Melco Crown says mass market helped drive Q3 revenue up

Melco Crown says third-quarter revenue rose 24 percent to US$1.25 billion, driven by improved gaming performance, particularly in the mass market segment at the City of Dreams. 

Adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, rose 39 percent to $315.2 million, that’s less than the $328 million consensus forecast. At the City of Dreams gross gaming revenue from mass table games rose 73 percent. “The Macau market has delivered impressive growth year-to-date across all gaming segments, showing the market’s unique position to cater to the expanding Asian middle class and, in particular, the inevitable shift to a consumer-led economy in China,” Co-Chairman and CEO Lawrence Ho said in a statement.