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TheStreet Open House

Melco Crown Entertainment Ranked On The Forbes Asia's Fab 50 List

Stocks in this article: MPEL

MACAU, Aug. 29, 2013 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited ("Melco Crown Entertainment" or "the Company") (SEHK:6883) (Nasdaq:MPEL), a developer, and through licensed subsidiaries, operator of casino gaming and entertainment resort facilities in Asia, announced today that it has been included on the Forbes Asia's "Fabulous 50" list ("Forbes Asia's Fab 50") for 2013, ranking the best big companies in the region.

Forbes Asia's Fab 50 companies are the best of Asia Pacific's biggest publicly-traded companies, with at least US$3 billion in annual revenue or market capitalization. Companies are selected from a pool of 1,220 companies according to several criteria, including revenue, earnings, return on capital, share-price movements and outlook. The 50 chosen companies represent the region's best of the best, reflecting solid financial track records and great management and entrepreneurial skill.

Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, said, "We are very honored to be listed on the Forbes Asia's Fab 50 list among Asia's most elite companies. This is prestigious recognition of our success in the last year in which we achieved record-breaking results driven by our operational excellence and bold innovation. We continue to make significant advances in Macau and across Asia by introducing innovative, world-class entertainment and leisure attractions which further enhance the integrated resort experience.

"Over the years, we have continually marched towards realizing our company's vision of becoming a leading gaming and entertainment company in Asia. This started with Altira Macau in 2007, followed by our first integrated resort in Macau, City of Dreams, which opened in 2009. Next, we will expand our presence in Macau with the development of Studio City and our fifth hotel tower at City of Dreams, and we are setting our sights on a wider horizon across Asia, beginning with our new integrated resort complex in Manila. Being one of the Asia's leading entertainment companies, we are replicating our success in Macau with an aim to shape a more exciting entertainment industry throughout Asia in the future.

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