March 25, 2008Hot on the heels of our precious invitation from Melco PBL to attend the City of Dreams Topping-out Ceremony on 1 April 2008 at 12.10pm, comes the surprising news about James Packer’s Crown Macau enjoying a huge turn-around, making it the busiest casino in the world in terms of betting volume!
City of Dreams Complex
Posted in City of Dreams, Crown Macau, Galaxy Entertainment, James Packer, Lawrence Ho, Melco PBL, Stanley Ho, Theatre of Dreams 
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November 29, 2007A strong relationship with the government and a new direction for the Crown Macau is upholding the confidence of Melco PBL Entertainment’s CEO, Lawrence Ho, in the company’s future in Asia’s Las Vegas.
Earlier this month Melco PBL announced a USD142 million loss for the nine months ending September 30. The third quarter saw the company lose USD45.2 million, five times the loss sustained in the same period last year.
Posted in City of Dreams, Cotai Strip, Crown Macau, Lawrence Ho, Melco PBL, Theatre of Dreams No Comments »
November 21, 2007Melco PBL Entertainment (Macau) Limited, a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, today reported financial results for the third quarter and nine months ended September 30, 2007. Lawrence Ho, Chief Executive Officer and Co-Chairman of Melco PBL Entertainment, commented, “The third quarter was a transitional period for Crown Macau as the property became fully activated from late July.
Hold adjusted property EBITDA has grown each month during the third quarter, and we are excited by our continued progress in expanding the business. VIP rolling chip volume has shown excellent growth, progressing from US$1.375 billion in July to over US$2.5 billion for the month of October. Based on our estimation for the month of October, Crown Macau’s combined VIP and mass table game market share of the whole market was approximately 8%, continuing the positive growth trend and despite the introduction of a major new entrant into the market.
Posted in City of Dreams, Crown Macau, James Packer, Lawrence Ho, Macau Casino, Melco PBL, Theatre of Dreams 1 Comment »
June 22, 2007Melco 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.
The new loan facilities will allow the Company to retire its existing committed but undrawn borrowing arrangements. The new facilities will be denominated in Hong Kong dollars and/or United States dollars and provide both substantially improved pricing terms and increased flexibility as compared with the US$1.6 billion facility committed in September 2006. The Coordinating Lead Arrangers of the new facilities are ANZ, Bank of America, Barclays Capital, Deutsche Bank AG and UBS AG.
Posted in City of Dreams, Cotai Strip, Entertainment, Macau Casino, Melco PBL, Theatre of Dreams No Comments »
