Melco Crown Entertainment Announces Voting Results of Its Annual General Meeting
March 29 2017 - 9:20AM
Melco Crown Entertainment Limited (Nasdaq:MPEL)
(“
Melco Crown Entertainment” or
the “
Company” or “
we”), a
developer, owner and operator of casino gaming and entertainment
casino resort facilities in Asia, today announced the voting
results of the Company’s annual general meeting (the
“
AGM”) held on March 29, 2017 in Macau.
At the AGM, our shareholders, through special
resolutions, approved the proposals which are described in detail
in the Company’s Notice of AGM filed with the Securities and
Exchange Commission on February 14, 2017. The voting results of the
proposals are set out below.
Proposal 1: Change of Company name
To approve the change of the Company’s English
name to “Melco Resorts & Entertainment
Limited” (the “Name Change”):
Votes For |
Votes Against |
Abstain |
1,276,065,778 |
227,898 |
3,607,005 |
Proposal 2: Approval of Memorandum and Articles
Amendment
To approve the adoption of the new amended and
restated memorandum and articles of association of the Company,
incorporating, amongst other amendments, the Name Change:
Votes For |
Votes Against |
Abstain |
1,275,299,734 |
794,589 |
3,786,537 |
The Name Change will take effect upon
registration of the Company’s new name by the Registrar of
Companies in the Cayman Islands. In connection with the Name
Change, the Company also announced its intention to change its
NASDAQ ticker symbol from “MPEL” to “MLCO.” The effective date of
the Name Change and the ticker symbol change will be announced in
the future.
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 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”,
“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.
For investment community, please contact:
Ross Dunwoody
Vice President, Development and Investor Relations
Tel: +853 8868 7575 or +852 2598 3689
Email: rossdunwoody@melco-crown.com
For media enquiries, please contact:
Maggie Ma
Chief Corporate Communications and Corporate Affairs Officer
Tel: +853 8868 3767 or +852 3151 3767
Email: maggiema@melco-crown.com
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