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Melco Crown third quarter loss narrows

Newsdesk by Newsdesk
Tue 18 Nov 2008 at 16:00
Melco Crown third quarter loss narrows
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Melco Crown Entertainment Ltd. said last week its third-quarter loss narrowed on more business from high-roller gamblers.

The net loss shrank to USD21.1 million or 1.6 cents a share, from a loss of USD45.2 million or 3.7 cents, a year earlier, the Hong Kong-based company said in a regulatory statement. Net revenue more than doubled to USD295.2 million.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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