March 30, 2008Congratulations to the Crown Macau on its dramatic turnaround. The six-star hotel casino continues to gain market share, particularily in the high-end VIP segment. One Wall Street gaming analyst recently wrote:
“Thanks to A-Max’s junkets, Melco PBL’s market share improved substantially from 5.7 per cent in November to 18.1 per cent in February, making Crown Macau [...]
Posted in Cotai Strip, Macau Casino 
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March 28, 2008Colliers International Macau has just released this interesting and bullish report about the Macau Property Market.
The latest report shows the openings of the Venetian Macau, MGM Grand Macau, Grand Lisboa and Crown Macau last year strengthened the island’s position as a world-class tourist destination.
Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, Four Seasons Macau, Macau News, Macau Property, Macau Real Estate, Venetian Macao No Comments »
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!
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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 Crown, Stanley Ho, Theatre of Dreams No Comments »
March 18, 2008It has been a year of activity and inactivity, events and non-events, giddy successes and flops, and most of all, lessons on what to do or not to in Macau.Stanley Ho’s SJM unveiled its answer to the new operators, the Grand Lisboa, in February 2007. Then came Crown Macau in April 2007, the gargantuan Venetian Macao in September 2007, followed by MGM Grand Macau in December 2007, followed lastly by Stanley Ho’s Ponte 16 Casino on 1 February 2008.
Some readers have raised eyebrows on the lack of commentary on my part on the new SJM properties, saying that I focused purely on the new entrants to the market.
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March 13, 2008Deutsche Bank has given James Packer’s jointly owned Melco PBL a big vote of confidence, upgrading its first-quarter earnings estimates by 43 per cent. “After our first visit to Macau, we remain bullish on the phenomenal growth in Crown’s VIP business,” analysts from the investment bank said.
Deutsche Bank estimates that Melco’s Crown Macau casino achieved a rolling turnover of almost $HK50 billion ($6.9 billion) last month, representing about 23 per cent of Macau’s VIP play. Deutsche raised its first-quarter earnings before interest depreciation and amortisation (EBITDA) by 43 per cent to $70million.
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February 21, 2008Melco PBL Entertainment Ltd., a developer and owner of casinos and resorts in Macau, said Tuesday its fourth-quarter loss narrowed, helped by results from its Crown Macau casino.The company’s quarterly loss narrowed to $36.5 million, or 3 cents per share, compared with a loss of $53 million, or 5 cents per share in the prior-year quarter. Analysts polled by Thomson Financial expected a break-even results.
Revenue rose to $179.8 million, from $17.9 million last year. Crown Macau revenue totaled $153.6 million.
Posted in Crown Macau, Melco Crown No Comments »
February 4, 2008Melco PBL Entertainment (Macau) Limited, a developer and owner of gaming and entertainment resort facilities, announced that its luxury hotel and casino “Crown Macau“, has won the “Best Casino Interior Design Award” in the 1st “International Gaming Awards 2008″ recently held in London, UK.
Posted in Asia Casinos, Crown Macau, James Packer, Lawrence Ho, Macau Business, Macau Casino, Melco Crown No Comments »
