1. One of only six to hold a consession or sub-consession for gaming in Macau, China.
2. Holds great deal of land in Macau - very limited land left providing a barrier to entry from competition in Macau. Some real estate-minded investors still believe the company's valuation is too low...could create a REIT, to unlock some of the company's real estate value.
3. Has three prong approach on gaming in Macau. Will cater to Low, Mid, and High style gamblers. Visitor count continues to explode year over year.
4. MPEL's future operations:
Crown Macau - Construction kicked off in 12/04, with a target opening
in 2nd quarter of 2007.
While all current Macau casinos and hotels target the day trip and
weekend traveler, the Crown Macau will target the high roller and
those seeking luxury accommodations.
City of Dreams - Construction kicked off in the 2nd quarter of 2006,
with opening target for first phase in late 2008. The first phase will
include all casino operations, retail space and two of the four
planned hotels. The 2nd phase, consisting of the other two hotels, is
targeted for completion in the 2nd quarter of 2009. Unlike the Crown
Macau, the target market is the mass market patron.
City of Dreams, consisting of: (1) a luxury premium hotel designed
with the aim of exceeding the average five-star hotel in Macau to be
operated under the Crown Towers brand by us with approximately 260
rooms, suites and villas; (2) two hotels to be operated under the
Grand Hyatt and Hyatt Regency brands with a total of approximately 970
rooms and suites; and (3) a themed hotel to be operated under the Hard
Rock brand with approximately 380 rooms and suites. The complex will
also feature a performance hall that will be designed and built to the
specifications of Dragone Entertainment GmbH, or Dragone, and which is
expected to offer world-class performance shows. The complex will also
feature an upscale shopping mall and a wide variety of mid- and high-
end food and beverage outlets.
Mocha Clubs - slot-only clubs or locals casino in an upscale
atmosphere. Works with Melco subsidiary to deploy latest developments
in both gaming and non-gaming service. Mocha Clubs can rapidly capture
market share with minimal capital expenditure. Some Mocha Clubs have
dealer-less table games and other exclusives not found anywhere
else...Some Mocha clubs provide food ordered via touch screen
terminals at the table and served only by runners. The table terminals
include casino games, card games and video information on MelcoPBL
properties and other paid advertising.
Non-MelcoPBL owned Casinos - over 500,000 sqaure feet of gaming halls
run by MelcoPBL by the end of 2008.
Macau Peninsula site - If purchase is completed, MPEL would begin
construction on a project for a mixed-use casino and hotel facility
targeted primarily at day-trip gaming patrons, and target its opening
in 2009/2010.
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