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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
04/26/201503:21:40Nomura Reiterates "Sell" Rating for Melco Crown Entertainment...
04/24/201507:22:01Melco Crown Entertainment Announces Earnings Release Date
04/24/201506:38:22Report of Foreign Issuer (6-k)
04/24/201506:35:28Report of Foreign Issuer (6-k)
04/24/201504:33:46Nomura Lowers Melco Crown Entertainment to Reduce (MPEL)
04/16/201503:34:06Melco Crown Entertainment and Taubman Asia Announce Plans for...
04/15/201518:20:03Macau's Casinos May Take Another Hit From China
04/15/201506:54:27Annual and Transition Report (foreign Private Issuer) (20-f)
04/15/201506:43:19Report of Foreign Issuer (6-k)
04/15/201506:40:19Report of Foreign Issuer (6-k)
04/09/201511:29:28Big move in Macau stocks as operators eye new markets
04/08/201516:20:02The One Casino Company to Buy Today
04/03/201508:22:23Macau casino market share leaders
04/03/201501:48:15Macau: Six Times Bigger Than Vegas, With Six Times The Opportunity
03/31/201508:23:41Report of Foreign Issuer (6-k)
03/31/201504:19:09Melco Crown Could Still See Meaningful Downside
03/26/201518:51:20Why Melco Crown Entertainment's Sell-Off May Be Overdone
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)

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