News: Melco Crown Entertainment Limited (MPEL.O)

MPEL.O on Nasdaq

4.01USD
15 Dec 2009
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$0.04 (+1.01%)
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Tue, Dec 15 2009

UPDATE 1-SJM sees better gambling revenue in Macau in 2010

MACAU, Dec 15 (Reuters) - SJM Holdings , Macau's biggest casino operator, said it expects improved gambling revenues in Macau in 2010, as a result of stronger economic growth in China --- the latest bullish forecast on the world's largest and fastest-growing gambling market.

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Casino party loses fizz, Sands China falls on debut

HONG KONG (Reuters) - Sands China's weak debut in Hong Kong on Monday signals fading investor appetite for a casino company with a high valuation and an uncertain outlook, and cooling interest in what has been a red-hot sector.

UPDATE 4-Casino party loses fizz, Sands China falls on debut

* Increased competition, Wynn Macau performance weigh (Adds quote from CEO, updates stock price)

Dubai default fears hit U.S. casino stocks

CHICAGO (Reuters) - Shares of U.S. casino companies fell on Friday amid concerns that a possible debt default at Dubai state-owned conglomerate Dubai World could derail a budding economic recovery that has seen investments by casinos in Las Vegas and emerging markets.

Update 2-Sands China raises $2.5 bln, low end of range

* Sands China EV/EBITDA valuation, 13.5 times '10 earnings (Adds quote, details, background)

China shares climb to 3-month high; HK falls

HONG KONG/SHANGHAI, Nov 18 (Reuters) - China's key stock index rose 0.62 percent to a three-month closing high on Wednesday as investors bought energy stocks on optimism over rising demand for power to fuel the country's economic recovery.

China stocks gain as energy shares rise; HK falls

HONG KONG/SHANGHAI, Nov 18 (Reuters) - Chinese shares hit a three-month high on Wednesday, as investors bought energy stocks on optimism demand for power would rise to fuel the country's economic recovery.

HK shares may rise on Wall St's gains; exporters eyed

HONG KONG, Nov 18 (Reuters) - Hong Kong stocks could rise on Wednesday, spurred by a rise on Wall Street to 13-month highs, while exporters such as Li & Fung could come under pressure after gloomy forecasts for U.S. holiday spending.

Galaxy ups budget 40 pct for mega-resort in Macau

HONG KONG, Nov 12 (Reuters) - Galaxy Entertainment , one of six gambling license holders in the Chinese enclave of Macau, has raised the estimated cost of its mega project in the emerging Cotai Strip by 40 percent, media said on Thursday.

Crown Australian casino revenue up in July-Oct

MELBOURNE, Oct 28 (Reuters) - Casino operator Crown Ltd said on Wednesday combined revenue from its Crown and Burswood casinos in Australia had risen in the first four months of this fiscal year.

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