MELCO Crown (Philippines) Corp. said its City of Dreams Manila swung to a profit in the fourth quarter of 2015 following a full year of operation, since the integrated casino opened on December 14, 2014.
In a disclosure to the Philippine Stock Exchange, the Philippine unit of Macau’s Melco Crown Entertainment Ltd., said its integrated casino located in Entertainment City in Parañaque City generated adjusted earnings before interest, depreciation and amortization (EBITDA) of $15.5 million compared to the $0.1 million recorded in the same period in 2014.
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