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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:20 EDTMPELMelco Crown weakness a buying opportunity, says Wells Fargo
Wells Fargo said it would buy shares of Melco Crown on any weakness from news of an illegal money transfer investigation in Taiwan. Wells thinks the Taiwanese government could be on a fact-finding mission, and that the news may not be Melco Crown or gaming specific. The firm keeps an Outperform rating on Melco Crown.
News For MPEL From The Last 14 Days
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January 18, 2015
16:07 EDTMPELMacau junket operator reduces operations, Bloomberg says
As China’s anti-graft drive reduces customer traffic in Macau, David Group, a junket operator that serves higher-spending casino customers, is closing some rooms in the city, says Bloomberg. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link

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