News Breaks |
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| January 11, 2013 |
| 10:42 EDT |  | MPEL | Taiwan probes illegal money transfers for use in Macau casinos
Taiwanese prosecutors in the Taipei district said yesterday they were investigating an unnamed firm they suspected of circumventing forex rules to carry out huge money transfers for use in Macau casinos, according to report from Macaubusiness.com, citing the AFP. Prosecutors declined to identify the firm, but Wells Fargo said in a note to investors this morning that press reports suggest MCE International, a subsidiary of Melco Crown (MPEL), may be one company in question. Wells analyst Cameron McKnight said any weakness in Melco shares following the news of the investigation would present a buying opportunity, as the probe may not be may not be specific to gaming or to Melco Crown. McKnight said Melco may report strong Q4 results when it announces earnings in early February and kept an Outperform rating on shares. Melco Crown declined 36c, or about 1.9%, to $18.70 in morning trading. |
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News For MPEL From The Last 14 Days Check below for free stories on MPEL the last two weeks. |
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| May 14, 2013 |
| 10:01 EDT |  | MPEL | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. |
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| 06:15 EDT | | MPEL | Melco Crown downgraded to Neutral from Buy at UBS
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| May 10, 2013 |
| 09:33 EDT | | MPEL | Nevada reports March Las Vegas Strip gaming win up 13% to $507.6M
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| 09:32 EDT | | MPEL | Nevada reports March statewide gaming win up 7% to $914.78M
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| May 8, 2013 |
| 08:02 EDT |  | MPEL | Melco Crown reports Q1 adjusted EPADS 24c, consensus 23c
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