DALLAS, May 20, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Melco Crown Entertainment Ltd. (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 ( www.altiramacau.com ) (formerly Crown Macau), a casino hotel located at Taipa, Macau and City of Dreams ( www.cityofdreamsmacau.com ), an integrated urban casino resort located in Cotai, Macau. The Company's business also includes the Mocha Clubs ( www.mochaclubs.com ).
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In the report, the analyst notes:
"MPEL traded near its 52-week high of $11.11 on Thursday, closing at $10.43, on strong volume of over 25 million shares. The Macau casino operator posted its results for the first quarter of 2011, reporting a swing to a profit on the strength of improvements in both its gambling and non-gambling operations at its Macau resorts."
"The Company posted first-quarter net revenue of $806.6 million, which is 42% higher from the same period last year. The increase can be attributed to several factors, including the continuing ramp up of the rolling chip, mass market and hotel operations at City of Dreams, contribution from The House of Dancing Water and substantial improvement in Altira Macau's rolling chip volume."
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