Tag Archives: melco crown philippines
- Chinese pivot makes Melco Philippines stocks sizzling hot
May 19, 2017
Shares of Philippine-listed Melco Crown (Philippines) Resorts Corp. are selling like hotcakes these past few months as a result of the warming relationship between Beijing and Manila. Melco Philippines shares are so in demand that Bloomberg declared it the best-performing casino stock in the world. The news agency reported that...
- Melco Philippines swings to profit
May 18, 2017
Philippines-listed casino operator Melco Crown (Philippines) Resorts Corp. bounced to a PHP148.6 million (US$2.97 million) profit in the first three months of the year. In a filing with the Philippine Stock Exchange, Melco said that its Q1 profit is a sharp turnaround from the net loss of P1.136 billion ($22.73...
- Higher gaming volume lifts City of Dreams Manila 2016 net revenue
April 3, 2017
Net revenues of integrated casino resort City of Dreams (COD) Manila surged 63.5 percent in 2016, buoyed by higher gaming volume and house win rate. For the year ended December 31, 2016, casino operator Melco Crown (Philippines) Resorts Corp. told the Philippine Stock Exchange on Monday that the net revenue...
- Melco Crown Philippines stutters into 2016 with net losses widening by 45%
April 14, 2016
Melco Crown Philippines Resorts Corp. net losses continued its stumble with net losses in 2015 widening by as much as 45 percent to PHP9.14 billion (US$269 million), compared with the previous year’s PHP6.3 million. In a filing with the Philippine Stock Exchange, Melco Crown said its swelling losses were caused...
- A Year in Casinos: CalvinAyre.com’s Most Read Casino Stories of 2015
December 29, 2015
Resignations. Comebacks. Massive Employment Opportunities. For the casino industry, particularly in Asia, 2015 was a year of dramatic change. In this end-of-the-year section, we look back on the six most read headlines in the past 12 months. Proxy betting and the Manila casinos With no end in sight to Macau’s...
- Melco Crown Philippines names new COO
November 17, 2015
Melco Crown Philippines has found a new man for the City of Dreams Manila. The casino operator announced that it has appointed Geoffry P. Andres as chief operating officer last week, effective on Nov. 16. Melco Crown made the announcement in a filing to the Philippine Stock Exchange, but the...
Okada Manila eyes Philippine backdoor listing
May 2, 2017