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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lvmh Moet Hennessy Louis Vuitton SE | AQEU:MCP | Aquis Europe | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -19.00 | -2.60% | 711.40 | 712.00 | 712.20 | 729.20 | 707.90 | 726.30 | 80,994 | 16:50:18 |
From Jun 2019 to Jun 2024
By Cris Larano
MANILA--Melco Crown Philippines Resorts Corp. (MCP.PH) reported Friday a wider second-quarter net loss of 1.82 billion pesos ($39.9 million) from 1.43 billion pesos, with income failing to keep pace with the increasing cost arising from the operation of its integrated resort and casino.
Second-quarter revenue jumped to 3.34 billion pesos from 23.7 million pesos in the year-earlier period. Over the same period, however, total expenses surged to 5.16 billion pesos from 1.45 billion pesos.
The subsidiary of NASDAQ-listed gaming firm Melco Crown Entertainment Ltd. opened in December the 6.2-hectare City of Dreams Manila, the second integrated resort and casino at Entertainment City, the Philippines' version of the Las Vegas Strip.
In the six months to June, Melco Crown Philippines' loss widened to 4.91 billion pesos from 2.40 billion pesos as expenses surged more than four times to 10.57 billion pesos. Total revenue in the first half climbed to 5.68 billion pesos from 45 million pesos in the year-earlier period.
Write to Cris Larano at cris.larano@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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