Melco Crown Entertainment Ltd

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  • uploads///Macao Hotel Inventory
    Macroeconomic Analysis

    Macao Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share of the total hotel inventory in the Macao region, at 60%.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    What Analysts Are Recommending for Major Casinos

    Analysts seem to be favoring MGM Resorts (MGM) stock over the other major casinos. Of the 17 analysts tracking the stock, 16 of them recommend a “buy.”

    By Ally Schmidt
  • uploads///China GDP
    Consumer

    China’s Economy: A Slowdown in Second Half of 2017?

    A weakness in the Chinese economy could adversely affect the spending capacity of the Chinese people, which could lead to fewer visitors at Macao.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Macao Casinos Hope Hotel Supply Will Drive Demand

    Macao’s casinos are trying to change Macao from a gaming-only destination to more of a Las Vegas–like destination.

    By Ally Schmidt
  • uploads///inflation
    Consumer

    What Do Inflation Numbers in Macao Indicate?

    Macao’s annual inflation as measured by the composite consumer price index rose 1.03% YoY (year-over-year) in July 2017.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    What Unemployment Numbers Tell about Macao Casinos

    In 2000, the unemployment rate in Macao peaked at 7.0%. Since then, tremendous growth in the gaming industry has helped reduce unemployment.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Consumer

    Macao Visitor Arrivals Improve in July 2017

    For July 2017, visitor arrivals increased 4.4% YoY to 2.9 million visitors. However, on a month-over-month basis, visitor arrivals increased 22.7%.

    By Ally Schmidt
  • uploads///new resorts
    Consumer

    Are the New Integrated Resorts Increasing Macao’s Market?

    Macao’s gross gaming revenue growth in the past four months has many analysts believing that the growth is driven by the shift to the mass market.

    By Ally Schmidt
  • uploads///Mass
    Consumer

    VIP Segment Driving Macao Casinos’ Short-Term Recovery

    For the first quarter of 2017, VIP gross gaming revenues rose 16.8% YoY (year-over-year) to MOP 35.6 billion.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Macao July Revenues Saw Highest Growth in 2017, Beat Expectations

    According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenues have risen 29.2% YoY to MOP 23.0 billion ($2.9 billion).

    By Ally Schmidt
  • uploads///stock
    Consumer

    Casino Stocks Lose Recovering Streak in August

    Stocks of major Macao casinos have been on the rise since September 2016 when casino revenues started rebounding.

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep a Watch on Macao’s Unemployment Rate?

    Macao’s unemployment rate was as high as 7% in 2000. Growth in the tourism and gaming industry helped to curb the high rate.

    By Ally Schmidt
  • uploads///Macao revenue
    Macroeconomic Analysis

    Macao’s Gaming Revenues Posted Double-Digit Growth in February

    Macao’s casinos reported their seventh consecutive month of revenue growth in February 2017. Casinos’ February revenues rose 18% year-over-year (or YoY) to ~$2.9 billion.

    By Ally Schmidt
  • uploads///Macao stock performance
    Macroeconomic Analysis

    Why Macao’s Casino Stocks Continued to Gain in March

    Macao casino stocks continued to gain value in March 2017. In the month, Wynn Resorts (WYNN) was the biggest gainer with a 19.9% rise.

    By Ally Schmidt
  • uploads///Valuation
    Macroeconomic Analysis

    What’s Priced into Macao Casino Valuations?

    As of January 3, 2016, the Macao casino industry valuation stands at 12.6x. This valuation is lower than the industry average valuation of 12.05x since February 2008.

    By Ally Schmidt
  • uploads///Hotel supply macao
    Macroeconomic Analysis

    Is Oversupply a Concern for Macao Casinos?

    Macao casinos’ $28 billion investment in integrated resorts is set to change the city’s gaming business.

    By Ally Schmidt
  • uploads///VIP vs Mass
    Macroeconomic Analysis

    Is the Mass Market Shift Working for Macao Casinos?

    As VIP business continues to remain sluggish, casinos are increasingly turning their attention towards the mass market.

    By Ally Schmidt
  • uploads///macao inflation
    Macroeconomic Analysis

    What Do Macao’s Inflation Figures Indicate?

    The annual inflation in Macao fell to 1.5% in November 2016.

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep an Eye on Macao’s Unemployment Rate?

    For September 2016 through November 2016, the unemployment rate stood at 1.9%.

    By Ally Schmidt
  • uploads///macao Visitor
    Macroeconomic Analysis

    Is Macao’s Visitor Arrival Trend Improving?

    For November 2016, visitor arrivals remained unchanged as compared to November 2015 and fell 3.4% month-over-month to 2.6 million visitors.

    By Ally Schmidt
  • uploads///Stock
    Macroeconomic Analysis

    Why Were Macao Casino Stocks on a Losing Streak in December?

    After rising for four consecutive months from August to November, Macao casino stocks posted losses in December.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Hotel Inventory Is Rising, but Is There Enough Demand?

    Macao casinos’ $28-billion investment in integrated resorts will change the city’s gaming. Capacity additions should increase the number of slot tables too.

    By Ally Schmidt
  • uploads///VIP Vs Mass market
    Consumer

    How Macao’s Attempts to Woo Mass Market Consumers Are Going

    As VIP business remains sluggish, casinos are increasingly turning their attention to woo mass market.

    By Ally Schmidt
  • uploads///new resorts
    Consumer

    Can New Resorts Lead the Way in Macao Casinos’ Recovery?

    Wynn Resorts opened its $4.1 billion Wynn Palace on August 22, 2016, and this may have directly contributed to Macao’s casino industry recovery in August.

    By Ally Schmidt
  • uploads///Inflation
    Consumer

    What Do Macao’s Inflation Numbers Indicate?

    The annual inflation in Macao fell to ~2.1% in July 2016. Inflation has, in fact, been on a declining trend in the region since February 2016.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    Why Macao’s Unemployment Rate Should Stay on Investors’ Radars

    Macao’s unemployment rate reached 7% in 2000. Growth in tourism and gaming helped curb high rates, bringing the average down to ~3.9% from 1996 to May 2016.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Revival or Luck: Analysts’ Takes on Macao’s Revenue Rise

    After 26 consecutive months of declining revenues, Macao gaming revenues have finally shown a small spurt of growth.

    By Ally Schmidt
  • uploads///Stock
    Consumer

    Macao Casino’s Stock Rises on Revenue Growth

    Macao, the largest gaming hub in the world, has seen big growth in the past decade but has also seen declines since China imposed restrictions in 2014.

    By Ally Schmidt
  • uploads///Valuation
    Macroeconomic Analysis

    Macao Casino Industry Valuation: What’s Priced In?

    As of December 10, 2015, the Macao casino industry’s valuation stands at 12.9x. This is close to the industry average valuation of 12.5x in April 2008.

    By Ally Schmidt
  • uploads///new resorts
    Macroeconomic Analysis

    Why the Cotai Strip Is Important for Macao Casinos’ Recovery

    Casino operators that have opened resorts on the Cotai Strip are gaining market share at the expense of those who haven’t.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Macroeconomic Analysis

    Have the Tables Turned on Macao Gaming Revenues in 2016?

    Macao casinos’ gaming revenues remained flat at -0.1% in February 2016. February marked the 21st consecutive month of falling revenues.

    By Ally Schmidt
  • uploads///AWPAXs Top Ten Invested Geographies
    Fund Managers

    What You Should Know about the AB International Growth Fund

    Prudential (PUK), UBS Group (UBS), Nissan Motor (NSANY), Credicorp (BAP), and Melco Crown Entertainment (MPEL) are among the AB International Growth Fund’s 71 holdings.

    By David Ashworth
  • uploads///MALAXs Invested Geographies
    Fund Managers

    Must-Know Facts about MALAX

    MALAX aims to invest in sector leaders, stocks that “can maintain, or achieve in the future, a dominant position within their respective market.”

    By David Ashworth
  • uploads///Valuation
    Macroeconomic Analysis

    Why the Macao Casino Industry’s Valuation May Remain Low

    As of December 10, 2015, the Macao casino industry’s valuation stands at 11.10x.

    By Ally Schmidt
  • uploads///Hotel Inventory
    Macroeconomic Analysis

    Macao’s Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share at 60% of Macao’s total hotel inventory.

    By Ally Schmidt
  • uploads///Stock
    Macroeconomic Analysis

    Gaming Stocks Tumble after Mild Recovery in October

    Macao has seen extraordinary growth in the past decade and a half. It has also seen a similar fall ever since the Chinese government imposed anti-corruption restrictions in 2014.

    By Ally Schmidt
  • uploads///Dividend yield
    Earnings Report

    How is the Las Vegas Sands Using Its Cash Flows?

    The Las Vegas Sands is focusing on controlling costs in the already weak Macao region. It generated better cash flows as it focused on the higher margin mass and non-gaming segments.

    By Ally Schmidt
  • uploads///LVS Macao operations
    Earnings Report

    What Can We Expect From Las Vegas Sands in the Macao Market?

    The weakness in the Macao market continues as the region sees gaming revenues decline for the 16th consecutive month as of September 2015.

    By Ally Schmidt
  • uploads///Wynn actual vs estimates
    Earnings Report

    Wynn Resorts Beats on Earnings in 3Q15: Can it Continue?

    Wynn Resorts’ (WYNN) third quarter numbers missed most Wall Street analysts’ estimates. The company’s revenues for the third quarter fell to $996.3 million.

    By Ally Schmidt
  • uploads///WYNN Q Performance
    Earnings Report

    Overview of Wynn Resorts’ 3Q15 Earnings

    Wynn Resorts’ VIP segment’s turnover fell by a 51% to $12.2 billion, from $25 billion in 3Q15. Mass market revenues fell by 13.7% to $1,197 million.

    By Ally Schmidt
  • uploads///Wynn stock
    Earnings Report

    Overview of Wynn Resorts in September and October

    The third quarter earnings call from Wynn Resorts disappointed investors. The company’s already weak stock fell by more than 7% in after-hours trading.

    By Ally Schmidt
  • uploads///wynn ps
    Earnings Report

    How Does Wynn Resorts Compare to Its Peers?

    The peers are way ahead of Wynn Resorts based on the price-to-sales ratio. The ETFs outperformed Wynn Resorts based on the price movement and PE ratio.

    By Gabriel Kane
  • uploads///Macau casino valuation
    Earnings Report

    Las Vegas Sands’ Valuation Multiple Could Change after Earnings

    As of October 12, 2015, Las Vegas Sands’ (LVS) valuation multiple stands at 11.7x. This is lower than its average forward EV-to-EBITDA multiple of 16.14x.

    By Ally Schmidt
  • uploads///LVS Q estimates
    Earnings Report

    Will Las Vegas Sands Surprise Again in 3Q15?

    Las Vegas Sands is expected to continue reporting grim earnings in 3Q15.
    Analysts expect LVS to post a year-over-year decline in earnings per share and revenue, driven by weakness in business.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Earnings Report

    Are Troubles Over for the Gaming Industry?

    The gaming industry has been heavily dependent on Macao, and the Chinese economy’s troubles don’t seem to be going away soon. Companies are finding new destinations in Japan and Korea to develop the next Macao.

    By Ally Schmidt
  • uploads///Macao stock performance
    Earnings Report

    Why Did Las Vegas Sands Stock Fall Rapidly in September?

    Las Vegas Sands (LVS) stock remained relatively flat or slightly lower in July and August. But the steepest fall came in September, dragging the stock down about 18% in a short time span.

    By Ally Schmidt
  • uploads///Macao stock performance
    Earnings Report

    Las Vegas Sands Missed Top and Bottom Line Estimates for 2Q15

    Las Vegas Sands (LVS) had a difficult second quarter, missing both top line and bottom line estimates. The top line fell 19.4%, while operating income fell 28.3%.

    By Ally Schmidt
  • uploads///Macao valaution
    Macroeconomic Analysis

    The Valuation of Macao Casino Stocks

    Macao’s shift from VIP gaming to the mass gaming market and non-gaming revenue is expected to benefit Macao in the long run.

    By Ally Schmidt
  • uploads///Macao gaming tables growth
    Macroeconomic Analysis

    Will New Capacity Additions Drive Future Growth for Macao Casinos?

    In May 2015, Galaxy Entertainment doubled its capacity with its two new projects: Galaxy Phase 2 and Studio City.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Macroeconomic Analysis

    Macao Visitor Arrivals Also Decline

    The Macao strip has seen a slump in the number of visitor arrivals since the Chinese government’s strict crackdown on corruption.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Macroeconomic Analysis

    Gross Gaming Revenue and Revenue per Visitor Continue to Decline

    After witnessing a decade of exceptional growth in revenues, the Macao casino industry is going through its worst fall with July marking 14 straight months of declining gaming revenues.

    By Ally Schmidt
  • uploads///Macao stock performance
    Macroeconomic Analysis

    Macao Casino Stocks Continue to Tumble

    Macao casino revenues have been falling ever since the Chinese government imposed stricter regulations in June 2014.

    By Ally Schmidt
  • uploads///disposable income
    Macroeconomic Analysis

    Why Should Investors Watch China’s Disposable Income?

    A major percentage of visitors at the Macao casinos are from China. In May 2015, the visitors from China contributed to about 66% of the total arrivals.

    By Ally Schmidt
  • uploads///Macau casino Visitors
    Macroeconomic Analysis

    Despite a Slowing Gaming Market, Visitor Arrivals Rise in Macao

    The gaming market in Macao has seen a steep fall in the past year due to a fall in the number of VIP or high-net value visitors in the city.

    By Ally Schmidt
  • uploads///revenue per visitor
    Macroeconomic Analysis

    Macao’s Revenue per Visitor Continues to Fall

    Macao’s gaming revenue per visitor was at 999.6 Macanese pataca in May 2015—a rise of 6% from 942.4 in April 2015. This came after a huge fall in April 2015.

    By Ally Schmidt
  • uploads///Monthly Revenue
    Macroeconomic Analysis

    Macao’s Gambling Revenue Continued to Fall in June 2015

    The casino industry in Macao witnessed its 13th straight month of falling revenue in June 2015. For June, the revenue fell by about 36% YoY to $2.17 billion.

    By Ally Schmidt
  • uploads///Sharpe Ratio
    Macroeconomic Analysis

    China-Focused Mutual Funds: Risk-Adjusted Returns as of June 10

    The Fidelity China Region Fund Class C (FHKCX) stands out as the clear winner in risk-adjusted performance. It continues to dominate its peers with a Sharpe ratio of 3.3.

    By David Ashworth
  • uploads///Latest Portfolio Breakdown of EWH
    Macroeconomic Analysis

    Which ETFs Should You Consider to Invest in Hong Kong?

    The iShares MSCI Hong Kong ETF EWH if you want exclusive exposure to Hong Kong stocks.

    By David Ashworth
  • uploads///Wynn Investor Presentation EBITDA
    Fund Managers

    Wynn Resorts Is a New Addition to Bridgewater’s 4Q14 Portfolio

    Bridgewater Associates started a position in Wynn Resorts (WYNN) during the fourth quarter of 2014.

    By Samantha Nielson
  • uploads///Part
    Macroeconomic Analysis

    Macau’s inflation rate falls again

    When inflation decreases, consumers have greater purchasing power and a higher spending capacity. This is a positive sign for casino resort companies.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Why Macau’s gambling revenue per visitor increased

    Macau’s average gaming revenue per visitor is ~$1,200–$1800, roughly 8–10 times higher than the Las Vegas Strip’s average gaming revenue per visitor.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Why Macau’s gambling revenue halved in February 2015

    Macau’s restriction on using China UnionPay debit cards at casinos to curb illegal money flow could be a factor in February’s drop in gambling revenues.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s share price has huge upside potential

    MGM’s share price hasn’t been impacted much by the anti-corruption campaign in China. The campaign took a toll in 3Q14. Its business has ~33% exposure in Macau.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s earnings plunged, but domestic operations set a record

    MGM derives one-third of its revenue from China. It witnessed a significant decline in revenue and earnings due to a lack of VIP participation.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s hotel revenue was driven by higher convention mix

    Hotel revenue at MGM’s wholly owned domestic resorts for the three months ending December 31, 2014, increased 6% YoY.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Why did MGM Resorts’ revenue fall in 4Q14?

    For 4Q14, the net revenue was $2,386 million—down by 5.1% on a year-over-year, or YoY, basis. On a quarter-over-quarter basis, net revenue fell 4%.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM Resorts – a global leader in hospitality and entertainment

    MGM Resorts (MGM) was founded in 1986. It’s based in Nevada. It’s one of the leading global hospitality and entertainment companies.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn’s share price drops immediately post 4Q14 results

    Wynn Resorts’ (WYNN) share price plummeted 6.1% immediately after its 4Q14 results. However, the share price should gain momentum once new resorts are open.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown is positioned to exploit mass market growth in Macau

    Melco Crown Entertainment’s mass market table games segment is still the major driver in Macau. In 2014, Macau’s visitation increased by 7.5% YoY.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown is returning capital to its shareholders

    On February 25, 2014, MPEL’s board declared a special dividend of $0.1147 per share. The dividends were paid to shareholders on April 16, 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown’s rolling chip volume decreased in 4Q14

    Rolling chip volume refers to the amount of non-negotiable chips wagered and lost by the rolling chip market segment. It’s largely represented by VIP players.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s 4Q14 revenue decreased

    For the full year ending December 31, 2014, Melco Crown Entertainment reported net revenue of $4.8 billion—down 5.9% YoY.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s operations are focused on Asia

    Established in 2004, Melco Crown Entertainment (MPEL) owns, develops, and operates casino gaming and entertainment resort facilities. It’s focused on Asia.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why the US casino market performed well

    Today, a number of US-based casino companies have operations in foreign markets—like Macau. Also, they’re developing new properties in Macau.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Hotel occupancy is way up at Wynn Macau and Wynn Las Vegas

    WYNN’s hotel occupancy increased at Macau and Las Vegas in 4Q14. Macau had 98.6% and Las Vegas had 82.1% compared to 96.7% and 80.8%, respectively, in 4Q13.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts’ EBITDA takes its biggest nosedive since 2009

    WYNN’s adjusted property EBITDA fell a whopping 29.3% year-over-year to $352 million, the biggest year-over-year fall since the second quarter of 2009.

    By Shawn Bolton
  • uploads///Part
    Consumer

    VIPs are cautious as Wynn Resorts’ table games win suffers

    WYNN’s VIP table games drop in 4Q14 was $20.7 billion, 39.9% lower than 4Q13. Drop is cash and net markers issued and deposited in a gaming table drop box.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts: A leading operator of destination casino resorts

    Wynn Resorts (WYNN) operates Wynn Macau and Wynn Las Vegas, with casino hotel resorts in Macau, China, and Las Vegas, Nevada.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Las Vegas Sands’ adjusted property earnings double in Singapore

    Las Vegas Sands’ adjusted property EBITDA at Marina Bay Sands in Singapore doubled, reaching a property record of $518.5 million, up ~100% year-over-year.

    By Shawn Bolton
  • uploads///Part
    Consumer

    What does the future hold for Las Vegas Sands?

    Las Vegas Sands (LVS) has a huge potential for future growth in Japan, which could be as big as Macao. It also may expand to South Korea and Vietnam.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Share price of Las Vegas Sands plunges post 4Q14 but bounces back

    Las Vegas Sands’ (LVS) share price plunged immediately after its 4Q14 earnings announcement last week, but it gained 3.1% as of February 3.

    By Shawn Bolton
  • uploads///Part
    Consumer

    What are Wall Street analysts saying about Las Vegas Sands?

    Three Wall Street analysts have rated Las Vegas Sands (LVS) stock neutral or hold, and eight have assigned the stock a buy or overweight rating.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Las Vegas Sands beats S&P 500 on forward dividend yield

    Las Vegas Sands has a greater forward dividend yield than the S&P 500’s (SPY). As of January 27, LVS’s 2015 forward dividend yield was 4.6%. SPY’s was 2.1%.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Las Vegas Sands dominates hotel market in Macao

    Sands China Ltd. (or SCL), a subsidiary of LVS, dominates the hotel market in Macao with 9,277 hotel rooms, or 38% of Macao’s four- and five-star hotels.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Las Vegas Sands will burn huge cash in 2015

    Las Vegas Sands will burn huge cash in 2015 to fund development of The Parisian Macao in 2015 and 2016 and the St. Regis property at Sands Cotai Central.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Las Vegas Sands’ revenues decreased

    Las Vegas Sands’ revenues for 4Q14 were $3,416 million, down 6.6% year-over-year, mainly due to a 15.9% year-over-year decrease in the Macao operations.

    By Shawn Bolton
  • uploads///Part
    Consumer

    An important overview of Las Vegas Sands, a casino company giant

    An overview of Las Vegas Sands (LVS) shows that the company currently owns 70.1% of Sands China Ltd., which operates LVS’s four Macao properties.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Impact On Casinos – Has Macau Entered Into Disinflation?

    Macau’s annual inflation rate was recorded at 6.05% in December 2014. Macau’s inflation rate was 5.59% for December 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why China’s Disposable Income Could Drive Leisure Demand

    China’s disposable income per capita remained almost flat at 6,800 Chinese yen on a YoY basis for the three months ending in December 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown’s Future In Macau

    In 2006, Macau overtook the Las Vegas Strip as the world’s largest gaming market.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Must-Know: Melco Crown’s Major Shareholders

    Members of management owning shares of their company shows confidence in the firm’s direction and outlook.

    By Shawn Bolton
  • uploads///Part
    Financials

    Wall Street Analysts’ Outlook Positive For Melco Crown

    Morgan Stanley upgraded MPEL shares to an overweight rating in a research note issued to investors on January 5, 2015, with a revised target price of $28.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Share Price Drops, But Outperforms In The Long Run

    Price performance Let’s explore the five-year share price performance of Melco Crown Entertainment (MPEL) relative to its peers, as well as the broader market that includes SPDR S&P 500 ETF (SPY). Share prices of gambling stocks collapsed heavily over the last three to six months. This drop largely resulted from the Chinese government’s crackdown on corrupt officials, which negatively […]

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown Is An Attractive Stock To Own

    Due to the growth of mass market gaming in recent quarters, Macau could become a supply-driven market.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Developing Tourism For Macau

    Melco Crown Entertainment’s City of Dreams fifth tower is in progress and is anticipated to open in the first half of 2017.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco’s City Of Dreams Gaining Market Share In Mass Tables

    Net income attributable to Melco Crown Entertainment for 3Q14 was $132.2 million, as compared to net income of $179.4 million in 3Q13.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown Employs Gaming Promoters

    Gaming promoters generate most of Melco Crown Entertainment’s rolling chip play amounts, contributing a major portion of MPEL’s casino revenue.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Offers Adequate Liquidity

    MPEL’s current ratio increased to 3.0 from 2.5. This improvement reflects its much stronger ability to meet its short-term obligations.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Cost of Equity Deteriorating Melco’s WACC

    Melco Crown Entertainment’s ROIC has been lower than its weighted average cost of capital for most of the last three years.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Treads Lightly With Debt Financing

    As of September 30, 2014, Melco Crown Entertainment’s debt-to-equity ratio stood at 0.9. This ratio is the least among its peer companies.

    By Shawn Bolton
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