DALLAS, Sept. 2, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Melco Crown Entertainment Ltd. (Nasdaq:MPEL). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Melco Crown Entertainment Ltd. (MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Company owns and operates City of Dreams, Altira Macau, Mocha Clubs and Taipa Square Casino. Its other projects include City of Dreams phase II, Macau Studio City Project and Macau Peninsula Site.
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In the report, the analyst notes:
"For the second quarter of 2010, net revenue was US$573.6 million, representing an increase of approximately 166% from US$215.8 million for the comparable period ended June 30, 2009. Adjusted EBITDA was US$73.4 million for the second quarter of 2010, as compared with an Adjusted EBITDA loss of US$23.8 million in the second quarter of 2009.
"MPEL recently announced that they would donate MOP1,000,000 to the Liaison Office of the Central People's Government in the Macao SAR to support relief effort in Gansu Province after the rain-triggered mudslide hit Zhouqu County on August 8."
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