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Melco Crown Entertainment's (MPEL) CEO Lawrence Ho on Q3 2015 Results - Earnings Call Transcript


Good evening, and thank you for participating in the Q3 2015 Earnings Conference Call of Melco Crown Entertainment Limited. At this time, all participants are in a listen-only mode. After the call, we will conduct a question-and-answer session. Today's conference is being recorded.

I would now like to turn the call over to Geoffrey Davis, Chief Financial Officer of Melco Crown Entertainment Limited.

Geoffrey Davis - CFO

Thank you, operator, and thanks everyone for joining us today for our third quarter 2015 earnings call. On the call with me today are Lawrence Ho, Ted Chan, and Ross Dunwoody.

Before we get started, please note that today's discussion may contain forward-looking statements made under the Safe Harbor provision of federal securities laws. Our actual results could differ from our anticipated results.

I will now turn the call over to Lawrence.

Lawrence Ho - Co-Chairman and CEO

Hi, everyone. I’m pleased to announce a strong set of results in the third quarter with Macau property EBITDA expanding over 10% sequentially to approximately US$215 million and Macau property EBITDA margin improving over 200 basis points sequentially to over 25%.