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 December 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.
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.
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.
|
|
|
|
|
|
MELCO CROWN ENTERTAINMENT LIMITED
|
|
|
By: |
/s/ Simon Dewhurst
|
|
|
Name: |
Simon Dewhurst |
|
|
Title: |
Executive Vice President and Chief Financial Officer |
|
|
Date: December 22, 2008
Exhibit 99.1 - Press Release
Exhibit 99.1
Melco Crown Entertainment Commits to Promoting Local Staff
and Joins Forces with the University of Science & Technology and
Technology Committee of Macao to Co-Develop Fast Track
Promotional Program
NEW YORK, 22 December 2008 Melco Crown Entertainment Limited (NASDAQ: MPEL) (MPEL), a gaming
and entertainment industry leader with deep roots in Macau, together with the Macao University of
Science & Technology (MUST) and Macao Technology Committee (Conselho de Ciência e Tecnologia, or
CTT) today announced the launch of Fast Track Promotional Program for local staff of Crown
Macau.
As one of the pioneers of Macaus gaming industry, MPEL has worked aggressively to cultivate and
develop local management talent. In line with these efforts, MPEL has joined forces with the
School of Continuing Study of MUST and CCT to offer a Fast Track Promotional Program for local
dealers and pit supervisors at Crown Macau.
Starting 29 December, the roughly three month program is designed to equip its participants with
valuable business skills and relevant technical knowledge, as well as provide comprehensive
leadership and management training. Employees who successfully complete the program are guaranteed
a promotion at City of Dreams or Crown Macau based on management allocation, together with an
increased salary on an annualized basis.
Over 300 Crown Macau team members, including 245 dealers and 79 pit managers, will participate in
this training program. The program demonstrates MPELs commitment to develop local management
talent and is supported by a meaningful allocation of scarce resources into the advancement of
local staff. MPEL is pleased to support those employees who are committed to investing in their own
careers with MPEL.
Mr. Lawrence Ho, Co-Chairman and CEO of MPEL, said, Over the years, we have sought to develop
innovative training opportunities for our staff. By training and promoting talent from the local
workforce, we aim to localize our core management structure in the long run. Our Fast Track Promotional Program is designed to help drive these initiatives and will also help
us to groom our next generation of managers. We are confident that our efforts will contribute to
the sustainable development of the Macau gaming industry and the betterment of local community.
MPEL remains committed to its previously stated goal to have over 50% of its senior management
positions held by local Macau people within the next three years.
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
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, a NASDAQ listed company, 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 1,150
gaming machines in eight locations 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
+1 212 671 1936
geoffreydavis@melco-crown.com