Melco Crown Entertainment (MPEL) Reports In-Line Q1 EPS

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Melco Crown Entertainment Announces Unaudited First Quarter 2016 Earnings and Declares Quarterly Dividend

May 4, 2016 8:16 AM EDT

MACAU, May 04, 2016 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq: MPEL) (Melco Crown Entertainment or the Company or we), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today reported its unaudited financial results for the first quarter of 2016.

Net revenue for the first quarter of 2016 was US$1,103.6 million, representing an increase of approximately 5% from US$1,054.3 million for the comparable period in 2015. The increase in net revenue was primarily attributable to the net revenue generated by Studio... More

Melco Crown Entertainment Announces Privately Negotiated Share Repurchase

May 4, 2016 5:22 AM EDT

MACAU, May 04, 2016 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq: MPEL) (Melco Crown Entertainment or the Company), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, announced today that it entered into a share repurchase agreement with Crown Asia Investments Pty. Ltd. (CAI), a wholly-owned subsidiary of Crown Resorts Limited (Crown), pursuant to which it will repurchase 155,000,000 ordinary shares (equivalent to 51,666,666 American depositary shares) from CAI. The aggregate purchase price is $800,838,500, which represents a per share price of $5.1667 (equivalent to... More

Melco Crown Entertainment Announces Earnings Release Date

May 3, 2016 11:00 AM EDT

MACAU, May 03, 2016 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq: MPEL) (Melco Crown Entertainment or the Company), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announces that it will file its unaudited financial results for the first quarter of 2016 on Form 6-K with the U.S. Securities and Exchange Commission (SEC) on Wednesday, May 4, 2016, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time).

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