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Stock Market & Financial Investment News

News Breaks
March 14, 2013
10:57 EDTMPELMelco Crown, Belle Corp finalize $1B partnership, Macau Business reports
Melco Crown (MPEL) and Philippine group Belle Corp have formed a partnership for a $1B gaming complex at Manila Bay, Macau Business reports. This will be Melco Crown's first venture outside of Macau, and the company will be responsible for operating the casino resort. Reference Link
News For MPEL From The Last 14 Days
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March 3, 2015
06:43 EDTMPELMacau reports February casino revenue down 48.6% to 19.54B patacas
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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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