I don't think money laundering is anything new. To wit, and in...

I don't think money laundering is anything new. To wit, and in any case, the move to broaden the revenue stream from pure gambling to more "family friendly" entertainment and shopping in Macau is a good thing.


News Analysis on: Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL),
Sep 16, 2015Sheila BurnfordBusiness & Finance0

On Tuesday, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)’s shares inclined 2.12% to $17.33.
Studio City International Holdings Limited, a company in which Melco Crown Entertainment Limited (MPEL) owns a 60% interest and Taubman Asia, a partner of U.S. mall REIT, Taubman Centers, Inc. (TCO), unveiled an all-star lineup of fashion brands that will open doors at Macau’s latest, and arguably, best curated retail space, The Boulevard at Studio City.
The Boulevard at Studio City will bring an unparalleled shopping experience to Asia’s entertainment capital, Studio City. Unlike any retail offering to be found in Asia, the unique 35,000-square-meter ‘immersive’ retail entertainment environment brings shopping to life by ‘transporting’ visitors to high-energy street-scapes and entertaining them at every turn with featured streets and squares inspired by iconic shopping and entertainment locations, counting New York’s Times Square and Hollywood’s Beverly Hills. At the futuristic Times Square Macau, inside The Boulevard at Studio City, a variety of entertainment from ‘virtual’ musicians to film stars will be shown through holographic projections.
A first-of-its-kind in Macau, The Boulevard at Studio City is the ‘go to’ destination in Macau, showcasing sophisticated, prestigious fashion brands as befits a trendsetter. It promises to deliver a mix of premium contemporary and bespoke offerings for the discerning consumers, in a Hollywood glamor-inspired environment, where fashion is the focus.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.