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Macau February Gambling Revenue Up 48% At Record MOP19.86 Billion

HONG KONG -(Dow Jones)- Gambling revenue in Macau leapt 48% in February from a year earlier, government statistics issued Tuesday show, as mainland Chinese visitors to the territory helped push revenue to a record high. Gambling revenue rose to a record MOP19.86 billion (US$2.47 billion) during the month, from MOP13.45 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. The figure broke the previous monthly record of MOP18.88 billion, hit in December 2010. Revenue growth in February was faster than the 33% rise recorded in January but slower than the 58% surge for all of 2010 because of a higher comparison base. Macau's gambling revenue has made a dramatic recovery since the end of 2009, as the city came roaring back from the global economic downturn, a swine flu outbreak and mainland China visa restrictions in the first half of 2009. The fresh record gambling revenue comes despite Beijing and Macau officials urging the city to diversify its economy away from the lucrative casino business and efforts by the local government to tame the industry's growth. -By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com

Stock News for Melco Crown Entertainment Limited (MPEL)
DateTimeHeadline
03/25/201516:34:02Losing Streak Not Over Yet -- 3 Alarming Trends in Macau
03/25/201510:45:55Report of Foreign Issuer (6-k)
03/25/201510:32:26Report of Foreign Issuer (6-k)
03/24/201519:05:01The Best Casinos for 2015: Why Las Vegas Bets Aren't Winners
03/23/201508:58:22Local officials in Macau flex their muscles
03/20/201509:46:30Why Brean Capital Suggests You Bet on Black With Macau Casino...
03/19/201508:54:54Bull call on Macau gaming from Brean Capital
03/19/201504:08:37Macau Has Reached Peak Gaming Revenue
03/13/201506:42:33Report of Foreign Issuer (6-k)
03/09/201508:35:24JPMorgan calls a bottom on Melco Crown
03/05/201507:16:29Premier Keqiang tips further corruption crackdown in China
03/03/201507:26:55Report of Foreign Issuer (6-k)
02/12/201521:19:43Melco Crown Entertainment: 4Q 2014 Net Revenue US$1.12 Billion...
02/12/201508:09:19Melco Crown Entertainment Announces Unaudited Results for the...
02/12/201508:07:36Report of Foreign Issuer (6-k)
02/12/201508:02:58Report of Foreign Issuer (6-k)
02/03/201513:01:00Dreams Start For City Of Dreams Manila
02/02/201511:40:00City of Dreams Manila Brings New Era of Leisure and Entertainment...
02/02/201506:48:00City of Dreams Manila Officially Opens
02/02/201506:11:29Statement of Ownership (sc 13g)

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