Tag Archives: Melco Crown Entertainment
- Melco Crown rebrand is go; Lawrence Ho buys $65m apt.
March 30, 2017
Shareholders in casino operator Melco Crown Entertainment (MCE) have overwhelmingly approved making their brand a little less royal. MCE held its annual general meeting in Macau on Wednesday, at which shareholders approved changing the company’s name to Melco Resorts & Entertainment Ltd. The NASDAQ-listed company, which operates gaming venues in...
- 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...
Okada Manila eyes Philippine backdoor listing
May 2, 2017