DALLAS, Nov. 10, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Melco Crown Entertainment Limited (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 investment report on Melco Crown Entertainment Limited (Nasdaq:MPEL) should be of particular interest to comparable casino/resort operators: MGM Mirage (NYSE:MGM), Wynn Resorts Ltd (Nasdaq:WYNN), Las Vegas Sands Corp. (NYSE:LVS) and Boyd Gaming Corp. (NYSE:BYD).
The full report is available at: http://www.stockpreacher.com/n/MPEL
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Melco Crown Entertainment Limited (MPEL), formerly Melco PBL Entertainment (Macau) Limited, is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market, an ex-Portuguese colony off the Southern coast of China in Far East Asia. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Company owns and operates Crown Macau and Mocha Clubs, a non-casino based operation of electronic gaming machines. Its other operations include Taipa Square Casino, City of Dreams, The Macau Peninsula Site and The Macau Studio City Project.
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In the report, the analyst notes:
"MPEL is one of six companies licensed, through concessions or subconcessions, to operate casinos in Macau, the only city in China where gambling is legal and which is an offshore financial centre, a tax haven, and a free port with no foreign exchange control regimes. The Company owns and operates Crown Macau resort that features a casino area of approximately 183,000 square feet with approximately 255 gaming tables and 95 gaming machines, as well as 216 hotel rooms, fine dining and casual restaurants, recreation and leisure facilities, and meeting facilities.
"In August, MPEL completed its follow-on public offering. The Company announced that the underwriters of its follow-on public offering have exercised in full their over-allotment option to purchase an additional 3,883,495 ADSs from the Company. The public offering price of the ADSs was US$5.15 per ADS."
To read the entire report visit: http://www.stockpreacher.com/n/MPEL
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