Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 04, 2015 3:56 AM ET

Hotels, Restaurants and Leisure

Company Overview of MCE Finance Limited

Company Overview

MCE Finance Ltd. is based in Cayman Islands. MCE Finance Ltd. operates as a subsidiary of Melco Crown Entertainment Ltd.

36th Floor

The Centrium

60 Wyndham Street

Central,  

Hong Kong

12,323 Employees

Phone:

852 2598 3600

Key Executives for MCE Finance Limited

Chief Financial Officer
Age: 46
Director, Co-Chairman of Melco Crown Entertainment Ltd and Chief Executive Officer of Melco Crown Entertainment Ltd
Age: 38
Company Secretary
Age: 53
Compensation as of Fiscal Year 2015.

MCE Finance Limited Key Developments

MCE Finance Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

MCE Finance Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter of 2015, the company’s total net revenues were $1.03 billion, a decrease of 25.4% from $1.38 billion of net revenues for the first quarter of 2014. Net income for the first quarter of 2015 was $132.1 million, as compared to $252.6 million for the first quarter of 2014. The decline in profitability was primarily attributable to lower group-wide rolling chip revenues and mass market table games revenues. Operating income was $145,530,000 compared to $271,360,000 for the same period a year ago. Income before income tax was $132,579,000 compared to $253,095,000 for the same period a year ago. Net cash provided by operating activities was $133,114,000 compared to $275,429,000 for the same period a year ago. Payments for acquisition of property and equipment were $86,928,000 compared to $36,836,000 for the same period a year ago.

MCE Finance Limited Declares Dividend

On March 31, 2015, a dividend of $124,792.01 per share has been declared by the Board of Directors of MCE Finance Limited. On March 21, 2014, the company declared a dividend of $349,417.64 per share and recorded $420,000 as a distribution against additional paid-in capital.

MCE Finance Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

MCE Finance Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the quarter, the company reported net revenue of $4,832,823,000 against $5,105,953,000 a year ago. The decline in total net Revenue was primarily attributable to lower group-wide rolling chip revenues primarily driven by deteriorating demand from Chinese players as well as restrictive policies including changes to travel and visa policies, partially offset by improved group-wide mass market table games revenues. Operating income was $834,181,000 against $939,952,000 a year ago. Income before income tax was $765,687,000 compared to $801,507,000 a year ago. Net income was $763,441,000 compared to $795,823,000 a year ago. Net cash provided by operating activities was $1,080,208,000 compared to $1,283,549,000 a year ago. The decrease in net cash provided by operating activities was mainly due to decline in underlying operating performance and increased working capital for the operations. Payment for acquisition of property and equipment was $240,852,000 compared to $95,677,000 a year ago. The significant increase was primarily due to the development of various projects at City of Dreams, including the fifth hotel tower.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MCE Finance Limited, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.