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Last $17.02 USD
Change Today -0.60 / -3.41%
Volume 1.6M
MPEL On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 11:27 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

melco crown entertainme-adr (MPEL) Snapshot

Open
$17.42
Previous Close
$17.62
Day High
$17.50
Day Low
$16.75
52 Week High
09/11/14 - $28.49
52 Week Low
08/24/15 - $16.50
Market Cap
9.2B
Average Volume 10 Days
4.4M
EPS TTM
$0.57
Shares Outstanding
543.6M
EX-Date
08/13/15
P/E TM
30.0x
Dividend
$0.05
Dividend Yield
1.01%
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 Declares Dividend for the Second Quarter of 2015, Payable on or About September 04, 2015

Melco Crown Entertainment Limited approved the declaration and payment of a quarterly dividend of $0.0134 per ADS for the second quarter of 2015. The Quarterly Dividend will be paid on or about September 4, 2015 to shareholders whose names appear on the register of members of the Company at the close of business on August 17, 2015, being the record date for determination of entitlements to the Quarterly Dividend.

Melco Crown Entertainment Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter 2015

Melco Crown Entertainment Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the period, the company reported net revenues of USD 916,788,000 against USD 1,199,535,000 a year ago. The decline in net revenue was primarily attributable to lower rolling chip revenues and mass market table games revenues in Macau, partially offset by the net revenue generated by City of Dreams Manila, which started operations in December 2014. Operating income was USD 21,968,000 against USD 162,808,000 a year ago. Loss before income tax was USD 5,987,000 against income before income tax of USD 126,984,000 a year ago. Net loss was USD 5,791,000 against net income of USD 126,680,000 a year ago. Net income attributable to the company was USD 24,254,000 or 0.015 per basic and diluted share against USD 143,638,000 or 0.086 per diluted share a year ago. Adjusted property EBITDA was USD 204.9 million for the second quarter of 2015, as compared to USD 313.6 million in the second 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. Adjusted net income attributable to the company was USD 44,236,000 or 0.027 per basic and diluted share against USD 163,711,000 or 0.098 per diluted share a year ago. Adjusted EBITDA was USD 179,223,000 against USD 284,850,000 a year ago. For the six months, net revenues were USD 1,971,040,000 against USD 2,556,854,000 a year ago. Operating income was USD 82,179,000 against USD 432,375,000 a year ago. Income before income tax was USD 18,425,000 against USD 355,231,000 a year ago. Net income was USD 18,047,000 against USD 352,238,000 a year ago. Net income attributable to the company was USD 84,883,000 or 0.052 per diluted share against USD 383,181,000 or 0.230 per diluted share a year ago. Adjusted net income attributable to the company was USD 131,343,000 or 0.081 per basic and diluted share against USD 413,019,000 or 0.248 per diluted share a year ago. Adjusted EBITDA was USD 400,578,000 against USD 643,587,000 a year ago. Adjusted property EBITDA was USD 458,249,000 against USD 701,142,000 a year ago. For the third quarter 2015, total depreciation and amortization expense is expected to be approximately USD 110 million to USD 115 million. Corporate expense is expected to come in at approximately USD 26 million to USD 28 million and consolidated net interest expense is expected to be approximately USD 40 million, which includes finance lease interest of USD 11 million relating to City of Dreams Manila, net of approximately USD 38 million of total capitalized interest.

Melco Crown Entertainment Limited Announces Opening of Studio City on October 27, 2015

Melco Crown Entertainment Limited announced the highly anticipated USD 3.2 billion Studio City will officially open on October 27, 2015. This Hollywood-inspired resort will take entertainment-fueled leisure offerings to a whole new level in Macau, redefining the territory as a tourism destination. 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's Entertainment Capital and to take Macau's entertainment destination proposition to unprecedented new levels. A hotel package available from HKD 1,988 provides a night's stay in a Premier King Room at Studio City Hotel'sStar Tower and includes two Golden Reel tickets, access to the indoor and outdoor pools and the meandering RiverScape water-ride plus access to the Star Tower Gym. The Studio City ‘Experience It All’ Entertainment Pass - costing just HKD 550 per person - offers a stunning entertainment experience for thrill-seekers. The Pass includes a ride on the spectacular Golden Reel; an epic super-hero adventure on the 4D flight simulation Batman Dark Flight and access to incredible world of mind-bending magic at The House of Magic. Studio City is located on Cotai, Macau, close to the Lotus Bridge immigration point which connects with Hengqin Island, and a future station-point for the Macau Light Rapid Transit. This Hollywood-themed studio-concept resort is set to become Asia'sEntertainment Capital.

 

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Industry Analysis

MPEL

Industry Average

Valuation MPEL Industry Range
Price/Earnings 32.2x
Price/Sales 2.3x
Price/Book 2.3x
Price/Cash Flow 15.2x
TEV/Sales 0.7x
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