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Melco Crown Entertainment

  • Don’t Buy Las Vegas Sands and its Peers Right Now

    By Meena Krishnamsetty - March 29, 2013 | Tickers: CZR, LVS, MPEL, MGM, WYNN

    Las Vegas Sands (NYSE: LVS) has risen 16% year to date, though the stock is down from its levels a year ago while the S&P 500 is up 11%. In 2012, the company’s net revenue (which subtract out promotional allowances) grew 18% compared to 2011. With costs rising in line with sales, earnings showed only modest changes even after adding back an impairment charge.

    Net income available to more »

  • Las Vegas Sands Corp : Play the Bets

    By Shas Dey - March 12, 2013 | Tickers: LVS, MPEL, WYNN

    Las Vegas Sands Corp (NYSE: LVS),  the casino behemoth run by billionaire Sheldon Adelson, is a global developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. Its operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.

    Recently, Las Vegas Sands has been in the news for allegations of more »

  • Should You Short This Stock Now?

    By Shas Dey - February 7, 2013 | Tickers: LVS, MPEL, WYNN

    Las Vegas Sands (NYSE: LVS) announced fourth quarter results after the bell last Wednesday. The stock, which was at $53.38 at opening trade on Jan. 28, slipped 3.9% to $51.05 at the close of trading the next day. On the day the results were to be released, the stock gained 0.94% and closed at $51.56. However, after the results became public, the after hours quote more »

  • Hedge Fund Emerging Sovereign Group’s Newest Stocks for 2013

    By Meena Krishnamsetty - February 7, 2013 | Tickers: CTRP, MJN, MPEL, MDLZ, VRSN

    The beginning of February brought with it the latest 13F filing from J Kevin Kenny Jr., head of hedge fund Emerging Sovereign Group. Kevin Kenny started the fund over ten years ago, seeded by Julian Robertson of Tiger Management fame. He previously earned an MBA from Wharton and spent six years at investment bank Morgan Stanley. Two years ago, Carlyle Group engaged in a 55% purchase of the fund, which more »

  • Gambling With a 9% Dividend Yield

    By Johan Seijkens - January 14, 2013 | Tickers: AERL, LVS, MPEL, WYNN

    Chinese gamblers like Macau, just as Americans love Las Vegas. The big difference is that Macau generates five times more in gross gaming revenues than the casinos on the Las Vegas Strip.

    The reason that Macau is booming is because it is the only place on Chinese soil where table gaming is permitted. Gambling has been legal for more than 150 years in Macau. In 2011 Macau boasted 28 million more »

  • A Primer On Casino Stocks And Macau

    By Bob Chandler - January 11, 2013 | Tickers: LVS, MPEL, MGM, WYNN

    Those interested in casino stocks cannot ignore the activities in Macau. Macau is located about 40 miles from Hong Kong and the government opened up its gaming market in 2002. It is now the largest in the world with gaming revenues hitting a record $38 billion in 2012 compared to roughly $14 billion generated in the U.S. Nevada market. The current hotspot for casino development in Macau is called more »

  • Betting on This High Growth Casino

    By Andrés Cardenal - January 8, 2013 | Tickers: LVS, MPEL, MGM, WYNN

    Good investors have many things in common with smart gamblers: they both play only when and where they have an edge, they strive to find situations with an attractive risk and reward trade off, and they bet strongly when the odds are on their side. Speaking of gambling and investing, shares of Melco Crown Entertainment (NASDAQ: MPEL) look like a convenient bet for long term investors.

    A pure play on more »

  • Do You Agree With This Billionaire’s Bearish Bets?

    By Meena Krishnamsetty - December 17, 2012 | Tickers: DKS, MPEL, NKE, QLGC, VMW

    Paul Singer founded Elliott Associates in 1977, and since then has taken an activist approach to investing. Singer takes meaningful positions in companies that are distressed and underperforming in an effort to encourage management to unlock shareholder value, either by a spinoff or a reorganization. Singer holds a BS in psychology from the University of Rochester and a JD from Harvard. Before founding Elliott, Singer spent time at various law more »

  • 5 Casino Stocks The Smart Money is Betting On

    By Meena Krishnamsetty - December 6, 2012 | Tickers: LVS, MPEL, MGM, PENN, WYNN

    After identifying the most popular stocks among hedge funds (see our entire Top 10 list here) according to their third quarter 13F filings, we have decided to break down the top five stocks that hedge funds love in the casino industry. The top casino stocks should perform well over the interim as a strengthening in the global economy drives increased discretionary spending and corporate travel. Our list includes the hundreds more »

  • What Has Famed Hedge Fund Manager Louis Bacon Been Buying?

    By Meena Krishnamsetty - December 3, 2012 | Tickers: AGO, DG, MPEL, NWSA, NXY

    Billionaire Louis Bacon is the founder of Moore Capital Management and manages more than $15 billion in assets. Bacon received an MBA from Columbia and worked on the New York Cotton Exchange as a runner before starting Moore Capital in 1989. Bacon's flagship fund Moore Global Investments has returned 31% annually since its inception in 1990 and was up 26% last year. Here are Louis Bacon's top stock more »

  • Is it The Right Time to Invest in the Casino Industry?

    By Meena Krishnamsetty - October 26, 2012 | Tickers: LVS, MPEL, MGM, PENN, WYNN

    Wynn Resorts (NASDAQ: WYNN) posted solid earnings Oct. 24 that is pushing the stock up over 5%. EPS came in at $1.48, compared to consensus of $1.31. The casino industry may finally be seeing a turnaround on strengthening demand in Las Vegas. Wynn saw its net income up 12.5% despite falling revenue in Macau. Revenue for the Chinese territory fell 4.3% for 3Q—on the back more »

  • Which Casino Should You Bet On?

    By Anh HOANG - October 25, 2012 | Tickers: LVS, MPEL, MGM, WYNN

    Casinos are an interesting business. It makes money on the basic psychology of human beings: the desire to get rich quick. The business is really a cash cow, generating a huge sustainable cash flow over time. It doesn’t need any inventory or account receivables. However, in order to operate in the casino business, companies are required to build hotels/resorts, which incur huge capital expenditures. Investors, if interested, should more »

  • Two Value-Plays Held By Brian Kelly’s Asian Century Quest

    By Meena Krishnamsetty - September 19, 2012 | Tickers: BIDU, LVS, MPEL, WYNN

    Asian Century Quest Capital, managed by Brian Kelly, is a New York-based hedge fund with additional offices in Japan and Hong Kong. The fund holds an estimated $2.5 billion in assets under management, and primarily utilizes a bottom-up, fundamentally focused strategy that invests in long/short equities. As the name would suggest, Asian Century Quest has an emphasis on the Japanese and Korean markets. In fact, as of Brian more »

  • This Casino Stock Is High-Risk, High-Reward

    By Meena Krishnamsetty - August 27, 2012 | Tickers: LVS, MPEL, MGM, WYNN

    There are a lot of reasons to stay far, far away from an investment in Melco Crown Entertainment (NASDAQ: MPEL), a pure-play Macau casino owner of City of Dreams and Altira Macau. A number of public Chinese companies have been exposed as publishing misleading or outright fabricated financial statements, costing investors (including billionaire John Paulson) a good deal of money. Even taking Melco Crown’s numbers at face value, a more »

  • Billionaire Paul Singer’s Recent Stock Picks

    By Meena Krishnamsetty - August 23, 2012 | Tickers: BMC, CPWR, DLPH, MPEL

    Paul Singer founded Elliott Associates in 1977. Now, combined with Elliott International under the Elliott Management banner, the fund has about $15 billion under management and using a number of strategies and asset types in its investment process; it is particularly noted for debt investing and taking activist minority stakes. Only some of these assets show up in 13F filings, but what we do see should allow us to identify more »

  • Take a Gamble With This Chinese Casino Company

    By Soroush Pour - August 5, 2012 | Tickers: CZR, LVS, MPEL, MGM, WYNN

    Whether it’s Texas Hold-Em, Blackjack, or Baccarat, casinos allow their customers to gamble in nearly every way imaginable.  Understandably, the stock market can also provide card sharks with another outlet for profit potential, and iconic investors like Warren Buffett and George Soros have proven that the market odds can be turned in your favor, for lack of a better pun.  While the sheer size of these money managers  (here more »

  • Macau is Hiring

    By Chase Kimball - July 22, 2012 | Tickers: LVS, MPEL, MGM, WYNN

    Well Las Vegas Sands (NYSE: LVS) is getting another extension on their new Cotai property, now going by the name of "Parcel 3."  The new deadline to finish construction by April 17, 2016, amended from April 2013, amended from April 2011, should hopefully allow Sands to finally get ahead of a project into which they have already sunk $96.7 Million.  But does approval from the government mean the property more »

  • Gambling on Casino Stocks: Feelin' Lucky?

    By Daniel Ferry - July 20, 2012 | Tickers: LVS, MPEL, MGM, WYNN

    Over the past three months, shares of the four largest publicly-traded casino companies have all plunged between a quarter and a third, while the broader market's gains and losses came out to a wash. After such a cold streak, is it time for gaming stocks to heat up? No card counting or lucky charms required to see that incumbent casino operators are looking like good bets. The most established more »

  • Asia's Love of Gambling

    By Chase Kimball - July 13, 2012 | Tickers: LVS, MPEL, WYNN

    I have to agree with Goldman's recent finger-wagging against the gaming industry pessimists.  While Macau is slowing down, it is important to keep in mind that a "slow down" is a relative term.  In June, Macau gaming revenue was expected to grow 15%.  Instead it grew 12.2%.  There was also a typhoon, a bit of a dud, but one that was hyped enough to keep tourists away.  The more »

  • Is it Time to Gamble on these Casino Operators?

    By Ali Ghorbanzadeh - May 22, 2012 | Tickers: IGT, LVS, BJK, MPEL, MGM, WYNN

    Recently, casino stocks have been bludgeoned as economic worries persist and consumers continue to be squeezed. Moreover, the Nevada Gaming Board earlier in the month reported that year over year gambling revenue in the month of March fell 11% to $854.6 million, breaking a streak of five consecutive months of rising revenues and further spooking investors. So, with all this negative news, are investors justified in sending their stock more »

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