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Melco Crown Entertainment Limited Message Board

  • ipsophakto ipsophakto Feb 14, 2013 12:42 PM Flag

    Barron's: VIP concerns overblown - MPEL in great shape

    "The analyst community came out in support of the Macau gaming stocks last week, calling the reports of a new crackdown overblown. Janney Capital Market’s Brian McGill has another piece of good news for Melco’s investors–the company gets more revenue from mass gaming than high-rollers."

    Sentiment: Strong Buy

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    • coolguy7701 Feb 14, 2013 12:59 PM Flag

      Investment analysts at Jefferies Group said in a note to investors that the signs coming from the mainland economy are still far from hinting a VIP gaming rebound in Macau.

      The firm believes Macau’s gross gaming revenue will grow by only 8 percent this year, which would be slower than the 13.5 percent recorded last year,

      From: Macau Business
      Beijing set to crack down on junkets: Report

      • 1 Reply to coolguy7701
      • Pent up demand from a market potential of 1 Billion+ mainland residents suggests otherwise. The money is in mass, particularly as china's transition to capitalism matures. LA is to Vegas as mainland china is to Macau. Pay attention to the population counts to gauge the demand and potential. The Chinese are stretching their capitalist proclivities and LOVING it. They love to gamble, hell or high water.

        Sentiment: Strong Buy

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