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Last $19.44 USD
Change Today +0.03 / 0.15%
Volume 384.8K
As of 9:48 AM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

melco crown entertainme-adr (MPEL) Snapshot

Open
$19.58
Previous Close
$19.41
Day High
$19.66
Day Low
$19.41
52 Week High
07/2/14 - $37.00
52 Week Low
05/18/15 - $18.58
Market Cap
10.6B
Average Volume 10 Days
2.8M
EPS TTM
$0.78
Shares Outstanding
543.6M
EX-Date
05/21/15
P/E TM
25.0x
Dividend
$0.13
Dividend Yield
1.20%
Current Stock Chart for MELCO CROWN ENTERTAINME-ADR (MPEL)

melco crown entertainme-adr (MPEL) Related Businessweek News

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melco crown entertainme-adr (MPEL) Details

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 120 gaming tables; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it owns and operates 8 Mocha Clubs with 1,321 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Further, the company operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. Additionally, it is developing Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort in Cotai, Macau. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is headquartered in Central, Hong Kong.

18,367 Employees
Last Reported Date: 04/15/15
Founded in 2004

melco crown entertainme-adr (MPEL) Top Compensated Officers

Co-Chairman and Chief Executive Officer
Total Annual Compensation: $6.4M
Compensation as of Fiscal Year 2014.

melco crown entertainme-adr (MPEL) Key Developments

Melco Crown Entertainment Limited Announces Board Changes

The Board Melco Crown Entertainment Limited announced that Mr. Rowen Bruce Craigie retired as a non-executive Director of the company with effect from the conclusion of the AGM and Mr. Robert John Rankin was appointed as a non-executive Director of the company with effect from the conclusion of the AGM. In June 2012, Mr. Rankin was appointed Co-Global Head of Corporate Banking & Securities (CB&S) and Global Head of Corporate Finance where he was based out of London.

Melco Crown Entertainment Limited Provides Net Interest Expense Guidance for the Second Quarter of 2015

Melco Crown Entertainment Limited provided earnings guidance for the second quarter of 2015. For the second quarter of 2015, the company expects total depreciation and amortization expense to be approximately $110 million to $115 million. Consolidated net interest expense is expected to be approximately $40 million, which includes finance lease interest of $11 million relating to City of Dreams Manila, net of approximately $37 million of total capitalized interest.

Melco Crown Entertainment Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Melco Crown Entertainment Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net revenue was $1,054.3 million, representing a decrease of approximately 22% from $1,357.3 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower group-wide rolling chip revenues and mass market table games revenues. Adjusted property EBITDA was $253.3 million for the quarter, as compared to adjusted property EBITDA of $387.5 million in the first quarter of 2014. The 35% year-over-year decline in adjusted property EBITDA was attributable to lower group-wide rolling chip volumes and rolling chip win rate, together with a lower contribution from the mass market table games segment. On a U.S. GAAP basis, net income attributable to the company for the quarter was $60.6 million, or $0.037 per diluted share, compared with net income attributable to the company of $239.5 million, or $0.144 per diluted share, in the first quarter of 2014. Capital expenditures for the quarter were $456.2 million, which predominantly related to Studio City and City of Dreams Manila, as well as various projects at City of Dreams, including the fifth hotel tower. Operating income was $60.2 million compared with $269.6 million a year ago. Income before income tax was $24.4 million compared with $228.2 million a year ago. Adjusted net income attributable to the company was $87.1 million or $0.054 per diluted share compared with $249.3 million or $0.150 per diluted share a year ago. Adjusted EBITDA was $221.4 million compared with $358.7 million a year ago.

 

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MPEL Competitors

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Company Last Change
Genting Bhd 8.31 MYR -0.04
Melco International Development Ltd $11.42 HKD -0.14
MGM China Holdings Ltd $13.36 HKD -0.02
SJM Holdings Ltd $9.55 HKD -0.20
Wynn Macau Ltd $13.94 HKD -0.18
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Industry Analysis

MPEL

Industry Average

Valuation MPEL Industry Range
Price/Earnings 24.7x
Price/Sales 2.3x
Price/Book 2.4x
Price/Cash Flow 14.0x
TEV/Sales 0.9x
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