Melco Crown Entertainment Announces New Appointments to Leadership Team
January 06 2017 - 7:10AM
Melco Crown Entertainment Limited (Nasdaq:MPEL) (“
Melco
Crown Entertainment”, ”
MCE”, the
“
Company” or “
we”), a developer,
owner and operator of casino gaming and entertainment casino resort
facilities in Asia, today announced several key appointments to its
new leadership structure.
Subsequent to the Company’s announcement in
November last year, Mr. Lawrence Ho, Chairman and Chief
Executive Officer of the Company resumed direct
supervision of day-to-day operations and actively reassessed the
management structure.
Lawrence Ho said, “I’d like to thank the
management team and all our colleagues for fully supporting the
recent changes at the Company. These changes are part of the
process to make MCE stronger and more efficient, and to better
position the Company to fully exploit future growth opportunities.
In December, Melco International Development Limited announced the
acquisition of an additional USD 1.2 billion of Melco Crown
Entertainment’s stock. Upon the completion of this
acquisition, Melco will assume a majority ownership of over 51% in
MCE. I cannot think of a more compelling evidence of my
positive outlook on Macau’s long-term prospects and my faith in the
strength and quality of our Company and its management. This should
also further emphasize MCE remains my highest priority.”
Melco Crown Entertainment is pleased to announce
the following appointments:
- Mr. Frederic Winckler - Chief Marketing and Brand
OfficerMr. Winckler has been appointed to the newly
created role of Chief Marketing and Brand Officer, reporting
directly to Mr. Ho. Mr. Winckler will also serve as a member
of the executive committee of MCE. In his new role, he will be
responsible for the marketing and branding of all the Company’s
consumer brands. Mr. Winckler joins the Company having most
recently served as Global Chief Marketing Officer for Louis Vuitton
based in Paris. He was awarded the Luxury Marketer of the Year in
2014. Prior to Louis Vuitton, Mr. Winckler served as Chief
Executive Officer of J. Walter Thompson Paris, having been with
that organization for 22 years to lead its efforts in various
countries for key luxury brand clients including BMW and
Rolex.
Mr. Ho commented, “I am very excited to have
Frederic joining the MCE team. His international and luxury brand
experience will certainly provide invaluable insights as we develop
an enhanced strategy to leverage MCE’s luxury and entertainment
propositions.”
- Mr. Gabriel Hunterton - Property President of City of
Dreams, Macau Mr. Hunterton is a seasoned gaming
industry executive. His extensive and diverse gaming career in Las
Vegas and Macau has spanned over 18 years. He is exceptionally
knowledgeable of the Macau market and has a solid track record of
producing remarkable results in Macau’s highly competitive
market.
- Mr. Andy Choy - Property President of Altira Macau and
Mocha Clubs Mr. Choy has over 10 years of direct
involvement in a broad set of gaming industry disciplines. He has
worked with the entire spectrum of properties from stand-alone
local casinos to major Las Vegas Strip properties to international
five-star integrated resorts. Prior to this new role, Mr. Choy
served as the Chief Gaming Officer for Melco International, the
single largest shareholder of MCE, with responsibility for the
Melco Group’s growth through development opportunities in the
gaming sector. He has been recently listed as one of the “25 People
to Watch 2017 in the Gaming Industry” by Global Gaming
Business.
Going forward, each of Melco Crown
Entertainment’s Property Presidents will be member of the Company’s
executive committee and report directly to Mr. Ho. This structure
will enhance the participation and strategy alignment of the entire
organization. The reorganized structure is designed to be more
efficient to enable faster decision-making and provide clear
accountabilities.
- Mr. Jarlath Lynch - Senior Vice President, Hotels and
Food & Beverage Mr. Lynch has been appointed to
the newly created role of Senior Vice President, Hotels and Food
& Beverage, reporting directly to Mr. Ho. Mr. Lynch will also
serve as a member of the executive committee of MCE. This position
was created to emphasize the growing importance of MCE’s non-gaming
propositions and MCE’s pursuit of excellence in both its hotel and
F&B offering. MCE currently enjoys numerous Forbes Five-Star
hotel rankings and offers the most Michelin-starred dining
establishments among all casino operators in all of Macau and
Greater China. Mr. Lynch has been a part of the Melco Crown
Entertainment team having previously served as SVP, Hotels and Food
& Beverage at MCE’s City of Dreams, Manila subsidiary. Prior to
joining MCE, he was the founder and owner of luxury boutique villas
in Indonesia. He has also served as regional Vice President for
Shangri-La Hotels and Resorts and held various positions with Hyatt
International.
Lawrence Ho concluded, “2017 will be another
exciting year for myself, Macau and MCE. I look forward to working
with many seasoned international talents in my management team.
With the continuous support and dedication from all of our
colleagues, Melco Crown Entertainment will continue to be
innovative in offering the best-in-class hospitality and
entertainment experiences to our existing and new customers.”
Melco Crown Entertainment – Innovating
excitement for a new age.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. The Company may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), 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 the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) growth of the gaming market
and visitation in Macau and the Philippines, (ii) capital and
credit market volatility, (iii) local and global economic
conditions, (iv) our anticipated growth strategies, (v) gaming
authority and other governmental approvals and regulations, and
(vi) our future business development, results of operations and
financial condition. 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. Further information regarding these and other
risks, uncertainties or factors is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
undertakes no duty to update such information, except as required
under applicable law.
About Melco Crown Entertainment
LimitedMelco Crown Entertainment, with its American
depositary shares listed on the NASDAQ Global Select Market
(NASDAQ:MPEL), is a developer, owner and operator of casino gaming
and entertainment casino resort facilities in Asia. Melco Crown
Entertainment currently operates Altira Macau
(www.altiramacau.com), a casino hotel located at Taipa, Macau and
City of Dreams (www.cityofdreamsmacau.com), an integrated urban
casino resort located in Cotai, Macau. Melco Crown Entertainment’s
business also includes the Mocha Clubs (www.mochaclubs.com), which
comprise the largest non-casino based operations of electronic
gaming machines in Macau. The Company also majority owns and
operates Studio City (www.studiocity-macau.com), a
cinematically-themed integrated entertainment, retail and gaming
resort in Cotai, Macau. In the Philippines, Melco Crown
(Philippines) Resorts Corporation’s subsidiary, MCE Leisure
(Philippines) Corporation, currently operates and manages City of
Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail
and entertainment integrated resort in the Entertainment City
complex in Manila. For more information about Melco Crown
Entertainment, please visit www.melco-crown.com.
Melco Crown Entertainment is strongly supported
by its single largest shareholder, Melco International Development
Limited, a company listed on the Main Board of The Stock Exchange
of Hong Kong Limited and is substantially owned and led by Mr.
Lawrence Ho, who is the Chairman, Executive Director and Chief
Executive Officer of Melco Crown Entertainment.
For investment community, please
contact: Ross DunwoodyVice President, Investor
RelationsTel: +853 8868 7575 or +852 2598 3689Email:
rossdunwoody@melco-crown.com
For media enquiries,
please contact:Maggie MaChief Corporate Communications and
Corporate Affairs OfficerTel: +853 8868 3767 or +852 3151
3767Email: maggiema@melco-crown.com
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Apr 2023 to Apr 2024