CR83-p58&59-Business 2&3:SJC-Casino Review 23/8/09 02:34 Page 2
Melco Crown attempts
$200m fundraising
SIGNS4U
Melco Crown is to offer at least 112.5m common shares
on the NASDAQ exchange in 37.5m American Depositary
YOUR EXPERTS IN CASINO SIGNAGE
Shares in an attempt to raise $200m (E140.6m) in order
to accelerate the repayment of the $1.75bn (E1.23bn) loan
that financed construction of City of Dreams. The shares
represent about seven per cent of the company’s equity.
Great Canadian’s
flagship resort, the
River Rock casino in
Vancouver, BC
INTERIOR & EXTERIOR
CASINO SIGNAGE
Even in a recession, there is still money to be made,
MULTI MEDIA PLAYER
provided the cloth is cut to suit the coat. Great Canadian
has made an aggressive attack on its expenses but also
pressed ahead with the refurbishment projects that will put
it in a good position when the upturn comes. JACKPOT SYSTEMS
Cost cutting IN & OUTDOOR DISPLAYS
pushes profits up
kindestcut encouraging showing a six Canadian is favourably
EDGELIT SIGNAGE
GREAT CANADIAN GAMING per cent fall in revenues to positioned to benefit from
CORPORATION C$189.9m (E123.3m) that an economic recovery, as
translates into a net profit three of our redevelopment
Great Canadian, which of C$4.2m (E2.7m), down projects are rapidly
operates seven casinos, 56 per cent on H1/2008. approaching completion…
plus racecourses with slot Chairman and CEO Ross I’m confident that the
halls, bingo and gaming McLeod commented: completion of these three
STRETCHED LCD DISPLAYS
entertainment centres, as “These results reveal the projects will assist in the
well as four local casinos in full impact of our various rejuvenation of our
the US, has reported an expense reduction markets. This is a difficult
increase in its bottom line initiatives…However, the economy and we are more
over the second quarter, full benefit of our efforts cognisant than ever of the
with net profit reaching will only become apparent challenges it presents…Our
C$6.2m (E4.1m), up 51 per once our revenues resume company has been
cent on the three months to an upward trend.” galvanised by its recent
the end of June 2008. He added: “Great optimisation.”
However, the company
saw its revenues from
operations fall by eight per
cent in the quarter to
C$93.8m (E60.9m): the
profits increase came
about through a
comprehensive programme
of cost-cutting by the
company, which at around
C$10m (E6.5m) more than
offset the decline in
revenues.
The half-yearly figures EUROPE SOUTH-AMERICA
are not quite as
+31.318.506610 INFO@SIGNS4U.NL WWW.SIGNS4U.NL
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