247 Wall Street – Melco Crown Entertainment Ltd. (NASDAQ: MPEL), one of Macau’s biggest casino operators, said profit doubled in the fourth quarter, thanks to its ability to attract so-called premium mass market gamblers.

The company is now even moving toward paying its shareholders a dividend. Melco Crown declared a special dividend of $0.34 per American Depositary Receipt (ADR), or $0.115 a share. The company also proposed a dividend policy of 30% of net income. This dividend news has been floated ahead of time by some analysts, but a 30% payout of income initially is strong.

The company earned $0.40 per ADR, up from $0.195 a share in the fourth quarter of 2012 and $0.02 better than the Thomson Reuters estimate of $0.38. Revenue grew 26.6% to $1.39 billion from $1.1 billion a year ago. Casino revenue was $1.36 billion, up 27% from a year earlier. Casino revenue is generally the net of what a casino takes in on bets of all forms and what it paid out in winnings.

Melco Crown’s biggest casino in Macau is the City of Dreams, the world’s second-largest casino. Macau is the world’s largest gambling center, generating seven times the gambling revenue of Las Vegas. The company is controlled by Australian gambling billionaire James Packer and Lawrence Ho, whose family is prominent in gambling in Asia.