Melco Crown Entertainment Limited announced that Board has considered and approved the declaration and payment of a special dividend of approximately $650 million (representing $0.4404 per share and $1.3212 per ADS), highlighting company's strong cash position and cash flow generating ability which has enabled to return surplus capital to shareholders while still investing in business. The special dividend will be paid on or about February 10, 2017 to shareholders whose names appear on the register of members of the company at the close of business on January 23, 2017, being the record date for determination of entitlements to the special dividend.