Melco Crown Entertainment Limited (MPEL) - NASDAQ
  • Fri, Apr. 1, 10:31 AM
    | Fri, Apr. 1, 10:31 AM | 13 Comments
  • Fri, Mar. 18, 9:18 AM
    • Casino stocks are setting up for a day of gains after Macquarie Research upgrades the sector to Neutral. The investment firm thinks the worse month-over-month Macau revenue declines are now firmly in the past.
    • Macquarie thinks Macau casino revenue will fall 6% this year, an improvement from a prior forecast of a 13% decline.
    • Premarket movers: Melco Crown (NASDAQ:MPEL) +3%, Wynn Resorts (NASDAQ:WYNN) +2.8%, MGM Resorts (NYSE:MGM) +2.2%, Las Vegas Sands (NYSE:LVS) +1.4%.
    | Fri, Mar. 18, 9:18 AM | 12 Comments
  • Tue, Mar. 8, 8:15 AM
    • Galaxy Entertainment (OTCPK:GXYEF) is considering a plan to build a small theme park as part of the expansion of the company's resort on Cotai.
    • "We remain big believers in themed attractions – even though that ship has sailed in Las Vegas, it still works here in Macau and China," says Union Gaming analyst Grant Govertsen about the development.
    • Rival Melco Crown (NASDAQ:MPEL) recently opened its Studio City complex with a strong family-focused theme that includes some rides.
    • Theme park visits in China have been on the rise, according to recent data.
    | Tue, Mar. 8, 8:15 AM | 4 Comments
  • Tue, Mar. 1, 11:28 AM
    • Macau casino stocks are higher after strong Lunar New Year holiday traffic led to nearly flat year-over-year revenue growth in February.
    • SA contributor Howard Jay Klein pulls out some positive reads from the Macau traffic read. He notes that the increase in visitations helped to boost room occupancy rates and led to better-than-anticipated gaming numbers. Sources tell Klein that the mass and premium mass segments performed well with the "fear factor" receding.
    • "I expect a continuation of [year-over-year] flat and then an uptrend beginning in mid-Q2, tips Klein.
    • The take from contributor Enceladus Research leans to the cautious side due to the recent rally in Macau names ahead of the revenue report. The positive effect of an earlier New Year was already baked in a bit, notes ER.
    • Sector gainers today include Las Vegas Sands (LVS +4.9%), Melco Crown (MPEL +4.4%), MGM Resorts (MGM +4.1%), and Wynn Resorts (WYNN +3.9%). Earlier today in Hong Kong, Wynn Macau (OTCPK:WYNMF, [[WYNMY}]) and MGM China (OTCPK:MCHVF, OTCPK:MCHVY) had a strong day.
    | Tue, Mar. 1, 11:28 AM | 7 Comments
  • Mon, Feb. 29, 11:29 AM
    • Moody's warns that material improvements in Melco Crown's (MPEL -1.1%) financial profile are unlikely in the near term.
    • The ratings agency forecasts that the ratio of adjusted debt to EBITDA for Melco will stay in a 4X-5X range over the next couple of years with Studio City costs adding in.
    • Melco Crown trades at about a third of its multi-year high.
    | Mon, Feb. 29, 11:29 AM
  • Thu, Feb. 18, 8:31 AM
    • Melco Crown Entertainment (NASDAQ:MPEL) declares $0.2146/share special dividend. (equivalent to US$0.6438 per ADS)
    • Payable March 16; for shareholders of record March 1; ex-div Feb. 26.
    | Thu, Feb. 18, 8:31 AM | 1 Comment
  • Thu, Feb. 18, 8:21 AM
    • Melco Crown Entertainment (NASDAQ:MPEL): Q4 EPS of $0.09 beats by $0.04.
    • Revenue of $1.06B (-5.4% Y/Y) in-line.
    • Shares +1.6% PM.
    • Press Release
    | Thu, Feb. 18, 8:21 AM | 1 Comment
  • Wed, Feb. 17, 5:30 PM
    | Wed, Feb. 17, 5:30 PM | 11 Comments
  • Fri, Feb. 12, 9:59 AM
    • Macau casino stocks are showing strong gains after results of Wynn Resorts (WYNN +10.5%) came in better than expected.
    • Popping out of the report was a solid win rate and stabilizing mass market trend in Macau. During the earnings call, Steve Wynn confirmed reports that the Chinese New Year period is off to a solid start.
    • Previously: Wynn Resorts revenue read: Macau -27%, Vegas +4% (Feb. 11 2016)
    • Wynn Resorts earnings call webcast
    • Macau movers include Melco Crown (MPEL +5.2%), Las Vegas Sands (LVS +5.6%), and MGM Resorts (MGM +5%).
    | Fri, Feb. 12, 9:59 AM | 7 Comments
  • Mon, Feb. 8, 5:41 PM
    • Top gainers, as of 5.25 p.m.: MMP +13.2%. SSNI +13.1%. CSAL +6.3%. MXL +5.4%. MPEL +4.2%.
    • Top losers, as of 5.25p.m.: DRD -14.2%. CHK -7.2%. QLYS -6.0%. FOXA -4.4%. AEO -3.4%.
    | Mon, Feb. 8, 5:41 PM | 9 Comments
  • Tue, Jan. 26, 1:38 PM
    • The U.S. casino business could generate revenue up to $93B by 2020 as growth picks up, according to a forecast by Technavio.
    • The upside could be higher for regional casinos which aren't battling to offset the loss of VIP baccarat revenue like Las Vegas operators, although Strip revenue is still seen besting 2015 totals.
    • Forecasts for Macau have been cautious due to the carnage in Chinese equity markets, although analysts note the sector will run up against soft comparables for at least the first part of the year. New openings on the Cotai Strip are expected to bring in new international visitors.
    • Related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, CZR, CACQ, MGM, LVS, WYNN, MPEL, OTCPK:SJMHY, OTCPK:GXYEF.
    | Tue, Jan. 26, 1:38 PM | 6 Comments
  • Fri, Jan. 22, 10:05 AM
    • Sands China (OTCPK:SCHYY) flew 10% higher in Hong Kong trading, while Wynn Macau (OTCPK:WYNMY) jumped 6% as most Macau gaming stocks regained their footing.
    • Other movers include Galaxy Entertainment (OTCPK:GXYEF) which is up over 10% and the Melco Crown (MPEL +3.2%) ADRs.
    • Stateside, Las Vegas Sands (LVS +4.5%) and Wynn Resorts (WYNN +3.9%) are also battling back from their rough start to 2016.
    • The gains for casino stock are tied to the broad market rally in China, although some positive traffic data was also released by Macau's Statistics and Census Service. Arrivals to Macau in December rose 3.7% Y/Y and 1.7% M/M. The mix of overnight visitors was higher which is a positive for casinos.
    | Fri, Jan. 22, 10:05 AM | 3 Comments
  • Wed, Jan. 20, 10:40 AM
    • Casino stocks are getting battered as the cases for revenue recoveries in Macau and Las Vegas start to crumble. Analysts note that the correlation between stock market turmoil and a drop in VIP casino traffic is hard to ignore.
    • Major losses are being racked up by Wynn Resorts (WYNN -10.1%), Melco Crown (MPEL -9.7%), MGM Resorts (MGM -9.5%), Las Vegas Sands (LVS -8.7%), Caesars Entertainment (CZR -8.3%), Boyd Gaming (BYD -8.2%), Century Casinos (CNTY -7.6%), Pinnacle Entertainment (PNK -6.8%), and Penn National Gaming (PENN -6.1%).
    • Related ETF: BJK.
    | Wed, Jan. 20, 10:40 AM | 10 Comments
  • Mon, Jan. 11, 12:57 PM
    • The Macau gaming stocks are higher after Morgan Stanley cited mass revenue stabilization trends in moving off of a cautious view on the sector.
    • The investment firm sees a 4% Macau revenue gain for 2016 after a long streak of declining growth.
    • Melco Crown (MPEL +2.9%), Las Vegas Sands (LVS +1.2%), and MGM Resorts (MGM +1.8%) are the top gainers in the group.
    | Mon, Jan. 11, 12:57 PM | 9 Comments
  • Mon, Jan. 4, 10:12 AM
    • Macau-related casino stocks are reeling after Chinese stocks fell sharply earlier today in Hong Kong, Shanghai, and Shenzhen.
    • Casino revenue in Macau has correlated strongly with broad Chinese stock market averages in the past as would be expected.
    • Decliners: Wynn Resorts (NASDAQ:WYNN) -5.1%, Las Vegas Sands (NYSE:LVS) -4.1%, MGM Resorts (NYSE:MGM) -4.1%, Melco Crown (NASDAQ:MPEL) -4.1%.
    | Mon, Jan. 4, 10:12 AM | 19 Comments
  • Nov. 18, 2015, 11:06 AM
    • Gross gaming revenue in Macau for the first 15 days of November were down in range of -31% to -34%, according to analysts based in the region. A Grand Prix event in Macau may have limited some traffic.
    • The estimate is seen as disappointing considering the recent opening of Macau Studio City, although Melco Crown (NASDAQ:MPEL) is forecast to have gained market share during the period.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), MGM China (OTCPK:MCHVF, OTCPK:MCHVY), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Nov. 18, 2015, 11:06 AM
Company Description
Melco Crown Entertainment Ltd. owns, operates and develops casino gaming and entertainment resort facilities. It is focused exclusively on the Macau market. The company also operates City of Dreams, an integrated urban casino resort located in Cotai, Macau; Altira Macau, a casino hotel located... More
Sector: Services
Industry: Resorts & Casinos
Country: Hong Kong