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Melco Crown lower after reporting Q4 revenue drop

  • Shares of Melco Crown (MPEL) slip in early trading after the company reported Q4 earnings.
  • Though the 20% decline in overall revenue for the quarter was anticipated, many of the casino floor metrics disappointed.
  • Mass market table games drop, rolling chip volume, and win rates were all off at key casinos.
  • MPEL -3.4% premarket.

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Melco Resorts & Entertainment Limited