Last €23.85 EUR
Change Today -0.66 / -2.71%
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As of 9:37 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

The Centrium

36th Floor

60 Wyndham Street

Central,

Hong Kong

Phone: 852 2598 3600

Fax: 852 2537 3618

Melco Crown Entertainment Limited, through its subsidiary, Melco Crown (Macau) Limited, owns, develops, and operates casino gaming and entertainment resort facilities in Asia. Operations The company has two major casino based operations, including City of Dreams and Altira Macau; and non-casino based operations at its Mocha Clubs. It is also developing the planned Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort, and the iconic fifth hotel tower at City of Dreams in Cotai, Macau, which are expected to open in mid-2015 and early 2017, respectively. The company’s Macau operations are designed to cater to a spectrum of gaming patrons, from high-stakes rolling chip gaming patrons to gaming patrons seeking an entertainment experience. It owns and operates two ‘Forbes Five Star’ hotels in Macau, such as Altira Macau and the Crown Towers hotel. It intends to attract patrons throughout Asia, and in particular, from Greater China. City of Dreams City of Dreams is an integrated casino resort located on two adjacent land parcels in Cotai, Macau with a combined area of 113,325 square meters (equivalent to approximately 1.2 million square feet). City of Dreams is a premium-focused property, targeting customers and rolling chip players from regional markets across Asia. As of December 31, 2013, City of Dreams featured a casino area of approximately 448,000 square feet with approximately 480 gaming tables and approximately 1,400 gaming machines. The resort brings together a collection of brands to create an experience that appeals to a spectrum of visitors from around Asia. The company has one hotel management agreement, pursuant to which Hyatt of Macau Ltd. manages the Grand Hyatt Macau hotel. It also has license agreements with respect to Crown Towers hotel and Hard Rock Hotel, pursuant to which the company has been granted certain rights to use certain intellectual property of the licensors. The Crown Towers hotel, a ‘Forbes Five Star’ hotel, and the Hard Rock Hotel each offers approximately 300 guest rooms, and the Grand Hyatt Macau hotel offers approximately 800 guest rooms. City of Dreams includes approximately 20 restaurants and bars; approximately 70 retail outlets; an audio visual multimedia experience; recreation and leisure facilities, including health and fitness clubs; 3 swimming pools, spas, and salons; and banquet and meeting facilities. The Club Cubic nightclub offers approximately 26,200 square feet of live entertainment space. The Dancing Water Theater, a wet stage performance theater with approximately 2,000 seats, features the internationally acclaimed The House of Dancing Water show. The House of Dancing Water is the live entertainment centerpiece of the overall leisure and entertainment offering at City of Dreams. Altira Macau The Altira Macau site is located on a plot of land in Taipa, Macau of approximately 5,230 square meters (equivalent to approximately 56,295 square feet). Altira Macau is designed to provide a casino and hotel experience that caters to Asian rolling chip customers and players sourced primarily through gaming promoters. As of December 31, 2013, Altira Macau featured a casino area of approximately 173,000 square feet with a total of approximately 140 gaming tables. Altira Macau’s multi-floor layout comprises primarily designated gaming areas and private gaming rooms for rolling chip players, together with a general gaming area for the mass market that offers various table limits to cater to a range of mass market patrons. Altira Hotel is located within the 38-storey Altira Macau. The top floor of the hotel serves as the hotel lobby and reception area, providing guests with views of the surrounding area. The hotel comprises approximately 230 guest rooms, including suites and villas. Various restaurants and dining facilities are available at Altira Macau, including an Italian restaurant Aurora, various Chinese and international restaurants, dining areas focused around the gaming areas and various bars. Altira Hotel also offers non-gaming entertainment venues, including a spa, gymnasium, outdoor garden podium, and sky terrace

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MAS Competitors

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Wynn Macau Ltd $31.00 HKD -0.10
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MAS

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Valuation MAS Industry Range
Price/Earnings 22.1x
Price/Sales 3.4x
Price/Book 4.2x
Price/Cash Flow 15.9x
TEV/Sales 2.3x
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