Profile: Melco Crown Entertainment Limited (MPEL.O)
Melco Crown Entertainment Limited (MPEL), incorporated on December 17, 2004, is a developer, owner and operator of casino gaming and entertainment resort facilities in Asia. The Company has two casino based operations, namely, City of Dreams and Altira Macau, and non-casino based operations at its Mocha Clubs. The Company is also developing the planned Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort, and the iconic fifth hotel tower at City of Dreams in Cotai, Macau.
City of Dream
City of Dreams is an integrated casino resort in Cotai, Macau. City of Dreams is a premium-focused property, targeting high end customers and rolling chip players from regional markets across Asia. As of December 31, 2013, City of Dreams featured a casino area of approximately 448,000 square feet with approximately 480 gaming tables and approximately 1,400 gaming machines. The resort brings together a collection of brands to create an experience that appeals to a spectrum of visitors from around Asia. The Company has one hotel management agreement, pursuant to which Hyatt of Macau Ltd. manages the Grand Hyatt Macau hotel and pays it the gross operating profit after deduction of its management fees.
City of Dreams includes over 20 restaurants and bars, approximately 70 retail outlets, an audio visual multimedia experience, recreation and leisure facilities, including health and fitness clubs, three swimming pools, spas and salons and banquet and meeting facilities. The Club Cubic nightclub offers approximately 26,200 square feet of live entertainment space. The House of Dancing Water is the live entertainment centerpiece of the overall leisure and entertainment offering at City of Dreams.
Altira Macau is designed to provide a casino and hotel experience that caters to Asian rolling chip customers and players sourced primarily through gaming promoters. As of December 31, 2013, Altira Macau featured a casino area of approximately 173,000 square feet with a total of approximately 140 gaming tables. Altira Macau’s multi-floor layout comprises primarily designated gaming areas and private gaming rooms for rolling chip players, together with a general gaming area for the mass market that offers various table limits to cater to a wide range of mass market patrons.
Mocha Clubs comprise the largest non-casino based operations of gaming machines in Macau. As of December 31, 2013, the Company had eight clubs with a total of 1,369 gaming machines in operation. In addition to slot machines, each Mocha Club site offers electronic table games without dealers.
The Company competes with Galaxy, Sands China Ltd., Wynn Macau, MGM Grand Paradise, SJM, Venetian Macau and Crown.
Melco Crown Entertainment Limited
36/F The Centrium
60 Wyndham Street, Central
Company Web Links
- PHILIPPINES PRESS-Melco Crown's $1.2 bln City of Dreams Manila to open in November - Inquirer
- PHILIPPINES PRESS-Melco to bring 2 more global entertainment brands to Manila - Star
- China shares edge higher on strong July exports, Hong Kong trims losses
- Melco Crown shares fall 4.8 pct on lacklustre earnings, Taiwan forex probe
- Crown's Packer places another bet on U.S. gaming market with Las Vegas buy