Casino operator Melco Crown Entertainment (MPEL) will likely post strong results for 16Q4 as a result of Studio City ramp up and a rebound of City of Dreams, said a note from Morgan Stanley on Sunday.
Melco opened the VIP-focused Altira in May 2007. The 38-storey complex on Taipa island has about 230 guest rooms, with 24 VIP suites and 8 villas. It features fine dining, including the Italian restaurant, Aurora, Japanese restaurant, Tenmasa and Chinese restaurant, Ying, as well as spa facilities. It was formerly known as Crown Macau, until the opening of the City of Dreams in 2009, which features the Crown Towers as part of the complex.