Last $92.60 HKD
Change Today +2.55 / 2.83%
Volume 69.2K
6883 On Other Exchanges
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As of 4:01 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

melco crown entertainment lt (6883) Snapshot

Open
$91.60
Previous Close
$90.05
Day High
$92.85
Day Low
$91.60
52 Week High
01/22/14 - $125.64
52 Week Low
07/10/13 - $55.19
Market Cap
154.3B
Average Volume 10 Days
108.8K
EPS TTM
--
Shares Outstanding
1.7B
EX-Date
04/1/14
P/E TM
--
Dividend
--
Dividend Yield
0.96%
Current Stock Chart for MELCO CROWN ENTERTAINMENT LT (6883)

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melco crown entertainment lt (6883) Details

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 480 gaming tables and 1,400 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 20 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 140 gaming tables; 230 hotel rooms; and various non-gaming entertainment venues comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it owns and operates Mocha Clubs that provide non-casino based operations of 1,369 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Further, the company is developing the Studio City Project, a cinematically-themed integrated entertainment, retail, and gaming resort. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is headquartered in Central, Hong Kong.

11,958 Employees
Last Reported Date: 04/15/14
Founded in 2004

melco crown entertainment lt (6883) Top Compensated Officers

Co-Chairman and Chief Executive Officer
Total Annual Compensation: $11.2M
Compensation as of Fiscal Year 2013.

melco crown entertainment lt (6883) Key Developments

Melco Crown In Talks With Potential Partners

Melco Crown Entertainment Limited (NasdaqGS:MPEL) is looking for partners to build casinos in Japan and would consider listing the venture as well. James Packer, Co-Chairman of Melco Crown, said, "Our expectation would be to have a strong set of Japanese partners. We have had very preliminary talks,"without naming companies or elaborating on a possible listing plan. The project will be executed through Hong Kong-based Melco Crown, a venture he has with Lawrence Ho, Co-Chairman of Melco Crown. Melco Crown will be flexible about partnership and has talked to various companies including real estate developers and infrastructure companies over the past several years, Lawrence Ho said in year 2013. He would also be interested in tie-ups with Japanese trading houses, said Ho. Melco would invest more than $5 billion on the Japan casino project, Ho said at that time. “I do not envisage an integrated resort in either Tokyo or Osaka would be successful at anything under $5 billion,” Packer said.

Melco Crown Entertainment Limited Approve Special Dividend, Payable on or About April 16, 2014

On February 25, 2014, the Board of Directors of Melco Crown Entertainment Limited announced a proposal of declaration and payment of a special dividend of $0.1147 per share based on the company's 1,666,633,448 ordinary shares in issue on the same date out of its share premium account, with total amount approximately $191,163. The declaration and payment of special dividend is conditional upon the satisfaction of certain conditions. Dividend is expected to be paid in cash on or about April 16, 2014 to those shareholders whose names appear on the company's register of members at close of business on April 4, 2014, being the record date for determination of entitlements to the special dividend.

Melco Crown Entertainment Limited Reports Audited Consolidated Cash Flows Results for the Year Ended December 31, 2013

Melco Crown Entertainment Limited reported audited consolidated cash flows results for the year ended December 31, 2013. For the period, the company's net cash provided by operating activities was $1,151.9 million compared to $950.2 million for the year ended December 31, 2012. The increase in net cash provided by operating activities was mainly attributable to strong growth in underlying operating performance as described in the foregoing section.

 

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Industry Analysis

6883

Industry Average

Valuation 6883 Industry Range
Price/Earnings 10.4x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 20.9x
TEV/Sales 2.8x
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