• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco Crown removed from Nasdaq Q-50 Index

Dec 16, 2014 Newsdesk Latest News, Macau, Top of the deck  


Melco Crown removed from Nasdaq Q-50 Index

Nasdaq-listed gaming operator Melco Crown Entertainment Ltd has been dropped from the Nasdaq Q-50 Index. The announcement was made on Monday by exchange operator Nasdaq OMX Group Inc, as part of its quarterly re-ranking of the index.

The change will become effective prior to market open on December 22.

The price of Melco Crown shares on Nasdaq has dropped by over 40 percent since the beginning of 2014, fuelled by the sluggish performance of the casino industry in Macau over the past six months. The company is also listed in Hong Kong.

In Macau, the firm is expanding the City of Dreams casino resort (pictured) in Cotai and building Studio City, due to open in mid-2015. Melco Crown is also a partner in City of Dreams Manila, a project that had a soft opening on Sunday.

The Nasdaq Q-50 Index is a market-capitalisation weighted index designed to track the performance of companies that are next-eligible for inclusion into the Nasdaq-100 Index.

The index is comprised of 50 securities ranked by market capitalisation and features companies across major industry groups. It does not contain securities of financial companies including investment companies.

The Nasdaq Q-50’s average market cap is US$8.50 billion, which is significantly smaller than Nasdaq-100’s US$40.92 billion.


  • tweet
Related articles
  • 26 Capital to delist, liquidate as Okada Manila merger fails
    26 Capital to delist, liquidate as...

    Sep 25, 2023  

  • Court says Okada Manila no need to complete SPAC merger
    Court says Okada Manila no need to...

    Sep 08, 2023  

More news
  • Miriam Adelson selling US$2bln LVS stock to buy sports team
    Miriam Adelson selling US$2bln LVS...

    Nov 29, 2023  

  • Emperor Ent back in black with US$1.5mln interim profit
    Emperor Ent back in black with...

    Nov 29, 2023  


Latest News

Miriam Adelson selling US$2bln LVS stock to buy sports team

Miriam Adelson selling US$2bln LVS stock to buy sports team

Nov 29, 2023  

Miriam Adelson (pictured in a file photo), the largest stockholder at casino group Las Vegas Sands Corp, is selling US$2 billion of her shares, to be used toward “the purchase of a majority...
Read More
Emperor Ent back in black with US$1.5mln interim profit

Emperor Ent back in black with US$1.5mln interim profit

Nov 29, 2023  

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Nov 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”

Ian Hughes

Chief commercial officer of testing and certification firm GLI



Most Popular

  • Ex-exec of Saipan casino-tied firm jailed by Beijing courtEx-exec of Saipan casino-tied firm jailed by Beijing court November 27, 2023
  • Bruno Mars to perform at MGM Cotai in Jan: MGM ChinaBruno Mars to perform at MGM Cotai in Jan: MGM China November 28, 2023
  • Kazuo Okada properly removed from IR op: Philippine courtKazuo Okada properly removed from IR op: Philippine court November 28, 2023
  • China ents provider iQiyi in deal for Galaxy Arena eventsChina ents provider iQiyi in deal for Galaxy Arena events November 28, 2023
  • Nomura caution on China economy, China tourism in AsiaNomura caution on China economy, China tourism in Asia November 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us