Published
Land-BasedCasino

Phillipines net loss for Melco Crown

Melc

GenericCasino
o 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.

Asia News Sponsor
Premium+ Connections
 
Premium

Imagine Live

 
Premium

RISK

 
Premium

GammaStack

 
Premium

Lynon

 
Premium

Digitain

 
Premium

Galaxsys

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...