DALLAS, Jan. 6, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Melco Crown Entertainment Ltd. (Nasdaq:MPEL). The report includes financial, comparative and investment analyses, and 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) owns and develops casino gaming and entertainment resort facilities that are focused on the rapidly expanding gaming market found in Macau, a former Portuguese colony off the Southern coast of China in Far East Asia. The Company operates its superbly designed and managed facilities through its subsidiary Melco Crown Gaming (Macau) Limited, one of only six companies granted concessions or subconcessions to operate casinos in Macau. MPEL currently operates Altira Macau (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams, an integrated urban casino resort located in Cotai, Macau.
In the report, the analyst notes:
"Indicating a sustained growth, Macau's gambling revenue for the month of December reportedly increased 48% from a year earlier, boosting shares of Macau casino operators. As reported by Reuters, CLSA, Asia's leading, independent brokerage and investment group, expects Macau revenues in the first half of 2010 to be very strong. 'We believe the earnings will surprise significantly on the upside,' Aaron Fischer, CLSA's head of Asian consumer and gaming stated. "Revenue growth has been very strong for the last few months and these companies have been cutting costs a lot."
"Macau's gaming revenue has steadily improved since last summer, but U.S. results continued to disappoint investors. MPEL surged 55 cents, or 15.4%, to $4.14, on Macau's latest gaming revenue figures."
To read the entire report visit: http://www.beaconequity.com/i/MPEL
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