Ho: “On course, amidst a challenging market”
The parent company of Melco Crown Entertainment has announced “a strong set of operating and financial metrics despite the difficult environment in Macau.” In a filing to the Hong Kong Stock Exchange, Melco posted net revenues of $4 billion for 2015, for a total profit of HK100.9 million. To thank shareholders “for their continuing support,” the company issued a special final dividend of HK$2.0 cents per share, for a total of HK$30.9 million, according to the Macau Business Daily.
“Melco has stayed on course in 2015 to strengthen its market presence in Asia and overseas, amidst a challenging market environment,” said Chairman and CEO Lawrence Ho. Ho noted the October 2015 opening of the Tigre de Cristal casino resort near Vladivostok, Russia, and the “successful launch of City of Dreams Manila,” saying it reflects the company’s “full commitment to optimizing our portfolio of assets to drive revenues, while bolstering our industry presence to become a global market-leading operator.”
The group is currently among three final bidders for an integrated casino resort in Cyprus, and is pursuing an integrated resort project near Barcelona. In Asia, it recorded a 40.6 percent year-on-year spike in consolidated revenue—up to US$31.5 million for 2015—led by its slot operations in Cambodia and the Philippines.
