Melco China Resorts

Melco China Resorts

February 19, 2009 08:00 ET

24th World Winter University Games Underway at Melco China Resorts' Sun Mountain Yabuli Resort

BEIJING, CHINA--(Marketwire - Feb. 19, 2009) -


Melco China Resorts (Holding) Limited (TSX VENTURE:MCG)(TSX VENTURE:MCG.WT) ("Melco China Resorts" or the "Company"), announced that the Alpine events for the 24th World Winter University Games, or "Universiade" officially open today at the Company's Sun Mountain Yabuli Resort in Heilongjiang Province, China. Yabuli, China's number one rated ski resort is located approximately 2.5 hours from Harbin, the capital for the province and host city for the Universiade. Yabuli will host the men's, women's and team competitions for five of the seven major ski events including alpine, cross-country, ski jump, Nordic combined, and free style skiing.

The Universiade is an international sporting and cultural festival which is staged every two years in a different city and is second in importance only to the Olympic Games in international competitions. Harbin was selected as host for the Universiade in 2005 by the Federation Internationale du Sport Universitaire (FISU), whose general assembly represents 144 national university sports federations from around the globe. Approximately 3800 Athletes and coaches from 44 different countries will participate in winter events ranging from skiing to figure skating to ice hockey (82 disciplines in total) for ten days from February 18 to 28. The Universiade is also expected to draw over 1200 members of the press and media to cover the events, as well as thousands of international fans and supporters of the games.

"We are very proud to be part of the Universiade and expect this to be a spectacular event," stated Graham Kwan, CEO of Melco China Resorts. "When Harbin was selected as the Host city for the games, Yabuli was the natural choice for the alpine events. We have worked very hard over the past two years to turn China's number one ski resort into a world class destination with all of our new on-mountain and resort center facilities, accommodations and services. We are very excited to show the country, and the world, what we have accomplished."

Events at Yabuli

Skiing competitions to be held during the Universiade and to be held at Yabuli include:

- Alpine Skiing: Men's and Women's Downhill, Super G, Giant Slalom, Slalom Combined

- Cross-Country Skiing: Men's sprint free style, 10km free style, 4 x 10km relay, 30km classic style, mass-start pursuit, Women's sprint free style, 5km free style, 3 x 5km relay, 15km Classic style, mass-start pursuit

- Ski Jumping: Men's Individual (K125), Individual (K90), and Team (K90), and Women's Individual (K90)

- Nordic Combined: Men's Individual (K90/15km), Individual Sprint (K90/7.5km), Team mass-start (3.5km/K90)

- Freestyle Skiing: Men's Individual and Team Aerials, and Skier Cross, Women's Individual and Team Aerials, and Skier Cross

About the FISU and the Universiade

The Federation Internationale du Sport (International University Sports Federation) was founded in 1949. FISU's main responsibility is the supervision of both Summer and Winter Universiades as well as the World University Championships. FISU is composed of a General Assembly which represents the members (144 National University Sports Federations). The Universiade is an international sporting and cultural festival which is staged every two years in a different city and which is second in importance only to the Olympic Games. Any association which belongs to FISU may enter a team or an individual competitor. Entries are accepted from any country which is eligible for the Olympic Games and from any national federation which is affiliated to an appropriate International Federation.

About Melco China Resorts

Melco China Resorts operates China's two largest premier destination mountain resort properties, which include the Sun Mountain Yabuli resort, host for the 2009 World University Games and the Sky Mountain Beidahu resort, host for the 2007 Asian Winter Games. Melco China Resorts is transforming these properties into world-class, four seasons luxury mountain resorts with excellent real estate investment opportunities for discerning buyers. Melco China Resorts' leadership team boasts a proven record of resort development success both internationally and in China.


Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, and actual results may vary from the forward-looking information. Implicit in this information are assumptions regarding future operations, plans, expectations, anticipations, estimates and intentions, such as the plans to develop the ski resorts in China. These assumptions, although considered reasonable by Melco China Resorts at the time of preparation, may prove to be incorrect. Readers are cautioned that actual future operating results and economic performance of Melco China Resorts are subject to a number of risks and uncertainties, including general economic, market and business conditions, uncertainty relating to land use rights, adverse industry events for the ski and real estate industries, Melco China Resorts' ability to make and integrate acquisitions, the requirements of recent Chinese regulations relating to cross-border mergers and acquisitions, the inability to obtain required approvals or approvals may be subject to conditions that are unacceptable to the parties, changing industry and government regulation, as well as Melco China Resorts' ability to implement its business strategies, and to raise sufficient capital, seasonality, weather conditions, competition, currency fluctuations and other risks, and could differ materially from what is currently expected as set out above.

Forward-looking information contained in this press release is based on current estimates, expectations and projections, which MCR believes are reasonable as of the date of this press release. Melco China Resorts uses forward-looking statements because it believes such statements provide useful information with respect to the operation and financial performance of Melco China Resorts, and cautions readers that the information may not be appropriate for other purposes. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Melco China Resorts may elect to, it does not undertake to update this information at any particular time.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information