Melco Crown (MPEL) Misses Q1 EPS by 8c

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Go back to Melco Crown (MPEL) Misses Q1 EPS by 8c

Melco Crown Entertainment Announces Unaudited First Quarter 2015 Earnings

May 7, 2015 8:16 AM EDT

MACAU, May 7, 2015 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited ("Melco Crown Entertainment" or "the Company" or "we") (SEHK: 6883) (Nasdaq: MPEL), a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, today reported its unaudited financial results for the first quarter of 2015.

Net revenue for the first quarter of 2015 was US$1,054.3 million, representing a decrease of approximately 22% from US$1,357.3 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower group-wide rolling chip revenues and mass market table games... More