Entries Categorized as 'Melco Crown'
November 3, 2007
As expected costs of the City of Dreams casino project continue to blowout, now by a whopping $US600 million! The estimated outlay is now $US2.1 billion compared with the previously reported $US1.85 billion in June and $US1.5 billion last December. We can foresee further cost overruns happening prior to the expected opening in the middle of 2008.
Please tell me more! »
Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, James Packer, Lawrence Ho, Macau Business, Macau Property, Melco Crown 
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October 7, 2007
James Packer’s third Macau casino, Trinity, is expected to cost at least $US675 million ($767 million) and open in late 2010, according to investor presentations to analysts by Melco PBL Entertainment in Macau.
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Posted in City of Dreams, Cotai Strip, Crown Macau, James Packer, Lawrence Ho, Macau Casino, Melco Crown, Trinity Macau No Comments »
October 5, 2007
Shares of casino companies with interests in Macau plunged after preliminary data showed growth in Macau gambling revenues were below expectations, analysts said.
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Posted in Cotai Strip, Crown Macau, Grand Lisboa, Las Vegas Sands, MGM Grand Macau, Melco Crown, Venetian Macao, Wynn Resorts No Comments »
September 17, 2007
Melco PBL shares rose 7% Thursday after an analyst speculated that the company could eventually team up with Harrah’s on a Macau casino.
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Posted in City of Dreams, Cotai Strip, Crown Macau, Macau Studio City, Melco Crown, Venetian Macao No Comments »
September 6, 2007
The financing of Publishing and Broadcasting Ltd’s (PBL) Macau casino joint venture has been restructured as a consequence of the global credit crunch.Melco PBL Entertainment Ltd (MPEL) says it has signed a $US1.75 billion senior debt facility with a syndicate of six major international banks rather than the original $US2.75 billion finance deal announced in June.
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Posted in City of Dreams, Cotai Strip, Melco Crown No Comments »
August 25, 2007
James Packer’s Publishing & Broadcasting has told analysts that mass-market gambling at its newly opened Crown Macau Casino is trading below expectations, prompting it to increase its focus on wealthier gamblers.
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Posted in Crown Macau, James Packer, Melco Crown No Comments »
August 9, 2007
Yesterday, Wynn reported stellar second-quarter results well beyond anyone’s expectations, posting adjusted earnings of $0.92 per share, compared with the $0.53-per-share analyst estimate. On the announcement, Wynn shares traded up 10% in after-hours trading to a new high of $118.40.
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Posted in Las Vegas Sands, Melco Crown, Venetian Macao, Wynn Resorts No Comments »
June 22, 2007
Melco PBL Entertainment (Macau) Limited (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, announced that its subsidiary, Melco PBL Gaming (Macau) Limited, has today secured commitment from a group of banks for senior secured term and revolving loan facilities in the amount of US$2.75 billion with terms of between five and seven years. The Company believes that these facilities provide all of its outstanding funding requirements for the current project development pipeline, including City of Dreams and the Macau peninsula development project.
Please tell me more! »
Posted in City of Dreams, Cotai Strip, Entertainment, Macau Casino, Melco Crown, Theatre of Dreams No Comments »
