DALLAS, Dec. 15, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Melco Crown Entertainment Ltd. (Nasdaq:MPEL). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.investorsoup.com/lp/MPEL
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Melco Crown Entertainment Limited (MPEL), formerly Melco PBL Entertainment (Macau) Limited, is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Company owns and operates Crown Macau resort that features a casino area of approximately 183,000 square feet with approximately 255 gaming tables and 95 gaming machines, as well as hotel rooms, fine dining and casual restaurants, recreation and leisure facilities, and meeting facilities; Mocha Clubs, which provide single-player machines with various games, including progressive jackpots; and multi-player games where players on linked machines play against each other in electronic roulette, baccarat, and sicbo. As of March 9, 2009, the company operated eight Mocha Clubs in Macau with a total of approximately 1,345 gaming machines.
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In the report, the analyst notes:
"For the third quarter of 2009, net revenue was US$500.3 million, an increase of nearly 70% from US$295.2 million for the comparable period ending September 30, 2008. The increase in net revenue was driven by the opening of City of Dreams in June 2009.
"In late November MPEL announced the appointment of Todd Nisbet to its board of directors. Nisbet is currently serving as executive vice president of Design and Construction for Crown Limited, where he is responsible for all international project development and construction operations. From 2000 through 2007, Nisbet was executive vice president - project director for Wynn Design and Development, the development subsidiary of Wynn Resorts, Limited. In this role, Nisbet was responsible for all project development and construction operations undertaken by Wynn Resorts, Limited, including Wynn Las Vegas and Wynn Macau."
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