August 7, 2013 / 12:21 PM / in 4 years

Macau casino Melco Crown net profit more than doubles

1 Min Read

Aug 7 (Reuters) - Melco Crown Entertainment Ltd's second-quarter net profit more than doubled as growth in its mass customer base offset softness in the high-roller market amid China's economic slowdown.

Net income for the April-to-July period rose to $181 million from $82.3 million last year. Net income for the first half of the year was $234.8 million, compared with a Thomson Reuters forecast of $143.6 million.

Controlled by Australian billionaire James Packer and Hong Kong businessman Lawrence Ho, Melco is one of the six licensed casino operators in Macau, a southern territory of China that is the only place in the country where casino gambling is legal.

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