Melco Crown Entertainment | World Casino News

Crown profits drop on VIP decline, digital sector on the rise

August 7, 2017

Latest Casino and Gambling News, Australia, Economy/Finance, Financial Press Releases

Australian casino operator Crown Entertainment saw a 15% drop in profits for the full year ended June, Asian news service Asia Gaming Brief reports. According to the official numbers, the operator’s yearly prof...

Federal authorities take control of Primorye Entertainment Zone

K Morrison

July 5, 2017

Latest Casino and Gambling News, Casino project updates, Fines, Lawsuits & Litigation, Russia

Concerns regarding the slow development of the region have reportedly led to the federal government usurping control of the Primorye Entertainment Zone near Vladivostok, Russia, from the local government. As...

Melco Crown Philippines becomes world’s best-performing casino stock

Alex Lanter

May 22, 2017

Latest Casino and Gambling News, Economy/Finance, Philippines

Melco Crown Philippines (PSE:MCP), the Philippine arm of Melco Resorts & Entertainment group of Asia, is the world’s top-performing casino stock of 2017, a Bloomberg report confirms. According to the report...

James Packer sells Crown notes for $100m

Alex Lanter

March 20, 2017

Latest Casino and Gambling News, Australia, Economy/Finance

Australian casino tycoon James Packer has gathered more than $101 million (AUD) from selling a million subordinated notes in Crown Resorts Limited to the company last week, according to an Australian Stock Exch...

Belle Corporation terminates revenue sharing agreement with LRWC

Adam Morgan

November 7, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Philippines

Philippines real estate and investments firm Belle Corporation has announced the termination of its revenue sharing agreement with retail gaming operator Leisure And Resorts World Corporation. According to a...

Cirsa Gaming Corporation withdraws interest in BCN World

Adam Morgan

November 3, 2016

Latest Casino and Gambling News, Casino project updates, Spain

The boss of Cirsa Gaming Corporation has declared that his firm will not be taking part in the coming BCN World complex near Barcelona as he believes the giant development in north eastern Spain will not attrac...

Parisian Macao Casino Resort due to debut with 410 gaming tables

Martin Chua

September 7, 2016

Latest Casino and Gambling News, Casino project updates, Macau

The Parisian Macao Casino Resort from operator Las Vegas Sands Corporation subsidiary Sands China Limited is set to open on September 13 featuring 410 live-dealer gaming tables alongside 1,600 slots. Accordi...

Tigre De Cristal principal posts six-month profit

Adam Morgan

September 2, 2016

Latest Casino and Gambling News, Economy/Finance, Russia

The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has released its consolidated financial results for the six months to the end of June sho...

Crown Resorts Limited annual profit hurt by depressed Macau market

Adam Morgan

August 17, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

Australian casino operator Crown Resorts Limited has released its financial results for the twelve months to the end of June showing a 22.7% decline year-on-year in normalized net profit after tax to $406.2 mil...

SJM Holdings Limited posts worse-than-expected first-half results

Martin Chua

August 8, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau casino operator SJM Holdings Limited has released its interim financial results for the first half of 2016 showing a 20.6% decline year-on-year in total revenues to $2.72 billion. The firm behind the i...

Macau legislators considering electoral law reforms

Martin Chua

August 4, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Macau

The Legislative Assembly Of Macau is currently considering whether to pass updated electoral rules that would ban casino operators from playing any role in future campaigns. According to a report from the lo...

Crown Resorts placed on Rating Watch Negative

Adam Morgan

June 20, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Mergers, Acquisitions & Partnerships

Australian casino operator Crown Resorts has been placed on Rating Watch Negative by credit ratings agency Fitch Ratings after it announced plans to de-merger some of its international assets. Melbourne-base...

Analyst says nearby construction hurting Studio City’s opening momentum

K Morrison

April 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued disruptions going on next to the property. While the U.S.-based brokerage said it still believes tha...

Grand Opening of Studio City today

K Morrison

October 27, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Casino openings, Gaming Industry News, Casino project updates, Asian Casino News, Macau

The countdown is over, Melco Crown Entertainment’s (MCE) $3.2 billion cinematically-themed leisure resort and casino, Studio City, celebrated its grand opening today in what marked the beginning of a “new era” ...

Studio City countdown to Tuesday

K Morrison

October 25, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Casino openings, China, Gaming Industry News, Casino project updates, Asian Casino News, Macau

The days are counting down to the much anticipated grand opening of Melco Crown Entertainment’s (MCE) integrated casino resort Studio City scheduled for Tuesday, October 27, which will feature a performance by ...