Morgan Stanley: Valuation attractive on Melco Crown

Morgan Stanley raises its rating on Melco Crown (NASDAQ:MPEL) to Overweight from Equal Weight despite the slow deceleration in Macau revenue growth trends.

Shares of the casino operator are 37% off their 52-weeks highs, giving investors a reasonable entry point, according to MS.

MPEL +1.5% premarket to $29.12

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Comments (3)
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
    And still, no one is factoring in, or even mentioning, Melco's about to open casino in Manila.
    26 Aug 2014, 09:49 AM Reply Like
  • hneumann
    , contributor
    Comments (630) | Send Message
    And going to Japan
    26 Aug 2014, 04:35 PM Reply Like
  • Mike P.
    , contributor
    Comments (83) | Send Message
    Knowing that many casinos are taking a big hit in earnings and its projected to get a little hectic if something is not done soon to bring in new business so, this is where I ask the question regarding a company called KENS, Kenilworth Systems Inc.


    KENS owns the patent on live video gaming from a computer through a terminal located at the casino table. I recently did some research on the company and it turns out that they do own this special patent, does anyone know about this joint venture to bring streaming revenues to the casinos in this form to stem the current losses they are suffering?
    27 Aug 2014, 12:59 PM Reply Like
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