Market Overview

Melco Crown Shares Dip Amid Concerns with Macau Junket Operators

Share:
Related MPEL
Could Japan Be Asia's New $40 Billion Gaming Hub?
Morgan Stanley Downgrades Macau, Melco Crown Entertainment
Related LVS
What's Coming For MGM Resorts?
All Eyes On Vegas For Mayweather Vs. Pacquiao
Merit Medical Systems, Las Vegas Sands, MYR Group and Chesapeake Utilities highlighted as Zacks Bull and Bear of the Day - Press Releases (Zacks)

Shares of Melco Crown Entertainment (NASDAQ: MPEL) are down more than 7 percent Tuesday following a WSJ piece from last night which suggested police in both mainland China and Macau have detained people from at least three large junket operators recently. The report may indicate Chinese officials could boost scrutiny of these junket operators.

An analyst from Nomura Securities earlier said reports of the junket regulation tightening would be "more of an annoyance and not life threatening." The analyst reiterated Buy ratings on both Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), but did not mention Melco.

Latest Ratings for MPEL

DateFirmActionFromTo
Apr 2015Goldman SachsDowngradesBuyNeutral
Apr 2015Morgan StanleyDowngradesEqual-weightUnderperform
Apr 2015NomuraDowngradesNeutral

View More Analyst Ratings for MPEL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Reiteration Analyst Ratings Movers

 

Related Articles (MPEL + LVS)

Around the Web, We're Loving...