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Citing cost and utility, and has failed to raise significant capital on the exchange since its listing in 2011.

Melco transactions averaged less than $350,000 per day in Hong Kong, compared to nearly $100 million per day on the U.S. NASDAQ stock market last year.

The delisting motion must be approved by shareholders.

Melco Crown Entertainment will continue to list on Nasdaq. The company is a joint venture between Hong Kong businessman Lawrence Ho and James Packer, son of the late Australian gambling and media mogul Kerry Packer. Melco Crown has a market capitalization of nearly $14 billion and owns the City of Dreams resort complex in Macau.

Mainland China's economic slowdown and Chinese President Xi Jinping's anti-corruption measures have marked the worst year for Macau casino imports ever. About $73 billion in market value was lost in six casino concessions in 2014.