Market Overview

Melco Crown Shares Dip Amid Concerns with Macau Junket Operators

Related MPEL
Fast Money Halftime Report Final Trade From November 20: Disney, Deckers Outdoor, Carnival, Melco Crown
Macau Gaming Revenue Projected Lower For 2014
Related LVS
Deutsche Bank Highlights Themes In Gaming & Lodging Sector
4 Ways To Manage Risk In Your Portfolio
Making Money With Charles Payne: 10/16/14 (Fox Business)

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

Nov 2014Buckingham ResearchMaintainsBuy
Nov 2014JP MorganMaintainsNeutral
Oct 2014Morgan StanleyDowngradesOverweightEqualweight

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...

Get Benzinga's Newsletters