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Melco Crown Entertainment Limited (MPEL)

  • Fri, Jan. 2, 10:33 AM
    • Macau stocks slide after a weak report on December amaing revenue puts an exclamation point on a disappointing year for the sector.
    • Previously: Macau turns the page on tough 2014
    • Decliners: Melco Crown (NASDAQ:MPEL) -5.0%, Las Vegas Sands (NYSE:LVS) -3.7%, SJM Holdings (OTCPK:SJMHF) -2.5%, Wynn Resorts (NASDAQ:WYNN) -2.9%, Galaxy Entertainment (OTCPK:GXYEF) -1.7%.
  • Fri, Jan. 2, 7:15 AM
  • Dec. 30, 2014, 7:13 AM
    • Visits to Macau increased 15% Y/Y in November, according to the Statistics and Census Service.
    • The number of visits from Mainland China rose 28%.
    • Visits from South Korea increased, while visits from the U.S., Hong Kong, and Taiwan were lower.
    • The average length of a visitor stay was down 0.1 day to 0.9 day on a rise in day-trippers.
    • YTD Macau visits +8% to 28,985,562.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
    | Comment!
  • Dec. 22, 2014, 11:05 AM
    • Chinese President Xi Jinping devoted most of his energy to taking shots at dissidents in Hong Kong, instead of the gaming industry in Macau, during his visit to the territory over the weekend.
    • Casino analysts didn't see the elevated level of "heavy-handed" rhetoric that some expected.
    • The crackdown by Beijing on corruption and visa restrictions has been a major factor in Macau traffic this year.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 19, 2014, 10:32 AM
    • Chinese President Xi Jinping visits Macau this weekend in a trip aimed at promoting new industries in the former Portuguese colony.
    • Yesterday, Macau inked a service trade agreement with China which could open the door for new non-casino development.
    • The financing of VIP junkets continues to be a major topic in the region.
    • What to watch: Casino license discussions begin next year with concessions due to start expiring in 2020. It's expected that most operators will placate Beijing and offer to diversify their operations to a degree.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 17, 2014, 9:56 AM
    • Macau casino names are down sharply after reports break of a major crackdown by Beijing on monitoring funds coming into casinos in the gambling mecca.
    • The government says the Ministry's Economic Crimes Investigation Bureau will have broader electronic access to fund transfer information.
    • Previously: Major funds crackdown imminent in Macau
    • Decliners: MGM Resorts (NYSE:MGM) -4.7%, Melco Crown (NASDAQ:MPEL) -3.3%, Las Vegas Sands (NYSE:LVS) -2.8%, Wynn Resorts (NASDAQ:WYNN) -2.9%, Galaxy Entertainment (OTCPK:GXYEF) -7.3%.
  • Dec. 17, 2014, 7:28 AM
    • Beijing is set to launch a major crackdown on tracking the sources of money flowing into Macau casinos, according to the South China Sea Post.
    • Electronic monitoring of all money transfers made through the China UnionPay payment system will be initiated by authorities.
    • Unlike other fleeting crackdowns, this one is being called the "new normal" by casino insiders.
    • Casino stocks crumbled in trading in Hong Kong earlier today.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 15, 2014, 7:54 AM
    • The Q-50 Index houses those companies next-eligible for inclusion into the Nasdaq 100 (NASDAQ:QQQ). Amid the Nasdaq 100's annual changes which added and dropped three from the index, the Q-50's quarterly re-ranking adds and drops eleven.
    • Added: Ainylam Pharma (NASDAQ:ALNY), Expedia (NASDAQ:EXPE), F5 Networks (NASDAQ:FFIV), (NASDAQ:JD), MercadoLibre (NASDAQ:MELI), Maxim Integrated (NASDAQ:MXIM), Old Dominion Freight Line (NASDAQ:ODFL), Shire (NASDAQ:SHPG), Splunk (NASDAQ:SPLK), Stratasys (NASDAQ:SSYS), United Therapeutics (NASDAQ:UTHR).
    • Dropped: Avis Budget (NASDAQ:CAR), Cree (NASDAQ:CREE), First Solar (NASDAQ:FSLR), Golar LNG (NASDAQ:GLNG), Methanex (NASDAQ:MEOH), Melco Crown (NASDAQ:MPEL), Nuance (NASDAQ:NUAN), SolarCity (NASDAQ:SCTY). Also dropped are the three Nasdaq 100 additions: American Airlines, Lam Research, and Electronic Arts.
    • Source: Press Release
    • Previously: Who's in, who's out in annual change to Nasdaq 100 (Dec. 13, 2014)
  • Dec. 11, 2014, 10:49 AM
    • Wells Fargo forecasts gaming revenue in Macau will fall 23% to 27% in December.
    • The investment firm sets its outlook after factoring in reports on revenue for the first week of the month and analyzing the impact of PRC President Xi Jinping’s visit to Macau next week.
    • "We see the potential for further downside risk to our below-consensus fourth-quarter Macau company estimates," sums up a WF note."
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 10, 2014, 8:11 AM
    • S&P issues a positive report on the gaming market in the Philippines in front of a planned increase in capacity in the nation.
    • Melco Crown (NASDAQ:MPEL) opens its highly-anticipated City of Dream Manila casino complex later this week in the Entertainment City region which has been tapped to become the Philippines version of the Las Vegas Strip.
    | Comment!
  • Dec. 8, 2014, 1:04 PM
    • Macquarie cuts earnings estimates across the Macau gaming sector.
    • The global investment bank warns on operating leverage slipping for the group as labor cost inflation kicks in around new openings.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 5, 2014, 7:05 AM
  • Dec. 3, 2014, 7:55 PM
    • A top lawmaker in China issued a warning to Macau about the region's heavy reliance on casino revenue.
    • The shot comes just ahead of a visit by Chinese President Xi Jinping.
    • An extended crackdown by Beijing on corruption (VIP segment) and visa restrictions (mass market segment) has cut into the explosive growth rates that casino operators in the region enjoyed over the last several years.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
  • Dec. 3, 2014, 8:23 AM
    • Shares of Melco Crown (NASDAQ:MPEL) are lower in early trading on more concerns over visa restrictions in Macau.
    • Macau revenue was off 20% in November in a development that has rattled investors.
    • MPEL -2.0% premarket.
  • Dec. 2, 2014, 8:29 AM
    • SJM Holdings (OTCPK:SJMHF) took the market share lead back in Macau during November.
    • The casino operator held 22.6% of gaming revenue in the gambling mecca to just edge Sands China (NYSE:LVS) and Galaxy Entertainment (OTCPK:GXYEF) which were also both over the 20% share mark.
    • Rounding out the top six was Melco Crown (NASDAQ:MPEL) at 13.4%, MGM China (NYSE:MGM) at 11%, and Wynn Macau (NASDAQ:WYNN) at 9%.
    | 1 Comment
  • Dec. 1, 2014, 8:10 AM
    • Gaming revenue in Macau fell 20% in November to 30.18B pacatas ($3.779B), according to government data.
    • The poor month nearly makes it a certainty that 2014 will be the first year of a revenue decline in Macau since 2002.
    • Tighter visa restrictions and growing fears by investors of funding high-roller junkets have taken a toll on traffic in the region.
    • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
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Company Description
Melco Crown Entertainment Ltd is an owner and developer of casino gaming and entertainment resort facilities in Macau.
Sector: Services
Country: Hong Kong