Archive for May, 2008

Melco PBL Changes Name to Melco Crown Entertainment

Melco PBL Entertainment (Macau) Limited, a developer and owner of casino gaming and entertainment resort facilities, announced today that its shareholders passed a resolution at its Annual General Meeting to change the name of the company to Melco Crown Entertainment Limited, effective immediately. The company's ticker symbol, MPEL, remains unchanged. The name change reflects a previously

Crown Macau Wins Prestige's Eco-Business Award

Crown Macau has been elected as one of the awardees at the Prime Awards for Eco-Business 2008 recently held in Hong Kong. The Awards recognize the effort and accomplishments of promoting green environment and Crown Macau is the only hotel and casino in Macau that has been selected along with other large-scale corporations such as

Venetian Macao Unveils Cirque du Soleil Show

Las Vegas Sands Corp offered a peek on Thursday at a $150-million Cirque du Soleil show that will open at the Venetian Macau, the casino operator's latest high-stakes bet that it can get visitors to the Asian city to do more than gamble. The dreamy "Zaia" features dancers and acrobats depicting a story of a girl

Grand Waldo Opens First Live Poker Room in Macau

Today, in a first of its kind event, PokerStars cut the ribbon on the brand new and first live poker room in Macau. Players from all over China walked into the Grand Waldo Casino today to see the opening of PokerStars Macau. Surrounded by hordes of local press, APPT President Jeffrey Hass, Grand Waldo Casino General

Crown Macau Presents Hugel Wine Dinner at YING

From 23 May to 24 June, Crown Macau will be presenting a meticulous pairing of food and wine by 12th generation Alsatian winemaker Etienne Hugel and former World Champion Cantonese Chef Tam Kwok Fung. Thus exclusive offering features the wines of Hugel, renowned for generations as being the leading winemakers in the region, with a

Macau April Visitor Arrivals Continues to Grow

Macao visitor arrivals totalled 2,488,697 in April 2008, a year-on-year increase of 11.8%. Visitors from Mainland China (1,482,367) and Southeast Asia (141,655) surged by 29.8% and 47.2% respectively, while those from Hong Kong (620,538) decreased by 18.5%. Same-day visitors accounted for 52.9% of the total arrivals, at 1,317,388. The majority of the visitors came from Mainland

Macau Government Meets Casino Operators

The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, met with the management of six casino concessionaires to exchange views on the development of the industry. Speaking to the press after the meeting, Mr Tam disclosed that the discussions were focused on the commission rate on VIP chips and the number of tables. He said

Melco PBL Makes First Time Profit on Crown Macau

Melco PBL Entertainment (Macau) Limited, a developer and owner of casino gaming and entertainment resort facilities, reported unaudited financial results for the first quarter ended March 31, 2008. Net revenue for the first quarter of 2008 was US$482.9 million, up from US$179.8 million in the fourth quarter of 2007(1). The revenue increase was driven almost entirely

Macau Casinos Warehousing Poker Machines

Poker machine maker Aristocrat Leisure yesterday gave details of the extent of its sales decline in the US and warned of an oversupply of machines in its other important market, Macau. It also gave an insight into a distressing trend where their casino customers were holding onto their outdated machines for three times longer than ever

Crime in Macau on the Rise

The number of crimes recorded in the first quarter of this year saw a slight increase of 8.6% compared with the same quarter last year, with serious assaults down by 55.6% while robbery and theft up by 34%. Releasing the crime statistics for the first quarter of 2008 at a press conference today, the Secretary for