Market Overview

Melco Crown Shares Dip Amid Concerns with Macau Junket Operators

Related MPEL
Macau Gaming Investors Should Keep Seatbelts Fastened, Credit Suisse Warns
Early Global News: Alibaba Startup Stake, Commercial Drones & Under Armour-Lululemon Rumor
Related LVS
Early Global News: Record Online Sales, 400% Jump In Tinder Users, China Experiences Worst Drop In Months
Early Global News: Mali Radisson Attack, Depomed-Horizon Fallout, EU Cracking Down On Bitcoin
Bill Nygren Invests in Stake in Alphabet (GuruFocus)

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

Oct 2015Morgan StanleyUpgradesUnderweightEqual-weight
Oct 2015HSBCUpgradesHoldBuy
Oct 2015Deutsche BankUpgradesSellHold

View More Analyst Ratings for MPEL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Reiteration Analyst Ratings Movers


Related Articles (MPEL + LVS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters