In preparation for MPEL's FQ1 2012 earnings release Wednesday morning, we’ve put together the recent pertinent forward looking company commentary.
MPEL 4Q CONFERENCE CALL
- "We are optimistic regarding GGR growth for 2012, particularly in relation to the highly profitable mass market segment, which continues to be strong, as evident in the increased visitations and strong mass table growth rate."
- "Total deprecation and amortization expense is expected to be approximately $90 million to $95 million, corporate expense is expected to come in at $18 million to $20 million and net interest expense is expected to be approximately $25 million to $30 million."
- "In the future, couple of months, we have put in place a program to improving, expand our VIP gaming facilities in COD, and we should be able to add another three junket operators in next three months time."
- "As a policy, and it has served us very well over the last few years, we do not intend to compete on price or credit in the rolling chip segment."
- "I think our hypothesis for a 15%, 20% growth in the gross gaming revenue overall in the market for this year is based on around 8% GDP growth. So we are pretty comfortable with the budget that we had set last year and with the current trading rate in Macau."
- "We have to really yield up our table productivity. We allocate quite a lot of tables in Altira because of the history of Altira. Per table productivity, compared to COD or Cotai standard, it's a little bit low."
- "We're hopeful and optimistic that we can stick by the schedule that we had previously guided and so the next official announcement from us regarding Studio City as the designs are all done now would be a restart of construction."
- "Based on our current cash balances and future expected cash flow, we do not envisage a requirement to raise equity capital for Studio City."
- "I think you will start to see mass represent a larger and larger part of our mix of EBITDA."