Market Intelligence Center  May 8  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Melco Crown Entertainment Ltd (MPEL) today after it closed at $20.02 on Thursday. For more...
The Australian  May 7  Comment 
The James Packer-backed Melco Crown plans to continue paying dividends despite the rapid slowdown in gaming revenues in Macau.
Benzinga  May 7  Comment 
Shares of Asian casino operator Melco Crown Entertainment Ltd (NASDAQ: MPEL) were up 2.3 percent Thursday following the company’s Q1 earnings release. Melco reported earnings of $0.16 on revenue of $1.054 billion for the quarter, missing Wall...
newratings.com  May 5  Comment 
BEIJING (dpa-AFX) - Melco Crown Entertainment Limited (MPEL) reported that its first-quarter net income attributable to the company declined to $60.63 million or $0.11 per ADS from $239.54 million or $0.43 per ADS in the year-ago period. Adjusted...
TheStreet.com  May 4  Comment 
NEW YORK (TheStreet) -- Shares of Melco Crown Entertainment , a casino operator in Asia, closed higher by 0.17% to $20.79 on Monday. This afternoon the Macau gaming hub in China released its April 2015 revenue results, and posted a 38.8%...
Motley Fool  May 2  Comment 
With the challenging market conditions in Macau, this newer market could be good news for the company.
TheStreet.com  Apr 29  Comment 
NEW YORK (TheStreet) -- Shares of Melco Crown Entertainment  closed lower by 5.56% to $20.74 on Wednesday on a multitude of bad news for casino stocks. First, Nevada's Gaming Control Board released its report on gaming revenue for March....
Benzinga  Apr 28  Comment 
In a new report, analysts at Morgan Stanley downgraded their outlook for the Macau gaming market and its four major U.S. listed players -- Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts, Limited (NASDAQ:...
Market Intelligence Center  Apr 23  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithm on Melco Crown Entertainment Ltd (MPEL) could yield about 4.49% (19.29% annualized, for comparison purposes only) in 85 days. Pair a long position in the stock with the...


Melco-PBL Entertainment (NASDAQ: MPEL) develops, owns and operates casinos in Macau, China. It is the only pure-play Macau casino traded on U.S. exchanges, and one of only six companies authorized to run casinos on the island (others include MGM, Wynn and Las Vegas Sands). MPEL owns and operates the Crown Macau Hotel Casino. MPEL draws day-trippers and tourists of all economic background with its various gambling establishments due to its strategic proximity to China and other fast-growing Asian economies.

Business Overview

The great majority of MPEL’s revenue is generated from its casinos. Income from other sources, including rooms, food and entertainment remains insignificant.[1] It is also important to note that MPEL’s only source of income is from Macau.[2]

Business & Financial Metrics[3]

In 2009, MPEL incurred a net loss of $308.5 million on revenues of $1.33 billion. This represents a significant increase in net loss from 2008, when the company lost $2.5 million on $1.42 billion in revenue.

Key Trends & Forces

  • Chinese Tourism: The Chinese government has eased its regulations on travel permits to Macau in recent years. This phenomenon, along with a rapid increase of wealth and disposable income of Chinese citizens , will significantly fuel Macau’s gaming industry. This trend will also be affected by the ease of currency exchange between the Chinese Yuan and the Hong Kong dollar used in Macau.[5]


MPEL holds one of only 6 authorizations to operate casinos in Macau, a privilege that serves as a significant competitive barrier against other potential market participants. Nevertheless, MPEL’s operations compete with 25 other casinos in the city. In addition, the government of Macau may allow other companies to enter the market in the future, further intensifying competition. [6]

  • Las Vegas Sands (LVS): This company owns and operates The Sands Macao. It is also developing The Venetian Macau.
  • Wynn Resorts (WYNN): Since the opening of Wynn Macau in 2006, this company has actively pursued additional opportunities, and is currently building another large resort casino.
  • MGM MIRAGE (MGM): This company opened the MGM Grand Macau in late 2007. However, like most of American companies operating in Macau, MGM operates primarily in Las Vegas, Nevada.
  • Sociedade de Turismo e Diversoes de Macau: One of the most prominent companies in Macau, This company controls 18 casinos in the city, most prominent of which is the Grand Lisboa.
  • Galaxy Casinos: Similar to MPEL, this company currently operates five casinos and is in the process of developing three more on the Cotai Strip.


  1. 2007 MPEL 6-k, Pg. 13
  2. 2006 MPEL 20-f, Pg. 25
  3. MPEL 2009 20-F pg. 3  
  4. "Tiny Macau Overtakes Vegas Strip", BBC News
  5. 2006 MPEL 20-f, Pg. 26
  6. 2006 MPEL 20-f, Pg. 20
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