Tag Archives: Melco Crown Entertainment
- Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017
Casino operator Melco Crown Entertainment (MCE) has confirmed plans to rebrand its operations to reflect its post-Crown identity. MCE is scheduled to hold its annual general meeting of shareholders at its City of Dreams property in Macau on March 29. One of the proposals on which shareholders will be asked...
- Hard Rock antes up as Melco Crown prepares to outspend Japan casino rivals
February 22, 2017
The competition to develop the first integrated resort in Japan continues to heat up. Las Vegas Sands Chairman Sheldon Adelson recent announcement that he is ready to spend as much as USD10 billion to build a casino resort in Japan appeared to have prompted his rivals to step up their...
- Melco Crown VIP gains sign that China crackdown has “subsided”
February 17, 2017
Casino operator Melco Crown Entertainment (MCE) posted a 13% revenue gain in the final quarter of 2016, adding to the momentum behind the overall Macau market’s recovery. MCE reported revenue of $1.192b in the three months ending December 31, up 13% from Q4 2015. Operating income totaled $116m versus a...
- Philippine casino GGR to rise 4% in 2017: analyst
February 3, 2017
Philippine casino gross gaming revenue will grow by as much as 4 percent this year as new roads in the country’s capital will make the island nation’s entertainment center more accessible. In a note it recently issued, Manila-based COL Financial Group predicts that the collective GGR of Resorts World Manila,...
- City of Dreams Manila is Melco’s bright spot: Nomura
January 30, 2017
City of Dreams Manila remains one of the financial nutrients that could sustain Melco Crown Entertainment as its Macau gambling arm continues to recover. In a note last Wednesday, Japan-based credit analyst Nomura expressed optimism on City of Dream’s Manila due to the country’s resilient junket and VIP demand. The...
- Melco Crown joins ‘bonus’ party with one-month pay for staff
January 18, 2017
Lawrence Ho’s Melco Crown Entertainment is the latest casino operator to announce a bonus for its staff. The casino developer declared last Tuesday that I is giving a “one-month discretionary bonus” for its non-management staff, although it did not give details on how many workers were eligible for the payment...