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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
05/20/201508:51:25Melco Crown Entertainment Announces a 2015 Stock Repurchase Program
05/20/201508:11:37Report of Foreign Issuer (6-k)
05/20/201508:08:58Report of Foreign Issuer (6-k)
05/15/201503:16:55Warner Bros. Features DC Comics "Batman-Themed" Showcase and...
05/08/201505:44:40Stunning Entertainment-Inspired Studio City Showcase Unveiled...
05/07/201508:16:17Melco Crown Entertainment Announces Unaudited First Quarter 2015...
05/07/201508:02:25Report of Foreign Issuer (6-k)
05/07/201508:00:07Report of Foreign Issuer (6-k)
05/05/201500:18:00Melco Crown Philippines Proudly Becomes the First Gaming Operator...
05/02/201514:25:03Now Is the Time to Place Your Bet on This Casino Stock
05/02/201511:26:02Melco Crown Entertainment Ltd: Can the Philippines Save This...
05/01/201514:55:22Zacks Lowers Melco Crown Entertainment to Strong Sell (MPEL)
04/30/201510:50:03Melco Crown Entertainment Receives Buy Rating from TheStreet...
04/30/201507:51:50Report of Foreign Issuer (6-k)
04/28/201507:08:57Melco Crown Entertainment Lowered to Neutral at Goldman Sachs...
04/28/201505:05:00Macau's First Megaclub: Pacha Macau at Studio City
04/28/201504:21:38Melco Crown Entertainment Lowered to "Underweight" at Morgan...
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)

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