Shares of Melco Crown (MPEL +3.2%) trade higher after JPMorgan upgrades the gaming company to...

|About: Melco Crown Entertainment... (MPEL)|By:, SA News Editor

Shares of Melco Crown (MPEL +3.2%) trade higher after JPMorgan upgrades the gaming company to Overweight from Neutral. The firm isn't completely scared off by the recent crackdown by Chinese authorities on money laundering, viewed by some as a potential drag on area casino revenue.