Goldman Sachs removes Melco Crown ( MPEL +1.7% ) from its Conviction Buy List with share price more than doubling this year for the bustling casino operator. Analysts
A shift in the focus of investors to the Cotai region of Macau benefits Melco Crown ( MPEL +0.5% ), according to gaming analysts. The company has an early jump on rivals and will set up its second complex in Cotai
which was positive on the sector at the beginning of the year before exposed stocks went on a tear, still likes Melco Crown ( MPEL +0.6% ) due to its tap-in to the premium mass market. The stock is up 116% on the year. Casinos with a significant Macau
investment firm received reports of very strong traffic at area casinos last week. An earlier read from RBC saw growth of 14% to 17% for the month. Related stocks: MPEL , MGM , WYNN , LVS , OTCPK:GXYEF , OTCPK:SJMHF . Post your comment!
a coalition partner of Prime Minister Shinzo Abe's party. By some aggressive estimates, Japan could see gambling revenue of $10B if proponents can win the end-game. Related stocks: MPEL , MGM , LVS , WYNN , OTC:GXYEF . 1 comment!
Channel checks from Sterne Agee indicate gambling revenue in November is on a +20% Y/Y pace . Melco Crown ( MPEL +2.3% ), Wynn Resorts ( WYNN -0.9% ), and MGM Resorts ( MGM +0.6% ) are all trading higher with the positive read
this year from taxes on gaming operations. The incredible riches brought in by the casino industry from Macau has increased the pressure to keep the local populace contented. Related stocks: MPEL , LVS , WYNN , MGM . Post your comment!
Communist Party Third Plenum meetings." Casino stocks with operations in Macau that stand to benefit include Melco Crown ( MPEL +0.9% ), Las Vegas Sands ( LVS +0.8% ), Wynn Resorts ( WYNN +0.7% ), MGM Resorts ( MGM +0.7% ), Galaxy Entertainment
Melco Crown ( MPEL +2% ) still has plenty of catalysts in the pipeline, according to Sterne Agee. The investment firm thinks valuation is attractive with the gaming concern moving into new markets. Previous: MPEL not just a pure-play Macau stock . Post your comment!
Melco Crown ( MPEL ) delivers a powerful quarter of growth as mass market table revenue rose briskly at ..... aggressive pace of expansion to other Asian markets could change that mentality. ( PR ) MPEL -0.7% premarket. Post your comment!