DALLAS, Aug. 2, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Melco Crown Entertainment Ltd. (Nasdaq:MPEL). The report includes financial, comparative and investment analyses and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/MPEL
MPEL has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, MPEL is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Melco Crown Entertainment Ltd. (MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Melco Crown Gaming is one of six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Company owns and operates City of Dreams, Altira Macau, Mocha Clubs and Taipa Square Casino. Its other projects include City of Dreams phase 2, Macau Studio City Project and Macau Peninsula Site.
Message Board Search for MPEL: http://www.boardcentral.com/boards/MPEL
In the report, the analyst notes:
"For the second quarter of 2010, net revenue was US$573.6 million, representing an increase of approximately 166% from US$215.8 million for the comparable period ended June 30, 2009. Adjusted EBITDA was US$73.4 million for the second quarter of 2010, as compared with an Adjusted EBITDA loss of US$23.8 million in the second quarter of 2009. The year-over-year improvements in net revenue and Adjusted EBITDA resulted primarily from the opening of City of Dreams in June 2009, providing only a limited contribution to the prior year comparable.
"For the six months ended June 30, 2010, MPEL reported net revenue of US$1.141 billion versus US$432.3 million in the six months ended June 30, 2009. The year-over-year increase in net revenue was driven by the opening of City of Dreams in June of 2009."
To read the entire report visit: http://www.microstockprofit.com/lp/MPEL
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