World Leading Architectural Design
– Perfectly Balancing Simplicity with
Sustainability
Melco Crown Entertainment Limited (Nasdaq:MPEL) (“
Melco
Crown Entertainment,” “
MCE,” the
“
Company” or “
we”), a developer,
owner and operator of casino gaming and entertainment casino resort
facilities in Asia, today unveiled the inspiration behind the
potential concept of its integrated resorts in Japan, and
reaffirmed its commitment to collaborate with potential host cities
and the national government on the development of unique and
exciting world-class integrated resorts that celebrate the
best of Japan and its culture.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/27a18bf9-6f5e-4353-ad9a-667bfadc33d4http://www.globenewswire.com/NewsRoom/AttachmentNg/3c212c73-e946-4efb-a139-df1a7b290841http://www.globenewswire.com/NewsRoom/AttachmentNg/2345e5de-f36f-48c2-a6e1-742398156036http://www.globenewswire.com/NewsRoom/AttachmentNg/67410d56-52d3-4646-b475-79ff2feedf58
Mr. Lawrence Ho, Chairman and Chief
Executive Officer of MCE said, “Melco Crown Entertainment
has always had a keen interest in Japan. Indeed, I personally,
together with my executive management team, have been closely
looking at this market for over a decade. We are thrilled by the
active approach of the Japanese government on the recently passed
integrated resort legislation.”
Talking about his company, Mr.
Ho said, “Melco Crown Entertainment’s integrated resort
properties and facilities have always been the pride of the cities
where we operate. We are never content to replicate past successes
but focus on developing world-class integrated resorts that
celebrate the culture and uniqueness of our partner cities. Our
innovation and 5-star-plus service culture have garnered many
international and Asian awards and recognition, as validated by the
fact that we have the most Michelin-starred restaurants and the
most Forbes five-star hotel facilities in Macau.”
In regards to the concern on potential social
issues related to the IR development, Ho continued, “The operation
of integrated resorts is a highly regulated industry. With
integrated resorts in multiple jurisdictions, Melco Crown
Entertainment has consistently demonstrated its industry leadership
in respect of social safeguards and has upheld the highest
standards of corporate governance and social responsibility. The
Company has widely-recognized responsible gaming programs that
proactively educate the public and its employees, protect against
problem gambling, and guard communities against criminal
elements.”
“Our commitment in Japan is for the long term.
MCE is excited and honored to have the opportunity to take part in
this transformational moment for Japan. We are determined to work
with the Japanese government and local partners and communities to
create the city’s first integrated resort which delivers long
lasting benefits to Japan. As I have said, there currently is no
predetermined cap on our intended investment in Japan; our focus is
on uniqueness, great design and world-class entertainment
offerings. I prefer not to constrain our dreams, ambitions, passion
and commitment in Japan with price tags, particularly at this early
stage. With our unsurpassed track record of developing and
operating highly sophisticated and truly unique integrated resorts
around the world, I am confident that MCE’s ultimate vision will
support the government’s aspirations for an integrated resort that
is unique to Japan and delights its people, as well as drawing
tourists from around the world.”
MCE’s Japan Integrated Resort Concept:
Most Original, Cutting-Edge and World-Leading Architectural
Design
Aspiring to create an unrivaled and innovative
integrated resort in Japan, Mr. Geoffrey Stuart Davis,
Executive Vice President and Chief Financial Officer of
the Company, gave a sneak peek of the inspiration behind the
potential concept of its integrated resorts for the locations in
Umekita and Yumeshima, Osaka and said, “Melco Crown Entertainment
has long been known for its innovative architectural designs that
thoughtfully and harmoniously reflect the culture and beauty of the
city’s landscape. In past years, we have explored several potential
locations in Osaka, Tokyo, and Yokohama. Today, I am pleased to
present our cutting edge destination concept. The design for
Umekita was the creation of the late Dame Zaha Hadid, DBE, who
embraced simplicity and sustainability. Her work would help create
an iconic new landmark in Japan. We are however open-minded as to
location, and respectfully look for guidance from the Japanese
government regarding the approach to building and operating
integrated resorts in Japan because we believe they know what is
best for the Japanese people and the national and local
economies.”
Mr. Davis also provided insights on the Japan
integrated resorts outlook and said, “We believe that a
culturally-sensitive, socially responsible, innovative integrated
resort operator who also recognizes the importance of collaboration
and partnership is the key element in an IR development. Melco
Crown Entertainment and its affiliates have a proven track record
in successful collaborations, including the Melco-Crown joint
venture which secured the last of only 6 casino licenses in Macau
back in 2006; a strategic partnership with SM/Belle Corporation,
the Philippines’ largest corporation and real estate developer, on
the IR development “City of Dreams Manila” in 2014; and as part of
a multinational consortium with Hard Rock International and Cyprus
Phasouri (Zakaki) Limited, member of the CNS Group, winning the IR
bid in 2016 to build and operate the first casino resort in Cyprus.
We have also teamed with many global brands – Warner Bros., DC
Comics, DreamWorks, NOBU, Franco Dragone, Tenmasa and Kanesaka.
Leveraging our successful relationships with different partners, we
hope to engage and closely collaborate with local partners and
communities in Japan, and will fully support the Japanese
government in creating a truly inspiring, world-class integrated
resort consistent with government’s visions."
"The introduction of world-class integrated
entertainment resorts will deliver enormous benefits to Japan,
including diversifying the tourism sector, encouraging business,
creating jobs and boosting local economic and social development.
These advantages would in turn contribute meaningfully to economic
growth and prosperity in Japan."
Melco Crown Entertainment – Innovating excitement for a
new age.
Safe Harbor Statement
This press 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 markets
and visitations 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”,
“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 press
release is as of the date of this press 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 also majority owns and
operates 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 is strongly supported
by its single largest shareholder, Melco International Development
Limited, a company listed on the Main Board of The Stock Exchange
of Hong Kong Limited and is substantially owned and led by Mr.
Lawrence Ho, who is the Chairman, Executive Director and Chief
Executive Officer of Melco Crown Entertainment.
The photos are also available at Newscom, www.newscom.com, and
via AP PhotoExpress.
For media enquiries, please
contact:Maggie MaChief Corporate Communications and
Corporate Affairs OfficerTel: +853 8868 3767 or +852 3151
3767Email: maggiema@melco-crown.com
For investment community, please contact:Ross
DunwoodyVice President, Investor RelationsTel: +853 8868 7575 or
+852 2598 3689Email: rossdunwoody@melco-crown.com
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Mar 2023 to Mar 2024