DALLAS, April 4, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Melco Crown Entertainment Ltd. (ADR) (Nasdaq:MPEL). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Melco Crown Entertainment Ltd. (MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment casino resort facilities. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. MPEL currently operates Altira Macau () (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams (), an integrated urban casino resort located in Cotai, Macau. The Company's business also includes the Mocha Clubs (), which feature a total of approximately 1,600 gaming machines in eight locations and comprise the largest non-casino based operations of electronic gaming machines in Macau.
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In the report, the analyst notes:
"MPEL reached a new 52-week high of $8.02 on Friday, before settling to close at $8.01. That closing price was up 5.39% from the previous session's close. Approximately 14.94 million shares have traded hands during the session, versus the 10-day average volume of 5 million."
"Macau casino stocks were boosted Friday following news of strong gambling revenue growth in the booming Chinese casino enclave. MPEL's Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Macau government said revenue among the enclave's casinos increased 48% in March to 20.1 billion patacas ($2.51 billion)."
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