Tag Archives: Melco Crown
China – Melco Crown reveals its hand at Studio City
Melco Crown Entertainment has unveiled details of its new cinematically-themed gaming, entertainment and leisure destination resort in Macau: Studio City, which will include a Batman themed ride. The US$3.2bn, Hollywood-inspired, gaming and entertainment complex will transport the visitor into a cinematic world with entertainment offerings, delivered by the world’s leading entertainment partners, positioning this new…
Taiwan – Melco Crown charged with violation of foreign exchange
The claim made by Taiwanese prosecutors that a subsidiary of Melco Crown transferred the equivalent of US$192m between Taiwan and Macau has now been made public. The Taipei District Prosecutors Office has alleged that the Taipei branch of Hong Kong-based MCE International channelled more than $NT5.4bn for high-rollers to use at Melco Crown’s City of…
Spain – Caesars adds interest to BCN World
Caesars Entertainment has reportedly entered the race to be one of the six operators to run the six initially resort casinos at BCN World, the casino-centric destination being planned for the Spanish region of Catalonia. Caesars will invest €500m (US$675m) to develop the casino, surpassing the minimum €300m investment outlined by the government. It would…
The Philippines – City of Dreams Manila to cost US$840m
Melco Crown Philippines Investments is planning to sell shares to raise funds for the extra budget involved in the construction of City of Dreams Manila. Melco Crown Philippines revealed in a disclosure to the Philippine Stock Exchange that it had raised the budget for its casino resort to P37bn ($840m) from P28bn. It is offloading…
China – Melco Crown pays dividends for the first time
James Packer’s Crown Resorts has earned a return on its investment in Macau for the first time, after its joint venture partnership, Melco Crown, said it would begin to pay a regular dividend. After its fourth quarter results for 2013, in which net income doubled to US$223.2m Melco said it had recommended the board approve…
Philippines – Melco Crown increases City of Dreams Manila investment to $680m
Melco Crown Entertainment has increased how much it plans to spend in its City of Dreams Manila project to US$680m following approvals from state-run Philippine Amusement and Gaming Corporation for more table games. Chief Executive Lawrence Ho said the investment could increase further before the resort’s mid-2014 opening as it adds more leisure and hotel…
Philippines – Melco Crown to brand Philippines project; City of Dreams Manila
Melco Crown’s new integrated casino resort at Entertainment City, Manila, will be branded City of Dreams Manila, building on the success of the company’s City of Dreams project in Macau. Following various amendments to gaming regulations in the Philippines by PAGCOR, City of Dreams Manila has been permitted to operate a substantially increased number of…
Russia – Melco Crown yet to confirm Primorye commitment
Despite media outlets across the world reporting it as fact, Melco Crown Entertainment has so far refused to confirm its involvement as a casino operator in the future Russian gaming zone ofPrimorye. Speculation has been intense since Summit Ascent Holdings, a Hong Kong-based company that is 37 per cent owned by Lawrence Ho, the co-chairman…
Spain – Hard Rock linked to BCN World investment
Reports out of Spain are linking American hotelier to the US$1bn BCN World casino resort development set for the outskirts of Barcelona. The hotel and casino operator is reportedly about to commit to the second phase of the project with a development expected to be based on City of Dreams in Macau, will be the…
