Lionsgate Looks to Make 'Power Rangers' a Series of Movies
Lionsgate shared its plans for upcoming movies, including its positive view on turning "Power Rangers" into a movie series.
By Jerri Lynn | May 23, 2015 02:11 PM EDT
Lionsgate CEO Jon Feltheimer and fellow executives shared their plans and update on the upcoming "Power Rangers" reboot movie, which is scheduled for release on January 13, 2017, saying that they see it as a significant series of movies.
We're very excited and with Dean's vision; we felt very comfortable looking for opportunistic dating. We really believe that great movies deliver no matter what date they're on," Lionsgate Motion Pictures Group Co-Chairman Rob Friedman explained, according to Comic Book.
Despite pushing the movie from July this year to January of next year, Lionsgate is very confident and optimistic about the 'Power Ranger' movie series.
Other productions of Lionsgate are already on the way, as the company is getting back together with "Hunger Games" director Francis Lawrence & Co. for Homer's "The Odyssey," which will be "more than one" film and will begin filming early next year, The Wrap reported.
The studio is also looking into an adaptation of the book called "The Iliad" and is already working on 'Now You See Me 3," even though the second film won't be out until June 2016.
Lionsgate plans to put out 14-15 films in 2016 and looks to go beyond that estimate in 2017.
Melco Crown Entertainment Ltd Upgraded to Neutral at Zacks (MPEL)
December 16th, 2014 - by Matt Cooper
Melco Crown Entertainment Ltd (NASDAQ:MPEL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $23.70 price objective on the stock. Zacks‘s price objective points to a potential upside of 2.38% from the stock’s previous close.
A number of other analysts have also recently weighed in on MPEL. Analysts at Buckingham Research reiterated a “buy” rating on shares of Melco Crown Entertainment Ltd in a research note on Friday, November 7th. They now have a $33.50 price target on the stock, down previously from $41.00. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Melco Crown Entertainment Ltd from an “overweight” rating to a “neutral” rating in a research note on Friday, November 7th. They now have a $27.00 price target on the stock, down previously from $29.00. Finally, analysts at Nomura downgraded shares of Melco Crown Entertainment Ltd from a “buy” rating to a “neutral” rating in a research note on Thursday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.74.
During the same quarter last year, the company posted $0.33 earnings per share. Melco Crown Entertainment Ltd’s revenue was down 10.3% compared to the same quarter last year. On average, analysts predict that Melco Crown Entertainment Ltd will post $1.28 earnings per share for the current fiscal year.
Monday, 15 December 2014 07:58
City of Dreams opens in Manila
Melco Crown Entertainment held the soft opening of its $1.4 billion City of Dreams integrated resort in the Philippines on Sunday, becoming the second casino to open in Manila’s Entertainment City hub and the largest property by far. Doors opened to the public at 3 pm with the mass gaming areas, CenterPlay, a live performance lounge inside the casino; Nobu restaurant and tea lounge; Hyatt Hotel and some F&B and retail areas operational.
The company has said the grand opening will be held before Chinese New Year in 2015.
The resort will be have more than 365 gaming tables, 1,700 slot machines and 1,700 electronic table games and is widely seen as the start to a true gaming center in the country.
Melco Crown says its latest integrated resort will have a strategic mix of hotel brands, ensuring a "celebrity-inspired and fun-luxury experience." It will have six hotel towers, including the 260-room Crown Towers hotel, which will cater to the high-end VIP and premium mass market segments, and the 321-room Nobu Hotel Manila, a project spearheaded by celebrity chef Nobu Matsuhisa, and championed by Hollywood actor Robert De Niro and Hollywood producer Meir Teper.
The resort, developed with local partner Belle Corp., will feature a wider range of entertainment options than currently available in the Philippines’ other casino resorts.
Venues will include Manila’s first branded Family Entertainment Center, a venture with Hollywood film studio Dreamworks.
Despite being in the early stages of development, the gaming industry in the country is expected to pull in as much as $4.5 billion by 2018, double the 2013 levels, according to J.P. Morgan. About 45 percent of that additional growth is likely to be driven by City of Dreams.
I am new to buying this type of foreign share. Can someone briefly explain what there two types of equities are (GXYEF vs GXYEY) and why they don't seem to move that closely in tandem. Is there an advantage in buying one over the other? Why are they so thinly traded? I see the same types of shares for Sands China and Wynn Macau. Thanks.
Forbes - 03-30-2014 Weekend Box Office
In holdover news, Divergent earned $26.5 million in its second Friday, down about 51% from last weekend. That’s a pretty decent hold for this kind of picture, and it’s significantly less than the 62% plunge for Twilight film and Hunger Games film respectively. Heck, its second weekend was just over the second weekend of Twilight even with a smaller debut weekend. Divergent now sits with $95.2m. It’s clear the fans like what they got last weekend, so this one isn’t close to done yet.
“Divergent” was the No. 1 movie at the box office over the weekend, taking in $56 million. It takes place in a bleak futuristic world in which no one's ever read or seen “The Hunger Games.”
Sentiment: Strong Buy
Yahoo doesn't seem to let me post the whole article, but it's a good read...
James Packer Bets Big On Asia's Casino Sector
Forbes Asia 1/29/2014
This story appears in the February 10, 2014 issue of Forbes Asia.
This article is available online at:
Packer concedes that with Macau he has hit the jackpot. “The business in Macau is going amazingly; I’ve been very lucky that it has been more successful than I would have thought possible.” For that, he says, the Melco Crown cochairman (with Packer) and chief executive, Lawrence Ho, deserves much of the credit.
The pair joined forces in 2004 and faced a baptism of fire when their first project, the upmarket but poorly situated Crown Macau (now renamed Altira) in Taipa got off to a slow start in 2007. Then their second Macau venture, the $3 billion City of Dreams, opened in 2009 just as the financial crisis was biting. Unlike the Las Vegas gamble, however, Macau came good, with City of Dreams focusing on the premium mass market. Melco Crown also holds a 60% stake in a third Macau casino project, the $2 billion Studio City on the Cotai strip, due to open in mid-2015 with a movies theme –and with obvious potential tie-ins to Packer’s new venture, RatPac Entertainment. (See box, p. 52.)
Macau, a special administrative area of China, used to be called Asia’s Las Vegas–until its gambling revenue outstripped the U.S. gambling capital’s seven years ago. It rose 19% to $45.2 billion last year, according to Macau Gaming Authority. That’s seven times Las Vegas’. Melco Crown, one of six companies with a Macau casino license, has roughly 14% of the market.
Quidel • QDEL-Nasdaq
Buy • Price $27.44 on Dec. 30
by Canaccord Genuity
CDC [Centers for Disease Control] data revealed that flu activity for week 51 (ended Dec. 21) increased 70bps (0.70 percentage points) in one week. Although flu started slowly this year compared with last, Quidel is poised to benefit from an uptick in distributor ordering for its flu tests through the first quarter of 2014.
Specifically, the CDC data reveal that ILI (influenza-like illness) increased to 3.0%, up from 2.3% last week, and that it is trending well above the national baseline of 2.0% for this class of illness. Six states (vs. two states three weeks ago) have now experienced "high" ILI activity, and eight states (versus two states three weeks ago) experienced "moderate" activity.
We are keeping our flu estimates intact and continue to call for an "average" flu season. For fourth-quarter 2013, we estimate Quidel's flu revenue at $17 million, up sequentially from $11 million in the previous quarter but below [2012's] strong fourth quarter of $26 million. While flu-test manufacturers like Quidel generally have small inventories, we expect the uptick in flu incidence will likely trigger distributor purchasing of Quidel's tests.
Our $35 price target uses a roughly 5.5 times price-to-sales ratio on our 2014 revenue estimate of $211 million. The peer group trades at 4.1 times 2014 revenue.
Barron's research reports 01-04-2014
Stone Energy • SGY-NYSE
Buy • Price $33.80 on Dec. 30
SGY's latest exploration prospect in the Deepwater Gulf of Mexico, San Marcos (25% w.i., or working interest), will be P&A'd [plugged and abandoned] after it failed to encounter commercial hydrocarbons. This is a disappointment for shareholders, as the prospect had been a sizable catalyst for the company, with gross resource potential of 10 to 100 MMBoe [million barrels of oil equivalent]. However, San Marcos was also a higher-risk event, with a probability of success estimated at 35% to 40%. We estimate the company's cost exposure to be some $30 million net (included in fourth-quarter 2013 capital expenditures).
On a more positive note, the company's program in the deepwater is progressing as planned. Amethyst (100% w.i.) is drilling at 15,300-foot depth toward a TD [total depth] of some 20,000 feet with results expected in late January (slightly ahead of schedule). This wildcat exploration well has gross resource potential of 8 to 56 MMBoe. If successful, Amethyst could add $50 to $400 million to our NAV (net asset value), or $1 to $8/share. It could also help de-risk SGY's Derbio prospect (100% w.i.). We'd estimate the impact to production from Amethyst to be 5 to 10 MBoe [thousands of barrels of oil equivalent] per day. Meanwhile, the first of two Cardona wells (65% w.i.) are expected to spud [start up production] in early January. These prospects represent lower-risk opportunities with gross resource potential of 2 to 18 MMBoe per well.
While the disappointment at San Marcos could pressure the shares in the near term, the company's coming catalysts are supportive of the longer-term investment thesis. Thus, we reiterate our NAV-based target price of $40, as we hadn't been including any deepwater exploration potential.
Nov 9, 2013
New Luxurious Club to open in City of Dreams Manila
A new luxurious nightclub is expected to open next year in City of Dreams Manila’s iconic Fortune Egg. As you might know City of Dreams Macau hosts Macau’s most popular night club (Club Cubic) so of course we can expect the Manila City of Dreams night club to be a world class club as well.
We have a feeling that the creators of Republiq (Embassy, Opus, Prive, etc.) might be the ones to operate this club, but this is unconfirmed as of now.
Billionaire Razon Jumps to Casinos from Containers
By Netty Ismail - Nov 7, 2013. Bloomberg Markets Magazine
blurb from article...
Sy is teaming up with two Macau casino moguls: Australian James Packer and Lawrence Ho, a son of Stanley Ho, who opened the first Macau casino 51 years ago. A third casino will be operated by Japanese gaming magnate Kazuo Okada and a fourth by billionaires Andrew Tan, of the Philippines, and Lim Kok Thay, of Malaysia. Tan and Lim have operated a gaming complex near Manila’s international airport since 2009.
The Philippine casinos will add to the explosive growth of the Asian gaming business, led by Macau, which has expanded from one casino run by Stanley Ho in 1962 to more than 100 today. Bettors from China fueled a 14 percent revenue surge in Macau in 2012, to $38 billion -- six times the amount taken in by the Las Vegas Strip. Second after Macau is Singapore, whose two resorts pulled in $5.9 billion in 2012, according to data compiled by Bloomberg. Roulette wheels are also spinning in Australia, Cambodia, Malaysia and South Korea. Vietnam joined the parade in July, when it opened its first major casino resort.
After construction is finished, Solaire will have cost $1.2 billion -- $200 million of which is Razon’s own money, he says. In its first full quarter of operation, ended June 30, Solaire reported 3.6 billion Philippine pesos ($83 million) in revenue and net profit of 22.7 million pesos.
The 18,500-square-meter (200,000-square-foot) casino has 1,200 slot machines and 300 gaming tables. The first floor caters to local residents and tourists. The second level is designed for professional gamblers from China, South Korea and other Asian markets, with private rooms and views across Manila Bay.
•[video] Why U.S. Casinos Aren't Gambling on Manilaat MarketWatch(Mon 9:15PM EDT)
Why U.S. Casinos Aren't Gambling on Manila
The Philippines' first high-end casino-resort opened in Manila, as the country tries to become Asia's third major gambling destination after Macau and Singapore. The WSJ's Kate O'Keeffe tells us whether the country can make a name for itself in the industry.
Does anyone know who makes "Fast Action Baccarat"? It sounds like a great idea (and possible investment?).