MACAU, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL) (" Melco Crown Entertainment" or the " Company" or " we"), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announced that Ted Chan, Chief Operating Officer ("COO") has resigned for personal reasons. Lawrence Ho said: "We thank Ted for his many contributions to the Company over the years, and we wish him all success in his future endeavors." Mr. Lawrence Ho, Chairman and Chief Executive Officer of the Company, confirmed that he will personally take on day-to-day operational leadership. Melco Crown Entertainment is not naming a replacement COO. The Company is using this opportunity to transform its leadership structure in a manner designed to streamline operations. Melco Crown Entertainment has been actively evaluating its operations to optimize financial performance with a focus on improving its marketing initiatives and creating a more efficient reporting structure. Lawrence Ho said: "Melco Crown Entertainment's recent performance has improved, but I believe we have many more near-term opportunities to drive growth and profitability. The new structure will allow for quicker decision making and reactions to a fast-changing market, which should make the company even more competitive in this challenging period of time," Lawrence continued. "I am confident that with the continuous support and dedication from the executive team and all of our colleagues, Melco Crown Entertainment will attain an even higher level of operational efficiency while creating innovative solutions to fulfill the ever-growing demand for a world-class entertainment and gaming experience by our existing and new customers."