DALLAS, Feb. 1, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Melco Crown Entertainment Ltd. (Nasdaq:MPEL). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/MPEL
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Melco Crown Entertainment Ltd. (MPEL) is a developer and owner of casino gaming and entertainment resort facilities that are focused on the Macau market. MPEL, through its subsidiary Melco Crown Gaming (Macau) Ltd., is one of only six companies licensed, through concessions or sub-concessions, to operate casinos in this booming southern China gambling enclave. MPEL currently operates Altira Macau (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. The Company’s business also includes the Mocha Clubs, which feature a total of approximately 1,500 gaming machines in eight locations and comprise the largest non-casino based operations of electronic gaming machines in Macau.
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In the report, the analyst notes:
“A recent report from the Sydney Morning Herald said MPEL is seeking to regain its share as Macau's gaming market returns to the double-digit growth not seen since the global financial crisis started...According to the newspaper, MPEL is in fourth position with 12.5%, behind Stanley Ho's SJM with 30% of the market revenue.
“Analysts recently raised concerns about MPEL's short-term profitability due to changes in the way the Company was running its Altira casino...The analysts downgraded their Q4 earnings estimate for MPEL’s Q4 earnings to $6 million from $65 million.”
To read the entire report visit: http://www.beaconequity.com/i/MPEL
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