Inside Asian Gaming

INSIDE ASIAN GAMING | December 2013 22 Insights M elco Crown Entertainment has established itself as a leader in Macau’s coveted premium-mass segment at its flagship resort, City of Dreams, and is on track with its local expansion plans. The company’s second Cotai resort, Studio City, is slated for a mid-2005 opening and construction on a fifth hotel tower at CoD is moving forward. Regional expansion is also on the cards for MCE. Through its Melco Crown Philippines subsidiary it has partnered with the Philippines’ richest man, retail and property tycoon Henry Sy, on the development of a US$1.1 billion mixed-use resort with a casino— City of Dreams Manila—to open inmid-2014 as the second of four IRs licensed for Manila’s Entertainment City resort complex. It will feature 1,000 hotel rooms and suites, 1,900 electronic gaming machines, 350 table games and what promises to be a vibrant assortment of non- gaming attractions. Inside Asian Gaming asked Melco Crown Entertainment Co- Chairman and CEO Lawrence Ho about his company’s positioning and development pipeline. Leaping Forward Melco Crown Entertainment is in expansion mode in Macau and the Philippines. Co-Chairman and CEO Lawrence Ho talks at large about the company’s plans and place in the market “Targeting the premium mass market segment, City of Dreams will continue to create more fascinating gaming, dining, shopping and entertainment experiences to cater to a wide array of customers who are seeking a broader leisure experience.” Melco Crown Entertainment Co-Chairman and CEO Lawrence Ho