melco crown entertainme-adr (MPEL) Key Developments
Melco Crown Entertainment Limited Announces Plans with Pacha to Open Macau's First Megaclub, Pacha Macau, at Studio City
Apr 28 15
Melco Crown Entertainment Limited announced plans with Pacha to open Macau's first megaclub, Pacha Macau, at Studio City, the eagerly anticipated cinematically-themed integrated entertainment, retail and gaming resort in Macau. The Hollywood-inspired, gaming and entertainment complex will transport visitors into a stunning cinematic world with awe-inspiring entertainment offerings, delivered by the world's leading entertainment partners, positioning this new destination resort as Asia's entertainment capital.
Melco Crown Entertainment Limited Presents at Milken Institute, Global Conference 2015, Apr-27-2015 02:30 PM
Apr 17 15
Melco Crown Entertainment Limited Presents at Milken Institute, Global Conference 2015, Apr-27-2015 02:30 PM. Venue: 2025 Ave Of The Stars, Los Angeles, CA 90067, California, United States. Speakers: Lawrence Ho, Co-Chairman, CEO and Executive Director.
Melco Crown Entertainment and Taubman Asia Announce Plans for the Boulevard at Studio City
Apr 16 15
Melco Crown Entertainment and Taubman Asia unveiled plans to deliver a unique, entertainment-centered shopping experience at the highly-anticipated entertainment, retail and gaming resort, Studio City. Envisioned by Mr. Lawrence Ho, Studio City is a thrilling new cinematically-themed entertainment and leisure destination in Macau that is set to become Asia'sEntertainment Capital, and to take Macau's entertainment destination proposition to unprecedented new levels. Taubman Asia is providing merchandising, marketing and management services for its retail project. The Boulevard at Studio City, a unique, 300,000 sq. ft. 'immersive' retail entertainment environment, will bring the world's best shopping to life in Macau by transporting guests to high-energy street-scapes, entertaining them at every turn with featured streets and squares inspired by iconic shopping and entertainment locations, including New York'sTimes Square and Hollywood'sBeverly Hills. Scheduled to open in the third quarter of 2015, coinciding with the opening of the Studio City integrated resort, The Boulevard at Studio City will delight visitors with an exciting and refined retail experience during their visit to the city.
Melco Crown Entertainment Limited Announces Board Changes
Apr 15 15
Melco Crown Entertainment Limited announced that Mr. Rowen Bruce Craigie will retire from office by rotation, not offer himself for re-election at the AGM because the cmopany intends to nominate new director, Mr. Robert John Rankin, in place of himself as a Director of the company and thus he would retire from office immediately after the close of the AGM.
Melco Crown Entertainment Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Mar 25 15
Melco Crown Entertainment Limited reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company’s net revenues were USD 4.80 billion, a decrease of USD 0.28 billion, or 5.6%, as compared with USD 5.09 billion for the year ended December 31, 2013. Net income attributable to company was USD 608.3 million as compared with net income of USD 637.5 million for the year ended December 31, 2013. Basic net income per Share attributable to company was USD 0.369 compared to basic net income per Share of USD 0.386 for the year ended December 31, 2013. Adjusted property EBITDA was USD 1,285.5 million, representing a decrease of USD 93.6 million, or 6.8%, compared to USD 1,379.1 million for the year ended December 31, 2013. Operating income was USD 685.360 million against USD 839.824 million for the year ended December 31, 2013. Income before income tax was USD 530.422 million against USD 580.454 million for the year ended December 31, 2013. Net cash provided by operating activities was USD 894.614 million against USD 1,151.934 million for the year ended December 31, 2013. Total capital expenditure payments for the year ended December 31, 2014 were USD 1,214.9 million.