In an apparent effort to boost its standing in the analyst community, Nasdaq-listed Melco Crown Entertainment has been accepted as a member of Nasdaq’s Global Select Market.
The tier within the Nasdaq index was created in July 2006 and has higher standards in terms of company finance and liquidity than for the main bourse.
The company will maintain its existing MPEL ticker.
Melco Crown’s City of Dreams integrated casino resort on Cotai is due to open in the first half of 2009.