April 1, 2008PBL Entertainment (Macau) Limited topped out the Hard Rock hotel and the main podium of its mega-project City of Dreams in Cotai, Macau today.
Posted in City of Dreams, Cotai Strip, Crown Towers, Grand Hyatt Cotai, Hard Rock Hotel, Hard Rock Macau, James Packer, Lawrence Ho, Melco PBL 
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March 31, 2008Ahead of it’s City of Dreams Topping-out Ceremony on 1 April 2008 at 12.10pm, comes the the news that casino operator Melco International Development Ltd. said Monday that its 2007 net profit fell 5 percent because of a one-off gain in the previous year.
The Hong Kong-listed company said its net profit in the 12 months ended Dec. 31 was HK$2.69 billion (US$346 million; ?219 million), down from HK$2.84 billion in 2006.
Posted in City of Dreams, Lawrence Ho, Melco PBL No Comments »
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 [...]
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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!
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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 PBL, Stanley Ho, Theatre of Dreams No Comments »
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.
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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 PBL No Comments »
