Studio City International Holdings Limited announced today that the
Macau government has authorized Studio City’s gaming operator,
Melco Crown (Macau) Limited, to operate 250 new gaming tables and
1,233 new gaming machines at the Studio City gaming areas, of which
200 gaming tables and 1,233 gaming machines may be in operation
upon the opening of Studio City with the remaining 50 gaming tables
authorized to be in operation beginning in January 2016. Studio
City’s gaming operator is a Macau gaming subconcessionaire and a
member of Melco Crown Entertainment.
Following the table allocation confirmation, Studio City intends
to proactively engage the lenders under its senior credit
facilities to discuss proposed amendments to the terms of its loan
documentation to reflect the number of tables allocated.
Studio City, a Hollywood-inspired integrated resort located in
Macau, will offer visitors a truly diverse mix of World-class
entertainment and other non-gaming attractions which support
Macau’s evolution in to the leading leisure and tourism destination
in Asia. It will also offer unprecedented non-gaming careers for
local Macau employees. The resort will officially open on
October 27, 2015, as previously announced.
Studio City – This is Entertainment.
For further information on Studio City, please
visit: www.studiocity-macau.com, follow us on Sina Weibo at
www.weibo.com/studiocity, and like us on Facebook at
http://www.facebook.com/studiocitymacau.
For our latest press releases, visuals and multimedia, please
visit: www.studiocitymacaumedia.com
Safe Harbor Statement
This release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. The Company may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) growth of the gaming market
and visitation in Macau and the Philippines, (ii) capital and
credit market volatility, (iii) local and global economic
conditions, (iv) our anticipated growth strategies, (v) gaming
authority and other governmental approvals and regulations and (vi)
our future business development, results of operations and
financial condition. In some cases, forward-looking statements can
be identified by words or phrases such as “may”, “will”, “expect”,
“anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”,
“design”, “on track”, “believe”, “potential”, “continue”, “is/are
likely to” or other similar expressions. Further
information regarding these and other risks, uncertainties or
factors is included in the Company’s filings with the SEC. All
information provided in this release is as of the date of this
release, and the Company undertakes no duty to update such
information, except as required under applicable law.
About Melco Crown Entertainment
Limited
Melco Crown Entertainment, with its American
depositary shares listed on the NASDAQ Global Select Market
(NASDAQ:MPEL), is a developer, owner and operator of casino gaming
and entertainment casino resort facilities in Asia. Melco Crown
Entertainment currently operates Altira Macau
(www.altiramacau.com), a casino hotel located at Taipa, Macau and
City of Dreams (www.cityofdreamsmacau.com), an integrated urban
casino resort located in Cotai, Macau. Melco Crown Entertainment’s
business also includes the Mocha Clubs (www.mochaclubs.com), which
comprise the largest non-casino based operations of electronic
gaming machines in Macau. The Company is also developing the
planned Studio City (www.studiocity-macau.com), a
cinematically-themed integrated entertainment, retail and gaming
resort in Cotai, Macau. In the Philippines, Melco Crown
(Philippines) Resorts Corporation’s subsidiary, MCE Leisure
(Philippines) Corporation, currently operates and manages City of
Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail
and entertainment integrated resort in the Entertainment City
complex in Manila. For more information about Melco Crown
Entertainment, please visit www.melco-crown.com.
Melco Crown Entertainment has strong support
from both of its major shareholders, Melco International
Development Limited (“Melco”) and Crown Resorts
Limited (“Crown”). Melco is a listed company
on the Main Board of The Stock Exchange of Hong Kong Limited and is
substantially owned and led by Mr. Lawrence Ho, who is Co-Chairman,
an Executive Director and the Chief Executive Officer of Melco
Crown Entertainment. Crown is a top-50 company listed on the
Australian Securities Exchange and led by Mr. James Packer, who is
also Co-Chairman and a Non-executive Director of Melco Crown
Entertainment.
About Studio City
Studio City, when it opens, is set to take
Macau’s entertainment destination proposition to unprecedented new
levels, by providing a ‘next generation’ of outstanding
entertainment-driven leisure destination experiences that will help
the territory’s evolution into a truly international tourism
center.
The Hollywood-themed studio-concept resort is a
thrilling new cinematic inspired entertainment and leisure
destination and is designed to be the most diversified
entertainment offering in Macau. Ideally located on Cotai,
close to the Lotus Bridge immigration point connecting Hengqin
Island and a future station-point for the Macau Light Rapid
Transit, Studio City will deliver more world-class entertainment
amenities than any integrated resort in the market.
Studio City’s stunning Art Deco facade includes
the “Golden Reel”, the world’s highest figure-8 Ferris wheel which
straddles the resort’s two-tower hotel at a height of some 130
meters. The integrated resort will provide the ultimate in
sophisticated leisure entertainment, hotel, retail, dining and
lifestyle experiences.
The resort’s innovative entertainment offerings
include “Studio City Event Center”, a 5,000-seat multi-purpose
entertainment center designed to host live concerts, theatrical and
sporting events; and “Studio 8”, a 300-seat live-audience TV
broadcast studio for reality and game-show productions distributed
in the Asia region. The entertainment experiences also include a
magic theater “The House of Magic” and a Warner Bros. Batman-themed
4D flight simulation “Batman Dark Flight”, a 40,000-square-foot
family entertainment center “Warner Bros. Fun Zone” for kids filled
with Warner Bros.’ and DC Comics’ franchise characters and
play-rides, together with “Pacha Macau” which will bring
Ibiza-style nightlife to Macau.
Studio City is destined to deliver an
unparalleled leisure entertainment and hospitality experience,
strengthening the depth and diversity of Macau’s leisure, business
and tourism proposition as a leading visitor destination in
Asia.
For further information on Studio City visit:
www.studiocity-macau.com and follow us on Sina Weibo at
www.weibo.com/studiocity.
For investment community, please
contact: |
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Ross Dunwoody |
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Vice President, Investor Relations |
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Tel: +853 8868 7575 or +852 2598 3689 |
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Email: rossdunwoody@melco-crown.com |
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For media enquiry, please
contact: |
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Melco Crown Entertainment |
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Brunswick Group Ltd |
Maggie Ma |
|
Katharine Crallé – Hong Kong |
Senior Vice President, Corporate Communications
and Public Relations |
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Tel: +852 9850 9023 |
Tel: +853 8868 3767 or +852 3151 3767 |
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Email: KCralle@brunswickgroup.com |
Email: maggiema@melco-crown.com |
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Assheton Spiegelberg – U.S. |
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Tel: +1 (214) 205 6805 |
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Email: ASpiegelberg@brunswickgroup.com |
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