Phillipines net loss for Melco Crown

By Gareth Bracken
Melco Crown Philippines suffered a net loss of 9.14bn pesos (approx US$199m) in 2015.

The figure represents a 45% increase on the 2014 net loss of 6.3bn pesos.

Gross revenue for 2015 sits at 13.73bn pesos but gross expenses have hit 22.85bn pesos.

Melco Crown entered the Phillipines market in late 2014 with the opening of City of Dreams Manila.

City of Dreams Manila is an integrated casino resort boasting three luxury hotels and DreamPlay, a DreamWorks-inspired family interactive entertainment offering.

Melco Crown Philippines is a joint venture between Belle Corporation, a subsidiary of SM Investments Corporation, and Melco Crown Entertainment.

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