Melco Crown and Wynn Focus on Expansion
Paragon Report Provides Equity Research on Melco Crown Entertainment & Wynn Resorts
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/30/11 -- Casino stocks have had a fairly difficult month on fears that a potential slowdown in the Chinese economy might affect their operations in Macau. Jefferies analyst, David Katz notes that Asia's slowdown could "reduce the funding that's available for the corporate junket business, which is really the engine of these businesses' growth in Macau." The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. (NASDAQ: MPEL) and Wynn Resorts Limited (NASDAQ: WYNN). Access to the full company reports can be found at:
Macau has been growing at an exceptionally rapid rate this year. Macau's Gaming Inspection and Coordination Bureau reported that Gambling year-over-year revenues were up 57% in August of 2011. Gambling revenue totaled $3.09 billion in August, despite losses in financial markets around the world.
Macau overtook the Las Vegas Strip as the World's biggest gambling market in 2006, and is set to rake in 5 times the Strip's gambling revenue this year. In the January-August period, Macau's gambling revenue rose 47% from a year earlier, adding to a 58% rise in Y 2010.
The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the resorts and casinos industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Wynn depended on its Macau operation for about a third of its revenue in the most recent quarter, while 100 percent of Melco Crown's revenues come from the tiny island of Macau. Earlier this month Wynn formally accepted the terms and agreement of a land concession contract for its new billion-dollar Macau casino. Wynn Macau, the second largest casino operator by market capitalisation in the enclave an hour from Hong Kong by ferry, said that it would pay $193.43 million to the Macau government for use of land to develop its resort project.
Also this month Bloomberg Melco Crown Entertainment Ltd, may invest at least US$1 billion (RM3 billion) in a Manila casino project, citing the Philippine gambling regulator.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 30.09.2011 - 06:16 Uhr
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