Tag Archives: MPEL
Macau pawn shop activity: a positive economic indicator
As reported this week by Bloomberg, pawn shops in Macau are thriving. What, if anything, can investors in the Macau casino space extrapolate from this?
Macau: Galaxy to spend $6.5 billion on improvements
The Macau gaming sector was again in the news today as the Hong Kong-listed Galaxy firm expressed its interest in expanding its Macau casinos.
Macau gaming: Emerging market sector of the day
Macau gaming stock Melco Crown Entertainment (MPEL, quote) dropped more than 7% in trading on Tuesday after reports that the Chinese government would step up its efforts to weed out money laundering in Macau.
QE3 makes Macao gaming stocks even more attractive
With Ben Bernanke’s announcement that the U.S. Federal Reserve would engage in a new round of ‘perpetual’ quantitative easing, the risk-on trade looks to be back on, which could mean even more upside for Macao gaming stocks.
Macao gaming numbers come in weak, but how long will it last?
Gaming growth in Macao slowed to its lowest levels in three years in July. Revenue from gambling increased a mere 1.5% year-over-year, a far cry from the 40-50% annualized growth seen over the past two years. What does this slowing growth in Macao mean for investors?
What do disappointing Macao results mean for investors?
After multiple companies with Macao exposure reported disappointing earnings over the past few weeks, investors may be questioning their investments. Is now time to bolt from this sector?
