Lawrence Ho takes control of Melco Crown Entertainment

Lawrence Ho boss of Melco

James Packer scaling back his share in MCE James Packer and his company Crown Resorts have sold some 155 million shares in the joint venture with Macau based casino company Melco Crown Entertainment (MCE) to partner Lawrence Ho. The sale reaping some $800 million for Crown now makes Lawrence Ho and Melco International the biggest single shareholder More...

by Claire | Published 19 hours ago
Lawrence Ho boss of Melco
By Debbie On Tuesday, May 3rd, 2016
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Lawrence Ho “tough times to continue” for now

Lawrence Ho boss of Melco Melco International Development boss Lawrence Ho who with James Packer operate Melco Crown Entertainment in Macau along with other ventures said in its annual report that the company believed More...

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By Staff On Tuesday, May 3rd, 2016
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Macau: Louis XIII Hotel now just named “The 13″

Artists impression of the interior of the hotel The much anticipated opening of The Louis XIII Hotel in Macau will now not happen as the owners have now switched names of the luxury hotel to just “The 13” and More...

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By Gaming Awards On Monday, May 2nd, 2016
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Macau April revenues better than expected

The world’s largest gambling hub Macau posted a 9.5% drop in revenues for April signalling the 23rd consecutive month of declines for gaming operators there. However the decline in April revenues were better than More...

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By Debbie On Wednesday, April 27th, 2016
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Galaxy Entertainment show lucky Q1 results

Galaxy Entertainment winning the Asia Operator award in 2015 Macau gaming operator Galaxy Entertainment reported their first Q1 results for 2016 showing a fall of 2% from the same quarter last year to HKD13.4 billion More...

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By Staff On Friday, April 15th, 2016
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Mass gaming market falls nearly 5% in Macau for Q1

Macau suffered a near 5% fall in mass market gaming revenues in the first quarter of 2016 and over the year has fallen 27% damaging the hope that mass market customers would increase to bolster the dwindling VIP More...

Casino Lisboa in Macau
By Claire On Wednesday, April 13th, 2016
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Overcapacity in Macau by 2017 a real possibility

The world’s largest gambling hub could be at overcapacity by 2017 according to a report by leading investment bank Morgan Stanley. With 750 new gaming tables expected to be open within the next 12 months along More...

City of Dreams Manila
By Claire On Wednesday, April 13th, 2016
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City of Dreams Manila reports annual loss

City of Dreams Manila Melco Crown Entertainment announced a sharp drop in losses for its casino resort venture in the Philippines with the 2015 showing a 45% fall in losses to $259 million for the year. The joint More...

Michael-Leven
By Claire On Wednesday, April 13th, 2016
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Michael Leven leaves Las Vegas Sands

Michael Leven Michael Leven has retired from both the Las Vegas Sands Board and also from Sands China with immediate effect. The long standing figure within Sands who at 77 years old was instrumental in the expansion More...

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By Staff On Tuesday, April 5th, 2016
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Macau March revenues down making 22nd straight month

Macau March revenues were lower than analyst’s had estimated with the world’s largest gambling hub seeing a fall of 16.3% from last year to $2.3 billion reported the Macau Gaming Inspection and Coordination More...