The sell-off in Melco Crown continues

• Melco Crown (MPEL -7.9%) is on its way to recording a fourth losing session as a combination of macroeconomic concerns in Asia and a re-assessment by JPMorgan on valuation of Macau gaming stocks continues to take hold.
• 2014 Macau revenue growth projections are still in the double-digit range, but have been trimmed from their highest levels.
• Shares of MPEL are now off about 16% from the all-time highs they etched out earlier this month.