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Tag Archives: Melco Crown Entertainment

Australia – Crown lessens its stake in Macau and pulls out of Las Vegas

Australian operator Crown Resorts is looking to lessen its exposure to Macau and abandon plans to develop Alon casino in Las Vegas Crown confirmed it will sell part of its share in Macau operator Melco Crown Entertainment following the arrests of 18 Crown employees by Chinese authorities. Crown will sell a stake worth A$1.6bn to…

China – Studio City opens to Hollywood fanfare but no VIP tables

Studio City, the US$3.2bn cinematically-themed leisure destination resort, has now opened its doors, heralding a new era of world-class entertainment, set to redefine Macau as an truly-international tourism destination. Despite the red carpet taking a bartering from the shoes of celebrities and VIPs, the venue has opened with no VIP rooms and no VIP tables….

China – Studio City set to première on October 27

Melco Crown Entertainment will open its US$3.2bn Studio City on October 27, 2015 Studio City, on Cotai, Macau, close to the Lotus Bridge immigration point which connects with Hengqin Island, and a future station-point for the Macau Light Rapid Transit. This Hollywood-inspired resort will take best-of-class entertainment-fuelled leisure offerings to a whole new level in…

China – Golden Reel Ferris nears completion at Studio City

Melco Crown Entertainment has unveiled the epic movie-inspired Golden Reel Ferris wheel as the iconic centerpiece attraction of the company’s soon to open US$3.2bn Studio City complex in Macau. Towering at 130 meters in Cotai, the Golden Reel is majestically located at the center-point between the resort’s twin “Art Deco meets Gotham City” hotel towers,…

China – Melco signs up Goddard Group to design Studio City

Melco Crown Entertainment has assigned California-based The Goddard Group for the Concept Design, Master Planning and Architectural Design of Studio City. Gary Goddard, CEO/Founder, of the Goddard Group, revealed that client Melco Crown Entertainment, a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, selected Gary Goddard Entertainment. The US$3.2bn, Hollywood-inspired…

Philippines – City of Dreams Manila grand opening attracts over 30,000

A spectacularly successful grand launch event at City of Dreams Manila saw over 30,000 visitors experience Manila’s first-ever world-class entertainment-inspired leisure destination. The landmark event was officiated by Melco Crown Entertainment’s Co-Chairman and CEO Mr. Lawrence Ho, Co-Chairman Mr.James Packer, government dignitaries and VIP guests to officially launch the over USD 1 billion resort at…

Georgia – Ho has high hopes of Georgian casino

Lawrence Ho, Co-Chairman of Macau-based operator Melco Crown Entertainment, is looking to open a casino in the Republic of Georgia. According to a filing to the Hong Kong Stock Exchange, Mr. Ho is hoping to secure $50m through the sale of shares in a special purpose vehicle via his Chinese lottery company MelcoLot Limited. He…

China – Melco Crown shares fall on poor second-half earnings

Melco Crown Entertainment’s shares dropped to their lowest point in 11 months following disappointing second-quarter earnings. The results were announced on the same day a Taiwan subsidiary of the company was indicted for alleged foreign exchange violations. Shares in the operator, owned by Lawrence Ho and James Packer, fell by 3.9 per cent to $HK75.55,…

Japan – Melco Crown in discussions over Japanese casino partner

Melco Crown has added itself to the growing list of international companies wanting to open a casino in Tokyo in time for the 2020 Olympics. Crown Executive Todd Nisbet said Melco Crown had already held discussions with several Japanese companies. Speaking to The Australian he said: “We think a local partner is a key ingredient….