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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
08/29/201608:36:59Report of Foreign Issuer (6-k)
08/29/201608:27:41Report of Foreign Issuer (6-k)
08/04/201608:11:44Melco Crown Entertainment Announces Unaudited Second Quarter...
08/04/201608:06:56Report of Foreign Issuer (6-k)
08/03/201606:30:03Report of Foreign Issuer (6-k)
08/01/201606:45:01Melco Crown Entertainment Announces Earnings Release Date
08/01/201606:21:48Report of Foreign Issuer (6-k)
07/25/201606:38:55Report of Foreign Issuer (6-k)
07/20/201608:10:00Technical Data on Resorts & Casinos Stocks -- Melco Crown Entertainment...
07/11/201606:37:44Report of Foreign Issuer (6-k)
06/17/201607:40:00What Investors are Making of These Resorts & Casinos Stocks?...
06/17/201606:59:16Report of Foreign Issuer (6-k)
05/31/201606:17:02Report of Foreign Issuer (6-k)
05/31/201606:15:42Report of Foreign Issuer (6-k)
05/18/201607:13:51Report of Foreign Issuer (6-k)
05/18/201607:12:12Report of Foreign Issuer (6-k)
05/09/201623:50:27Studio City Netted Top Prizes with Cinematic Powers at Brand...
05/04/201608:17:11Melco Crown Entertainment Announces Unaudited First Quarter 2016...
05/04/201608:02:52Report of Foreign Issuer (6-k)
05/04/201607:14:59Report of Foreign Issuer (6-k)

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