Analyst Research on MGM Resorts (NYSE: MGM) & Melco Crown Entertainment (NASDAQ: MPEL) Available Free at BedfordReport.com
09 Setembro 2010 - 10:00AM
Marketwired
The Bedford Report's team of analysts is looking at the Resorts and
Casinos industry and has issued Analyst Reports on MGM Resorts
International (NYSE: MGM) and Melco Crown Entertainment
Ltd.(NASDAQ: MPEL). Access to the full company reports can be found
at www.bedfordreport.com.
This year Casino and Gaming companies have relied heavily on
strong performances in Macau to offset weak performances along the
Las Vegas strip. While not all companies have operations in Asia,
those that do, such as MGM and Melco Crown, are expected to
outperform peers due to the better supply/demand fundamentals,
strong economic growth, and increasing transportation investments
in Macau.
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One hundred percent of Melco Crown's revenues are derived from
Macau. The holding company operates the Mocha Club and Crown Macau
gaming interests in Macau and is developing the City of Dreams
casino and resort complex. While Melco's growth prospects in Macau
are appealing, competition in Macau is heating up. MGM's joint
venture with Pansy Ho, the MGM Grand Macau, is expected to have an
initial public offering later this year. Not only relying on Macau,
MGM has been combating slow growth in Vegas and is in the process
of extending the maturity of a significant portion of $5.55 billion
of senior credit facilities from October 2011 to February 2014. MGM
has been able to amend its senior credit facility, eliminating
covenants that required it to meet certain leverage and interest
coverage tests.
Investors can get copies of the full analyst reports on
MGM and Melco Crown by
registering for free at www.bedfordreport.com.
The Bedford Report has not been compensated by any of the above
mentioned companies. We act as an independent research portal and
are aware that all investment entails inherent risks. Please view
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