently operates Altira Macau (www.altiramacau.com), a casino hotel located
at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated
urban casino resort located in Cotai, Macau. Its business also includes the
Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based
operations of electronic gaming machines in Macau. The Company also majority
owns and operates Studio City (www.studiocity-macau.com), a
cinematically-themed integrated entertainment, retail and gaming resort in
Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company
currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph),
a casino, hotel, retail and entertainment integrated resort in the
Entertainment City complex in Manila. For more information about the Company,
please visit www.melco-resorts.com.

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The Company is strongly supported by its single largest shareholder,
Melco International Development Limited, a company listed on the Main Board of
The Stock Exchange of Hong Kong Limited and is substantially owned and led by
Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive
Officer of the Company.

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Safe Harbor Statement

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This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. The Company may also make written or
oral forward-looking statements in its periodic reports to the U.S. Securities
and Exchange Commission (the "SEC"), 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.

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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, and a number of factors could cause actual results to differ
materially from those contained in any forward-looking statement. These factors
include, but are not limited to, (i) growth of the gaming market and visitation
in Macau and the Philippines, (ii) capital and credit market volatility, (iii)
local and global economic conditions, (iv) our anticipated growth strategies,
(v) gaming authority and other governmental approvals and regulations, and (vi)
our future business development, results of operations and financial condition.
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. Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with the SEC. All
information provided in this press release is as of the date of this press
release, and the Company undertakes no duty to update such information, except
as required under applicable law.