Melco Resorts and Entertainment Ltd (MLCO)

[sbcjr77]

next run to $4.40 i'm getting out this stock is like watching paint dry does nothing good for me

[yadgar]

Melco Crown Entertainment Raised To Neutral From Underperform By Credit Suisse - ...

[Teaks1185]

shorts have been covering here for a few days. i think the financial release tomorrow will be positive. maybe a 10%+ jump up is in the cards

[fordgonracn]

65% rise year over year,2 Operating Casinos,8 Mocha Clubs,Harrah Interests! Things Lining Up Very Nicely ;o) GLTU

[yadgar]

Casino Shares Climb As Macau Gaming Revenue Jumps In Januar



http://tradingtipsnow.com/blog/?p=1032

[fordgonracn]

Was Looking for the $5-6 Area But with this New Development I Just might have to Hold a Little Longer!! a Very Intriging and Possibly Profitable Development ;o) GLTU

[sbcjr77]

in general the book value does not affect the actual PPS of a stock. stocks trading above there book value is normal. some stocks trade 3, 4 and 5 times there book value

[sbcjr77]

MPEL is the only casino stock with a 4 star caps rating at the motley fool

http://caps.fool.com/Ticker/MPEL.aspx

[sbcjr77]

you were right and look at this paragraph:

"Shares in Melco Crown rose 6 per cent on Thursday (US time) to $US3.58, after the Sterne Agee analyst report was published. The broker put a $US8.50 target price on the stock."

[sbcjr77]

Harrah's seeks Crown's Macau casinos stake
VANDA CARSON, SYDNEY
January 31, 2010

THE James Packer-controlled Crown could get an offer for its $US600 million ($A675 million) stake in its Macau joint venture.

David Bain, a gambling analyst with the southern California arm of broking firm Sterne Agee, said in a note to clients that the world's biggest casino operator, Harrah's Entertainment, was ''acutely interested'' in buying the 32 per cent stake in Melco Crown Entertainment.

Melco Crown owns two casino's in Macau: the $US3 billion City of Dreams and $US1 billion Altira Macau. City of Dreams focuses on VIP high-rollers and has 467 tables and 1293 poker machines, while Altira is aimed at mass market gamblers.

Citing ''contacts in Macau'', Mr Bain said solicitors working for Macau's chief executive, Fernando Chui Sai On, had been asked to examine ''a potential transfer of ownership'' of shares in Melco Crown Entertainment from Crown to Harrah's.

Mr Packer has a long-standing relationship with senior executives at Harrah's, and Crown has a 2.5 per cent interest in Harrah's. The value of the stake in Harrah's has been reduced to zero as part of $1.7 billion in write-downs by Crown over the past two years.

Harrah's is owned by US private equity firms TPG, Apollo Management and Blackstone Group. It is best known for its Caesar's Palace casino, one of eight, in Las Vegas. Harrah's is one of the few major US casino companies without a presence in Macau and its chief executive, Gary Loveman, has indicated he would like to open there. To do this Harrah's must either get a gambling concession from the Macau Government, partner an existing company or buy into a company.

The Government has already issued six concessions in Macau where there are 36 casinos. Harrah's US rivals all have at least one casino in Macau either because they are one of six concession holders, or they bought ''sub concessions'' from the six.

New operators are effectively shut out of the market under the concession system because the chances of the Macau Government issuing more gambling concessions are slim.

Last week, the director of Macau's Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, emphasised this when he said: ''I think the possibility of more concessions is very low."

This leaves a partnership or a purchase of one of the concession holders as the most likely option. Crown's 32 per cent stake in Melco Crown was worth $US595 million, based on Friday's closing price.

Shares in Melco Crown rose 6 per cent on Thursday (US time) to $US3.58, after the Sterne Agee analyst report was published. The broker put a $US8.50 target price on the stock.

Melco Crown is due to report its fourth quarter results late tomorrow night (Melbourne time).

Crown spokesman Anthony Klok said yesterday that Crown would never comment on rumours.


http://www.brisbanetimes.com.au/business/harrahs-seeks-crowns-macau-casinos-stake-20100131-n6ke.html

[sbcjr77]

2,000 shares with an AVG of $3.62 i have been buying this for a while and adding I'm ready to see $8

[fordgonracn]

Excellant DD MBM!! Fx if your around IMO this is Worthy of a Sticky. I work for Harrahs and Play in the Gaming Sector Quite Frequently and had No Ideal of these Details!! Quite Intriguing I must Say! Lots of Hurdles to jump, but Quite an Event for MPEL if Moved Upon! GLTA

[Master Bread Maker]

Holy Cow!!! Not pumping just wanted to let whoever would like to make a buck or two. Check this out!!! I'm all in BABY!!!

http://www.scribd.com/doc/26011440/Company-Report

[Master Bread Maker]

Harrah's Entertainment recently announced the acquisition of a large golf course on Macau's Cotai Strip® area. Although the company says it will be used for golf, I can't help but think Harrah's true intention is to one day build a casino complex there. So, I thought it would be helpful to write a brief introduction on Harrah's and it's Asian dilemma, since many Asian readers who have not been to Las Vegas or are not involved in the gaming industry may not be familiar with the company.


Harrah's Entertainment
Harrah's is the largest casino company in the world. The company has a strong presence in the US's two main gaming markets (Las Vegas and Atlantic City), owns dozens of casinos throughout the United States, and also owns casinos across three other continents. Harrah's three main casino brands are Harrah's, Caesar's, and Horseshoe. In total, Harrah's hosts over 100 million visitors per year and generated close to $10 billion in revenue in 2006. Generally speaking, Harrah's caters to more of a mid-tier, mass market customer, vs. the high-end customer that companies like Wynn and MGM target.


Harrah's is currently a publicly traded company (HET) but is in the process of being taken private through an LBO.


Harrah's Has No Asian Presence
Harrah's competes primarily with MGM-Mirage, Wynn Resorts, and Las Vegas Sands (LVS) in the US and increasingly throughout the world. However, Harrah's has missed out on some of the most lucrative new markets in the world - Macau and Singapore.


Not only do these missed opportunities in Asia probably sting the egos of Harrah's executives, it could potentially start stinging the company's wallet as well. The Asian high roller is a very important aspect of Las Vegas gaming, and the big Vegas companies all fight over these customers.


Companies like MGM, Wynn, and LVS now have a big advantage over Harrah's since they have casinos in Macau that they can now use to cater to, and cross-sell to, its Asian customer base. But more importantly, Harrah's is losing out on a huge growth driver - the one billion Chinese who may never visit Las Vegas, but will become familiar with, and visit, the Macau casinos of Wynn, LVS, and MGM.


Harrah's Buys Golf Course
In September, 2007, Harrah's announced that they will be acquiring the 175 acre Macau Orient Golf Course in Cotai. This plot of land is the last attractive parcel of land left on Cotai. The golf course is located next to the Lotus Bridge border crossing from Hengqin to Macau and adjacent to the upcoming Macao Studio City.


In Harrah's press release discussing the acquisition, Harrah's said the following things:


"This investment reaffirms our commitment to Asia and to the Macau market. We are delighted to have a compelling amenity to offer our best customers in one of the most exciting and dynamic markets in the world."


"Golf courses are a proven attraction for our customers. We are eager to improve the golf course to make it one of the most authentic links-style courses in the Pearl River Delta enhancing the quality of attractions available for visitors to Macau."


Harrah's Dilemma
Did you notice how the word "casino" was not used in the Harrah's quotes above?


Let's be realistic. Sure, its great to offer your customers a golf course in Macau, but that's not the real reason you spend all that money on 175 acres of land in one of the most desirable locations in all of Asia. You buy the land to generate as much revenue and profits as possible, and in Cotai that means gambling.


Harrah's problem is that they do not have a Macau gaming concession, so they can not operate their own casino.


Harrah's Solution
One alternative for Harrah's is to wait, and hope, that one day the Macanese government issues more gaming concessions. That could be a long wait for Harrah's, if it ever happens at all. And while Harrah's waits, they lose out on the most lucrative gaming market in the entire world.


The second alternative would be for Harrah's to build their casino and hotel complex but hire a concessionaire to manage the casino aspect while Harrah's would run everything else . Sound familiar? That's what Macao Studio City is doing.


It is hard to believe that Harrah's would hire one its arch rivals (Wynn, LVS, or MGM) to run its casino, and Harrah's could lose all of their licenses in the US if they teamed up with someone as controversial as Stanley Ho, so that only leaves one other casino manager - Melco PBL.


Just be Thankful
We may not yet know what Harrah's true intention is for Macau, but we should all be thankful that Harrah's has arrived in Macau. Harrah's knows all about gambling, entertainment, and bringing its customers back for more. So whatever they do plan for The Cotai Strip® , it will probably be something amazing.

[Master Bread Maker]

GREAT NEWS!!! Harrah's is buying out Mpel's debt.... From what I hear its not just a rumor: )

[Master Bread Maker]

This report should be looking really good. Gaming is up in that part of the world. I've seen where they have fired a marketing vendor from contract but this won't hurt the pps all that much. I'm expecting a rise with a continued uptrend. GLTA

[fordgonracn]

Showtime Coming Soon!? Everyone Have their Tickets? GLTA

[lightbeam]

Thanks.

[fordgonracn]

Tax Write-Off Season Over,4th Quarter Earnings around the corner,Macau Reporting 48% gain year over year,MPEL Has Been in a 3 Month Decline and Now Bottomed? Pick 1 or All! Playing the History, What comes Down Usually Goes back UP. Thats what I Place My Bets on,In Part. So Many Sweet Picks in this Sector! GLTU

[lightbeam]

hell of a bounce. What is up with this.

[fordgonracn]

Looks like the Trains back on the Tracks after Derailment Yesterday due to a Bad Unemployment Report. ConGrats to those who Hold and Those that Chose to Lock in Profits as Well. Lookin for a Great Earnings Report due to City of Dreams. GLTA

[inflationista]

to be clear, in my last post, i meant that i would ditch at 426 -

good luck -

[stock-up]

I am as well with a book of 5.099

[inflationista]

i've seen enough - 426

[fordgonracn]

Rock_It MPEL Rock-It!!!! Weeeeeeeee I am Sure Glad its January!! Are you still Here Fx?? Its Alive!!! GLTA holdin for 5-6 +

[inflationista]

LUSA reported market share numbers:

http://tinyurl.com/yeeae6v

Melco has at least 20% to get to Goldman's target, and those figures do not account for a full year of the new City of Dreams opened mid-summer -

COD blends mass market and VIP in its 3 casinos -

it has retail and convention space which the chinese government is encouraging as a way to diversify instead of straight gambling income -

the chart is also in great shape, i'm holding for at least $4, with maybe a trade in the low 360's -

expect some further consolidation if we don't get scanners alerting overnight -

I SPENT ALL WEEKEND DOING DEEP DD ON THIS STOCK, I AM VERY CONFIDENT IN MY STAKE AT THESE LEVELS -

[inflationista]

hmmm - this never got posted to yahoo:

http://www.businessspectator.com.au/bs.nsf/Article/INTERVIEW-Melco-Crown-says-no-plans-to-raise-equit-YK9XK?OpenDocument

[inflationista]

yeah, goldman cut them to a target of 4.2 from 6.2 (20% higher than thursday's close) overnight after a 3 month slide, and right after citi and UBS raised las vegas sands china to outperform -

i'm wondering what their short position looks like if they have to circle the wagons on a half billion OS -

[peewee]

MPEL rated a buy here / http://www.cnanalyst.com/upside/
Target 6.95
3 Melco Crown Entertainment Ltd MPEL N/A 66% N/A -22% 2.33 Buy 6.95 3.37 106% 6% 23.05% 15.67%

[inflationista]

here's another CLSA report, i particularly read the china and hong kong parts -

https://www.clsa.com/assets/files/reports/CLSA-EoAE-1Q10-091216.pdf?disclaimer=on&username=nganp&password=2389

[mylastdollar]

I've been watching it myself, I thought yesterdat might bring it down but it held nicely. I'm holding because it has lots of upside potential. A lot of bargains out there.

[inflationista]

closed at key support, setting a stop tomorrow, prob 325 or so -

some reading material from the analysts at CLSA:

https://www.clsa.com/assets/files/reports/CLSA-Macau-EightTreasures-20090526.pdf

[inflationista]

this is the guy to watch: Chui Sai On -

any revision to drop or lower travel restrictions on chinese nationals to macau, or to revise down the gaming taxes imposed on the casino are key issues to watch for -

[sbcjr77]

I first bought in at $4.42 for 200 shares then bought 300 more at $3.36 I hope we find the bottom soon although I would love to add 1000 shares if it hits $3 but I don’t think it will go that low

[mylastdollar]

I'm in at 3.44, might see it dip a little more but this will go up huge when the volune buyers get back in the saddle. I've been hunting bargains and sitting on them.

[inflationista]

some employment news from bloomberg:

By Sophie Leung

Dec. 30 (Bloomberg) -- Macau’s unemployment rate declined to an 11-month low, as gambling industry revenue jumped on the 10th anniversary of the former Portuguese enclave’s return to Chinese rule.

The jobless rate for the three months ended Nov. 30 slid to 3.3 percent from 3.5 percent in the previous period, the Statistics and Census Service said today on its Web site.

Macau’s government in 2002 opened up the gambling industry and ended the monopoly that had been held by gaming magnate Stanley Ho and his son Lawrence Ho, boosting revenue that has been channeled into education and infrastructure. China’s President Hu Jintao urged Macau to diversify its economy in a speech earlier this month.

“Macau has allotted more money coming from the gaming boom to education expansion. A lot of colleges have opened up in last 10 years,” Michael Degolyer, a political scientist at Hong Kong Baptist University, said in a phone interview today. The city’s labor market outlook is “quite good,” he said.

Macau’s economy expanded 8.2 percent from a year earlier in the three months through Sept. 30, snapping a nine-month long run of declines.

New Campus

The Chinese central government in June approved Macau to have jurisdiction over a new campus of the University of Macau, the city’s largest college, on Hengqin Island in the southern city of Zhuhai in mainland China.

The Hong Kong-Zhuhai-Macau bridge, expected to be completed in 2015, will “greatly enhance transport in the Pearl River Delta Region and the integration of Guangdong, Hong Kong and Macau,” Macau’s former Chief Executive Edmund Hosaid on Dec. 15. The bridge will “make a substantial impact” on Macau as a transport and conference center in Asia, Degolyer said.

“The central government has expanded Macau, they have literally allotted Macau additional territory,” said Degolyer. China’s State Council, the nation’s cabinet, approved a plan to reclaim 362 hectares of land from sea last month.

The city government will reserve some of the land for public projects “that would benefit the diversification of Macao’s economy,” it said in a statement Nov. 29.

The decline in Macau’s exports slowed to 40.4 percent in November from a year earlier, after slumping 49.8 percent in October, the government said today in a separate release. Imports climbed 0.4 percent, leaving a trade deficit of 2.78 billion pataca ($350 million).

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYBihVBXyOao

[peewee]

MPEL CHARTS

[maskone]

all in 3.41

[inflationista]

accumulating in this area - 339-341

[fordgonracn]

I Agree uncle, Added @ 3.52 Myself. January is Almost Upon us ;o) GLTU

[inflationista]

from back in August 2009 -

Melco Crown Entertainment Limited Announces Completion of Follow-On Public Offering and Full Exercise of Underwriters' Over-Allotment Option

NEW YORK, Aug. 18, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL) (the "Company") a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced the completion of its follow-on public offering first announced on August 11, 2009. Furthermore, 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. As a consequence of the full exercise of the underwriters' over-allotment option, the total proceeds raised by the Company from this follow-on public offering, after deduction of underwriting discounts and commissions, but before other offering expenses, increased to US$209.55 million.

my purchase was a 33% discount to the secondary and the co has half a billion in cash on the balance sheet -

i'll take a shot for 3.5x cash at a casino that serves the fastest growing population/economy in the world -

no matter what the management looks like - unless there's fraud i plan to make a few bucks here -

[inflationista]

let's see what happens - got some 346 and change -

[inflationista]

thinking about trying again pretty soon -

[TycoonSoon]

It's on its way isn't it.
I'm nibbling a little today to see if it gets a bounce soon.
I probably shouldn't have bought a stock with a bearish-engulfing candle but oh well.

[inflationista]

we'll see, great thing about the market, it can only go 3 ways and 2 of them aren't all that bad -

:)

good luck.

[fordgonracn]

My Math was off by $4 Friday so I didn't get my Last Minute Buy DOH!! O'Well have a Nice Position, LQQKin for 5-6+ GLTU

[inflationista]

busted 4 - love all the haters on yabloo -

[inflationista]

giddy up little piggy -

[inflationista]

368 -

[fordgonracn]

My Guess: Its Hong Kong Based(Not US Based). Only has Operations Overseas(Makes NO Sense to ME) as this Area has Overtaken LV as number 1 in Revenues and Development and of Course Tis the Season for Tax-Loss Write- Offs. BWTFDIK I started Buying @ 4.50 LOL!!then 4.26 then 4.06 Now Awaiting a Clue of the Bottom Myself to Add!! GLTU