Melco Crown reports 71 percent revenue increase

Nov 11, 2013 7:05 PM

Reporting a 71 percent increase in its third quarter revenues, Melco Crown Entertainment Ltd. (MPEL) said its total earnings came to $0.33 per share, topping the $0.30 per share expected by analysts.

Total revenue was $1.25 billion while net income was $179.4 million.

Although the company operates several smaller casinos in Macau, the main contributor to its revenues and net profit was the company’s City of Dreams casino on the Cotai Strip.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

 GamingToday on Facebook      and         GamingToday on Twitter