Melco Crown Entertainment Ltd. is a developer, owner and operator of casino gaming and resort facilities focused on the Macau market. It is jointly controlled by Crown and Melco International. The company currently operates Mocha Clubs, Altira Macau on Taipa and the City of Dreams on Cotai. The company has a JV with Belle Corp to co-license and operate Belle Grande Manila Bay in the Philippines, which is expected to open in end-2014. Also, Studio City Macau held its grand opening on 27 October 2015
I have been waiting for a downgrade if you check Tip Tops picks. Downgrade by Credit Suisse from Outperform to Neutral http://finance.yahoo.com/q/ud?s=MPEL I am not into Artificial Intelligence but I like to keep an open mind Melco PBL Entertainment Macau (MPEL) Trading Near $15.68 Support Level http://world.einnews.com/article_detail/319799718?lcode=h0JHU5mQLPjMVHRtAFz8wA==
Analyst’s Ratings on Melco Crown Entertainment Limited (MPEL) Wall Street analysts have favorable assessment of Melco Crown Entertainment Limited (MPEL), with a mean rating of 2.4. The stock is rated as buy by 5 analysts, with 6 outperform and 8 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell. Among the 20 analysts Thomson/First Call tracks, the 12-month average price target for MPEL is $18.84 but some analysts are projecting the price to go as high as $25.4. If the optimistic analysts are correct, that represents a 60 percent upside potential from the recent closing price of $15.87. Some sell-side analysts, particularly the bearish ones, have called for $14.1 price targets on shares of Melco Crown Entertainment Limited. More http://cwruobserver.com/2016/04/08/analysts-ratings-on-melco-crown-entertainment-limited-mpel/
Even though the markets are up big this morning there is some out of the norm this morning as MPEL is soaring above the other big casino stocks. Possibly there was a good outlook moving forward in the Philippines along with the good china data that came in this morning. Some time ago their was talk of James Packer taking MPEL private. Losses widen at Melco Crown's Philippines casino play http://www.smh.com.au/business/loss...-philippines-casino-play-20160413-go5ije.html Billionaire Packer in Talks to Take Crown Assets Private (back in December) http://www.bloomberg.com/news/artic...er-said-in-talks-to-take-crown-assets-private
This is speculation only but I think a buyout or going private could be the reason for unusual trading today. Macau slump dampens James Packer's casino fortunes (April 1st) Crown Resorts - 53 per cent owned by Mr Packer and the subject of a possible buyout plan by the gaming magnate - has a large exposure to Macau through its 34 per cent stake in the Lawrence Ho-run Melco Crown Entertainment. More http://www.smh.com.au/business/maca...-packers-casino-fortunes-20160401-gnw9v2.html
I am not sure that MPEL is looking for a buyer but in December James Packer was in talks to take the company private and then on April 1st there is talk of a buyout but nothing in stone. He had stepped down from the board but he still has a big stake in the company James Packer, is Australia’s third-richest man Married to Mariah Carey but of course that has nothing to with this
MPEL finished strong closing 9 cents off the HOD @16.99 on strong volume. One could say it went up just because of the rally but for MPEL the trading was unusual without some news. Note the volume compared to other stocks and the percent differences. As I said in previous posts there is something going on that has not been made public yet. I am sure we will know something soon enough.
Could it be something as simple as the recent reports about the improving economy in China? I'm unfamiliar with this industry and this stock so I wouldn't be as able to answer that question as you might be @Tiptopptrader. I'm sure there's more to it than that and something's going on in the background like you mentioned, but maybe it's just that simple?
There was good data that came in from China this morning that could have give a little spark but MPEL traded high over the other 3 big Macau casinos and on strong volume. Last year MPEL surged up 15% on rumors of going private and then settled back in price as the rumors were false. What I wrote previously was just a educated guess.
Lawrence Ho firm gains board control at Russia casino Summit Ascent Russia Ltd – a wholly owned unit of Lawrence Ho Yau Lung’s Russian casino investment vehicle Summit Ascent Holdings Ltd – is to have a majority of the directors on the board of the joint venture firm – Oriental Regent Ltd – controlling the Tigre de Cristal casino project. The other equity partners in Oriental Regent are: City Wealth Group Ltd, a firm owned by a trust set up by businessman Oleg Drozdov that holds 7.5 percent; New Crescent Investments Ltd – controlled by Mr Ho’s Melco International Development Ltd – with 5 percent; and Perfect Giant Investments Ltd with 2.5 percent. More http://www.ggrasia.com/lawrence-ho-firm-gains-board-control-of-russia-casino/
Shorts Back Out of Melco Crown as Macau Outlook Improves: Chart Bears are cutting their losses on Melco Crown Entertainment Ltd. as the Macau casino operator has rebounded as much as 46 percent in the past 10 weeks. Short interest in the U.S.-traded stock is around 4 percent of outstanding shares, a 13-month low and down from a peak of 11 percent in December. The sentiment shift comes as data show that Macau casinos’ strategic shift to attract more mass-market gamblers instead of junket-supported VIP players may be starting to take hold and Melco Crown expands its operations outside the gambling enclave. http://www.bloomberg.com/news/artic...au-outlook-improves-chart?cmpid=yhoo.headline
CLSA sees turning point for Philippines gaming sector “Melco Crown Philippines will likely deliver its strongest result since opening City of Dreams Manila,” said CLSA’s Mr Liu. http://www.ggrasia.com/clsa-sees-turning-point-for-philippines-gaming-sector/
With Macau less bad and the Philippines gaming forecast positive, MPEL has moved up a few notches on upside potential Up .51 @15.32
Looks kike they moved earnings up by two days Melco Crown Entertainment Announces Earnings Release Date MACAU, May 03, 2016 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (MPEL) (“Melco Crown Entertainment” or the “Company”), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announces that it will file its unaudited financial results for the first quarter of 2016 on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) on Wednesday, May 4, 2016, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time). To join the conference call, please use the dial-in details below: An audio webcast will also be available at http://www.melco-crown.com. http://finance.yahoo.com/news/melco-crown-entertainment-announces-earnings-150020318.html
MPEL earnings are before the bell tomorrow and held up good today considering the market. Hopefully that is a good sign.
Might be or it could be this. I give it a coin flip Casino stocks pop as Macau gambling revenue falls less than feared http://www.cnbc.com/2016/05/02/casi...adline|headline|story&par=yahoo&doc=103597447
