Tag Archives: Melco Crown Entertainment
China – Melco polishes Crown with 24 per cent revenue increase
Revenue for Melco Crown Entertainment surged by 24 per cent in the third quarter of 2013, coming in at US$1,252.7m up from US$1,010.8m for the comparable period in 2012. The increase in net revenue was primarily attributable to improved group-wide gaming performance, particularly in the mass market table games segment. A 39 per cent year-over-year increase in Adjusted…
Spain – BCN World to reveal more on October 16
BCN World, the leisure and gaming complex destined for the Spanish Costa Dorada on the outskirts of Barcelona, has said it will reveal more details about investors in the project at the Gresol Conference on October 16. The group being BCN World, Veremonte group, has already named three investors for the first phase of construction…
Australia – Crown blames profit dip on offloading The Star
Crown Resorts has blamed its strategic decision to offload its share in rival operator Echo’s The Star as the reason its annual net profit declined in the year up to June. The operator revealed that net profit dropped by 23 per cent to A$395.8m, including a $99.4m loss due to the sale of Crown’s 10…
China – Melco sees revenue surge of 38 per cent
Melco Crown Entertainment has reported a revenue surge of 38 per cent for the second quarter of 2013 with the higher figure of US$1,295m attributable to higher group-wide rolling chip revenues and mass market gross gaming revenues. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, highlighted the success of the group’s flagship,…
Macau – Green light for Studio City casino licence
According to sources in Macau, Melco Crown has won its casino licence for its upcoming Studio City project. The news follows Melco Crown Entertainment’s inking of a deal to buy a 60 per cent stake in the long-delayed Macau Studio City project from eSun Holdings for US$260m in June last year. Melco’s revamped Studio City…
