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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:05 EDTMPELMelco Crown says Studio City project on track for mid-FY15 opening
Melco Crown announced that the development of the company's Studio City project is on track for a mid-FY15 opening. Studio City, the developer of Studio City, increased the Studio City construction budget by approximately $300M, from approximately $2B to approximately $2.3B. The shareholders of SCH have agreed to make available additional equity on a pro rata basis to partially fund such budget increase. It is anticipated that the remaining amount of such budget increase will be paid for out of previously funded equity commitments from such shareholders. The total development cost of the project will continue to be funded by a combination of equity contributions from shareholders, proceeds from the Studio City senior notes and project loan.
News For MPEL From The Last 14 Days
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December 19, 2014
09:04 EDTMPELMelco Crown identified as top 2015 gaming pick at Sterne Agee
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December 17, 2014
11:09 EDTMPELMacau gaming facts in SCMP article are not new, says JPMorgan
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December 16, 2014
15:37 EDTMPELChina to start crackdown on illicit funds to Macau, SCMP says
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December 9, 2014
13:06 EDTMPELMelco Crown management to meet with Sterne Agee
Meeting to be held in New York on December 11 hosted by Sterne Agee.

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