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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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February 26, 2015
08:29 EDTMPELDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
10:01 EDTMPELOn The Fly: Analyst Downgrade Summary
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07:30 EDTMPELMelco Crown downgraded to Neutral from Outperform at Credit Suisse
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February 24, 2015
09:52 EDTMPELMacau to review mainland’s individual visit scheme, Macau Business Daily says
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09:01 EDTEGTEntertainment Gaming announces 1-for-4 reverse stock split
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