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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Melco to announce 4Q11 results next week


Posted: 2/2/2012 3:56:03 PM
Rating:     100% (4 votes)
  

Melco Crown Entertainment Ltd. announced it will file its fourth quarter and full year results for 2011 on February 9.

The announcement will be followed by a conference call at 8:30am Eastern Time (9:30pm Macau time).

Melco reported net income of US$113.3 million (MOP906 million) for the third quarter of 2011, compared with US$15.8 million a year ago.

Net revenue for the third quarter of 2011 was US$1.06 billion, representing an increase of approximately 45 percent year-on-year.



Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate
Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

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