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Melco Crown Entertainment is an owner and developer of casino gaming and entertainment resort facilities that are focused on the rapidly expanding gaming market found in Macau. Our Company operates our superbly designed and managed facilities through our subsidiary Melco Crown Gaming (Macau) Limited, one of only six companies granted concessions or subconcessions to operate casinos in Macau.
On December 19, 2006, our Company listed on NASDAQ under the ticker symbol "MPEL", successfully raising in excess of US$1.14 billion in the process. According to Renaissance Capital and IPOhome.com, this ranked as the fourth largest IPO in the US in 2006.
Through the implementation of innovative products and services and by working hand-in-hand with globally renowned brands, our Company fully intends to offer the best entertainment experience to the broadest spectrum of customers and thereby become the leader of Macau's gaming industry. In this endeavor, we have a number of projects currently underway or planned in the region.
Altira Macau (formerly Crown Macau) is a luxurious and contemporary hotel and casino delivering a world-class experience. It offers one of the most exclusive and elegant accommodations in Macau, providing the ultimate in fine dining and attracting discerning, high-end gaming patrons.
City of Dreams, another property of ours, is a must-see integrated urban entertainment resort that will combines electrifying entertainment, stylish nightclubs, an amazing array of accommodation options, top-notch dining, designer brand shopping as well as a spacious and contemporary casino. The initial phase opened on June 1, 2009. When fully opened, City of Dreams will offer approximately 2,200 guest rooms and a wide range of restaurants and bars, a kaleidoscope of entertainment options including free attractions and the spectacular Dragone show.
To provide instant electronic gaming fun, our Company offers Mocha Clubs. With eight Mocha Clubs already in operation throughout Macau and Taipa, Mocha Clubs offer machine-based gaming entertainment in a cafe-style setting.
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