Melco Crown Philippines says COD to open in Dec., grand launch 2015

Melco Crown Philippines said the company’s City of Dreams property in Manila will open in December, with a grand opening planned for the first quarter of 2015.
In a filing with the Philippine Stock Exchange the company said it had a loss of PHP1.78 billion ($39.6 million), up 162 percent from the loss recorded in the same period the prior year. The company said the loss was primarily due to pre-opening costs.
The company said it expects losses to continue to mount until the resort begins commercial operations.
Operating costs ballooned 313 percent to PHP1.39 billion.
Currently, the group has a total of 4,679 employees as of September 30, 2014, up from 2,480
employees as of June 30, 2014, which represents an 89 percent increase. The group is expected to further increase its staff by 16 percent at the end of the year.
The resort will have about 380 gaming tables, 1,700 slot machines and 1,700 electronic table games upon opening.