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Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:37 EDTEGT, MPELEntertainment Gaming unit receives $3.3M gaming chip and plaque order
Entertainment Gaming Asia announced its Dolphin subsidiary has received a $3.3M gaming chip and plaque order to supply Melco Crown's (MPEL) new City of Dreams Manila resort in the Philippines. The order is expected to be booked in the fourth quarter of 2014 and marks Dolphin’s second major gaming chip order in the growing Philippine gaming market. City of Dreams Manila, a premier integrated resort expected to open in 2014, will be the second property to open in the Entertainment City casino and tourist complex in Manila Bay. The property will include the ultra luxurious Crown Towers Hotel, trend-setting Nobu Hotel and a five-star luxury hotel as well as a casino, entertainment facilities, retail outlets and restaurants.
News For EGT;MPEL From The Last 14 Days
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October 17, 2014
09:03 EDTEGTEntertainment Gaming announces extension from Nasdaq to regain compliance
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October 13, 2014
06:32 EDTMPELMelco Crown shares could rally $10 on Osaka win, says Citigroup
Citigroup estimates shares of Melco Crown could rally up to $10 should the company win a gaming license in Osaka, Japan. Citi expects the gaming bill in Japan to be passed in November, and notes Melco is a major candidate in Osaka. The firm believes the upcoming opening of City of Dreams Manila will be a "game changer" to the Philippines gaming market. It lowered its price target for shares to $43 from $46 and keeps a Buy rating on the name.

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