Melco reports US$89.7 million loss

PUBLISHED : Wednesday, 03 February, 2010, 12:00am
UPDATED : Wednesday, 03 February, 2010, 12:00am

Melco Crown Entertainment reported a loss of US$89.7 million in the fourth quarter last year compared with a deficit of US$18.9 million in the same period in 2008 due to the Macau casino operator's VIP junket deal with Amax Holdings being broken up by the government cap on commission rates. However, revenue was up 60per cent at US$400.2 million.