MELCO CROWN ENTERTAINME-ADR (NASDAQ:MPEL), Down By 5.28% ($0.55) From $10.420 After BUYINS.NET Report Predicted Weakness After
May 24, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, May 18th 2011 stating that MELCO CROWN ENTERTAINME-ADR (NASDAQ:MPEL) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=mpel&id=167560
At the time this story was written, MELCO CROWN ENTERTAINME-ADR (NASDAQ:MPEL) is Down By 5.28% ($0.55) From $10.420 since the BUYINS.NET report was released.
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MELCO CROWN ENTERTAINME-ADR (NASDAQ:MPEL) - Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in the Macau special administrative region of the Peoples Republic of China. It owns and operates Altira Macau, a casino and hotel resort, that features approximately 210 gaming tables; and deluxe hotel rooms comprising suites and villas, restaurants and dining facilities, non-gaming entertainment venues, recreation and leisure facilities, and meeting facilities; Mocha Clubs, which provide single player machines with various games consisting of progressive jackpots; and multi-player games where players on linked machines play against each other in electronic roulette, baccarat, and sicbo. As of December 31, 2009, the company operated 8 Mocha Clubs with a total of approximately 1,500 gaming machines. In addition, Melco Crown Entertainment operates City of Dreams, an integrated urban entertainment resort, with approximately 500 gaming tables, 1,300 gaming machines, 20 restaurants and bars, a performance theatre, food and beverage outlets, and guest rooms; and Taipa Square Casino that features approximately 31 gaming tables. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong.
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