FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of October 2008
Commission File Number: 001-33178
MELCO CROWN ENTERTAINMENT LIMITED
36th Floor, The Centrium
60 Wyndham Street
Central
Hong Kong
(Address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate
by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No þ
If
Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82- N/A
MELCO CROWN ENTERTAINMENT LIMITED
Form 6-K
TABLE OF CONTENTS
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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MELCO CROWN ENTERTAINMENT LIMITED
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By: |
/s/ Simon Dewhurst |
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Name: |
Simon Dewhurst |
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Title: |
Executive Vice President and Chief Financial Officer |
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Date: October 17, 2008 |
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Exhibit 99.1 - Press Release
Exhibit 99.1
MPEL Provides an Update of
Construction Progress and Financing at City of Dreams
New York, October 17, 2008 Melco Crown Entertainment Limited (NASDAQ: MPEL) (MPEL), seeks to update the status of progress at City of Dreams, its flagship integrated
casino hotel resort development in Macau, in response to recent turbulence in global financial
market conditions and certain press reports.
City of Dreams remains fully on target to open to the public during the first half of 2009.
Construction activity will be maintained at maximum capacity through the end of 2008 to deliver the
construction timetable to completion. Our projected budget for phases
one and two of City of Dreams also remains unchanged.
Full financing is in place to complete the first and second phases of development at City of
Dreams. MPEL currently has over US$1.1 billion cash on hand, having successfully drawn down
approximately US$663 million in the past month under its US$1.75 billion senior secured facilities.
Subject to satisfaction of the relevant conditions precedent, a further US$570 million remains
available for drawdown under the existing loan facilities as required to meet any future financing
needs for the completion of the first two phases of development of City of Dreams.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases,
forward-looking statements can be identified by words or phrases such as may, will, expect,
anticipate, target, aim, estimate, intend, plan, believe, potential, continue,
is/are likely to or other similar expressions. MPEL may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission,
in its annual report to shareholders, in press releases and other written materials and in oral
statements made by its officers, directors or employees to third parties. Statements that are not
historical facts, including statements about MPELs beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those contained in any forward-looking
statement, including but not limited to the following: growth of the gaming market and visitation
in Macau; finalization of credit facilities to finance construction of projects; the completion of
the construction of our hotel casino resort projects; our acquisition and development of the Macau
Peninsula site; increased competition and other planned casino hotel and resort projects in Macau
and elsewhere in Asia; the completion of infrastructure projects in Macau; government regulation of
the casino industry; our ability to raise additional financing; the formal grant of a land
concession for the City of Dreams site on terms that are acceptable to us and obtaining approval
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from the Macau government for an increase in the developable gross floor area of the City of Dreams
site; the formal grant of an occupancy permit for City of Dreams; our anticipated growth
strategies; and our future business development, results of operations and financial condition.
Further information regarding these and other risks is included in our Annual Report on Form 20-F
filed on April 9, 2008 and other documents filed with the Securities and Exchange Commission. MPEL
does not undertake any obligation to update any forward-looking statement, except as required under
applicable law. All information provided in this press release is as of the date of this release,
and MPEL undertakes no duty to update such information, except as required under applicable law.
About Melco Crown Entertainment Limited
MPEL is a developer, owner and, through its sub-concession holding company, an operator of casino
gaming and entertainment casino resort facilities in Macau. Its first property, Crown Macau
(www.crown-macau.com), opened in 2007. Other development projects include City of Dreams, an
integrated urban casino resort located in Cotai, Macau. MPELs business also includes the Mocha
Clubs (www.mochaclubs.com), which feature a total of approximately 1,100 gaming machines and
comprise the largest non-casino based operations of electronic gaming machines in Macau. MPEL has
entered into an agreement, subject to certain conditions, to acquire a third development site on
the Macau Peninsula. For more information about MPEL, please visit www.melco-crown.com.
MPEL has strong support from both of its major shareholders, Melco International Development
Limited (Melco) and Crown Limited (Crown). Melco is a listed company on the Hong Kong Stock
Exchange and is substantially owned and led by Mr. Lawrence Ho, who is Co-Chairman and the CEO of
MPEL. Crown is a top-50 company listed on the Australian Stock Exchange and led by Executive
Chairman James Packer, who is also Co-Chairman and a Director of MPEL.
Investor Inquiries:
Geoffrey Davis, CFA
Senior Vice President, Corporate Finance
Tel: +1 212 671 1936
Email: geoffreydavis@melco-crown.com
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