1

Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting

Tuesday 28Tuesday 28thth October 2008October 2008

2

10 year normalised revenue and EBITDA performance

0

50

100

150

200

250

300

350

400

450

500

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Norm

alis

ed E

BITD

A $M

0

200

400

600

800

1,000

1,200

1,400

1,600

Norm

alis

ed R

even

ue $

M

Normalised EBITDANormalised Revenue

Crown Melbourne

Change in OwnershipSmoking Bans Introduced

3

Crown Melbourne: Third Hotel

4

10 year normalised revenue and EBITDA performance

Burswood

0

25

50

75

100

125

150

175

200

225

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Nor

mal

ised

EB

ITDA

$M

0

100

200

300

400

500

600

700

800

Nor

mal

ised

Rev

enue

$M

Normalised EBITDANormalised Revenue

Change in Ownership

5

Burswood Upgrade

6

MPEL: Crown Macau

7

MPEL: City of Dreams

8

Macau – Hub of Asia

9

Macau quarterly gaming revenue performance Q3 04 – Q3 08

Macau Gaming Revenue 2004 - 2008

Data sourced from Macau DICJ

.

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Q3 04

Q4 04

Q1 05

Q2 05

Q3 05

Q4 05

Q1 06

Q2 06

Q3 06

Q4 06

Q1 07

Q2 07

Q3 07

Q4 07

Q1 08

Q2 08

Q3 08

Qua

rterly

Gam

ing

Rev

enue

MO

P B

illio

n Moving average trend line

10

0

1

2

3

4

5

6

7

81Q

00

2Q00

3Q00

4Q00

1Q01

2Q01

3Q01

4Q01

1Q02

2Q02

3Q02

4Q02

1Q03

2Q03

3Q03

4Q03

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

Visi

tors

- M

illio

ns

Other Hong Kong China

SARS

Source Macau statistic and census service, DSEC

Visa Restrictions

Macau Visitor Arrivals 2000 to 2008

Visitors

11

5.0

7.0

9.0

11.0

13.0

15.0

17.0

19.0

21.0

23.0

25.0

Jul-07

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Jan-08

Feb-08

Mar-08

Apr-08

May-08

Jun-08

Jul-08

Aug-08

Sep-08

Mon

thly

Gam

ing

Rev

enue

US$

M

Meadows Pennsylvania – Trading Performance

severe winter weather

Data sourced from Pennsylvania Gaming Control Board and Cannery

Meadows monthly gaming revenue performance July 07 – September 08

12

Pennsylvania Casinos

12

Philadelphia

Pittsburgh

The Meadows•

•

Harrisburg•

Erie•

•Wilkes-Barre

PA Casino/Racino (open) PA Casino/Racino (proposed/under construction)

Pennsylvania (PA)

OH

WV

NY

NJMD

50 miles (2.8m adults)

100 miles (4.2m adults)

WV Racino (open)

Est. Population 9.7m (adults)

13

Slots per 1,000 adults in the US

Source: State Gaming Control Boards – Monthly Published Statistics, US Census Bureau

0.0 5.0 10.0 15.0 20.0

Clark County, Nevada

Mississippi

Delaware

West Virginia

Iowa

Rhode Island

Connecticut

New Jersey

Indiana

Colorado

Missouri

Eastern Pennsylvania

Western Pennsylvania 1.2

2.0

4.3

4.6

4.8

5.1

5.5

7.4

7.7

8.1

12.5

16.2

87.5

14

The Meadows - Pittsburgh

Source: State Gaming Control Boards – Monthly Published Statistics

Last 12 Months Win per Machine per Day (as of August 2008)

$121

$142

$186

$201

$206

$214

$217

$229

$256

$290

$312

$328

$359

$0 $50 $100 $150 $200 $250 $300 $350 $400

Colorado

Clark County, Nevada

Mississippi

Iowa

West Virginia

Missouri

Delaware

Rhode Island

New Jersey

Pennsylvania

Indiana

Connecticut

The Meadows

15

Las Vegas Gross Gaming Revenue

-

2,000,000,000

4,000,000,000

6,000,000,000

8,000,000,000

10,000,000,000

12,000,000,000

80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07

Ye a r

GGR

Source: Las Vegas Convention and Visitors Authority

Dot.com crash

September 11 Attacks

Early 1990’s recession

Energy Crisis

16

Las Vegas Locals

Las Vegas Key Macroeconomic Drivers v Locals Gaming Revenue

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

1999 2000 2001 2002 2003 2004 2005 2006 2007

Las Vegas LocalsGaming Revenue

Population (M)

Employment (M)

Sources: Population and Employment data – Moody’s Economic Forecast September 2008 (August Data)Las Vegas Locals Gaming Revenue 1999-2007 – Las Vegas Gaming Commission

17

Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting

Tuesday 28Tuesday 28thth October 2008October 2008