Melco Crown Macau definition

Melco Crown Macau means Melco Crown (Macau) Limited, a Macau company.
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Examples of Melco Crown Macau in a sentence

  • On September 8, 2006, the Macau Government granted a gaming subconcession to Melco Crown Macau to operate the gaming business in Macau.

  • On October 16, 2013, Melco Crown (COD) Developments paid a portion of the additional land premium of approximately $8,736 set forth in the final amendment proposal, and on October 17, 2013, Melco Crown (COD) Developments and Melco Crown Macau accepted the terms of such proposal.

  • Such annual lump sum tax payments are required regardless of whether dividends are actually distributed or whether Melco Crown Macau has distributable profits in the relevant year.

  • The gaming subconcession is capitalized based on the fair value of the gaming subconcession agreement as of the date of acquisition of Melco Crown (Macau) Limited (“Melco Crown Macau”), an indirect subsidiary of the Company and the holder of the gaming subconcession in Macau, in 2006, and amortized using the straight-line method over the term of agreement which is due to expire in June 2022.

  • The deemed cost of gaming subconcession is capitalized based on the fair value of the gaming subconcession agreement as of the date of acquisition of Melco Resorts (Macau) Limited (formerly known as Melco Crown (Macau) Limited) (“Melco Resorts Macau”), a subsidiary of the Company and the holder of the gaming subconcession in Macau, in 2006, and amortized using the straight-line method over the term of agreement which is due to expire in June 2022.

  • City of Dreams Altira Crown investments Studio City Melco Crown, Macau, Special Administrative Region of the Peoples Republic of China 34.3% interest.

  • During the six months ended June 30, 2014 and 2013, Melco Crown Macau reported net income and had the Group been required to pay such taxes, the Group’s unaudited consolidated net income attributable to Melco Crown Entertainment Limited for the six months ended June 30, 2014 and 2013 would have decreased by $60,672 and $58,378, respectively.

  • In 2013, Melco Crown Macau made an application to the Macau Government for a tax concession arrangement for its shareholders.

  • Pursuant to the approval notices issued by the Macau Government dated June 7, 2007, Melco Crown Macau has been exempted from Macau Complementary Tax on profits generated by gaming operations for five years commencing from 2007 to 2011 and will continue to benefit from this exemption for another five years from 2012 to 2016 pursuant to the approval notices issued by the Macau Government in April 2011.

  • Pursuant to the approval notices issued by Macau Government dated June 7, 2007, Melco Crown Macau has been exempted from Macau Complementary Tax on income generated from gaming operations for five years commencing from 2007 to 2011 and will continue to benefit from this exemption for another five years from 2012 to 2016 pursuant to the approval notices issued by Macau Government in April 2011.

Related to Melco Crown Macau

  • WFOE has the meaning set forth in the Preamble of this Agreement.

  • Authorised Persons means collectively all Event management, Venue management, Police, public bodies and agencies responsible for safety and security in connection with the Event or the Venue, and their respective staff, officials, representatives, officers and volunteers;

  • SONIAi-pLBD means, in respect of any London Banking Day falling in the relevant Observation Period, the SONIA reference rate for the London Banking Day falling "p" London Banking Days prior to the relevant London Banking Day "i".

  • HKFE means the Hong Kong Futures Exchange Limited;

  • Warrantors means the Founders, the Founder Holdcos and the Group Companies.

  • Crown Body means any department, office or executive agency of the Crown;

  • The Vendor means the person, firm, company or organization on whom the Purchase Order is placed and shall be deemed to include the vendor’s successors, representative heirs, executors and administrator as the case may be. It may also be referred to as Seller, Contractor or Supplier.

  • authorised party means the party referred to in Article XIII(3);

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • investor of a Contracting Party means: (a) A natural person having the nationality of a Contracting Party in accordance with its applicable law; or (b) An enterprise constituted or organised under the applicable law of a Contracting Party; Making or having made an investment in the other Contracting Party's territory.

  • VIE of any Person means any entity that controls, is controlled by, or is under common control with such Person and is deemed to be a variable interest entity consolidated with such Person for purposes of U.S. GAAP. As used herein, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities or other interests, by contract or otherwise.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • HKMA means the Hong Kong Monetary Authority;

  • PRC Entities means the PRC Subsidiaries and the Consolidated Affiliated Entities collectively.

  • authorised person means the Client or any person (including any individual or entity) authorised by the Client to act on its behalf in the performance of any act, discretion or duty under this Agreement (including, for the avoidance of doubt, any officer or employee of such person) in a notice reasonably acceptable to the Custodian.

  • Transaction Parties As defined in Section 5.3(o).

  • Luxco is defined in the Preamble.

  • authorised entity means an Entity with whom the Client has entered into an Authorising Agreement pursuant to Clause 2A.1;

  • Controlling Shareholder means any shareholder owning more than fifty

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Target Group means the Target and its Subsidiaries.

  • Purchaser’s Group means the Purchaser, its subsidiaries and subsidiary undertakings, any holding company of the Purchaser and all other subsidiaries of any such holding company from time to time;

  • NPCI means National Payments Corporation of India;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Non-Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Non-Lead Securitization Servicing Agreement.

  • HKSCC means the Hong Kong Securities Clearing Company Limited or its successors.