Melco Crown (NASDAQ: MPEL ) has been one of the hottest stocks in gaming, and if that streak is going to continue, there are some factors investors need to watch. Cotai is clearly key, and so will the Philippines be, but gaming analyst Travis Hoium thinks the biggest risk to watch is table games at Studio City. Without them, he says in the following video, the giant development won't be as profitable as investors are expecting and that's worth keeping an eye on.
For another hot stock, the Motley Fool's chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Report this Comment On June 29, 2013, at 1:13 PM, hulk04 wrote:
This should always been a concern for investors in MPEL, casino at Studio City. Even if they get one they will not get a big allotment of new tables, they will have to borrow from their other properties (much like Sands China did). Let's see if we hear analyst describe this as cannibalizing their other properties like they frequently did for LVS/Sands China?
Also, I can't see why so much value is being put in their Philippines property? Ultimately their will be 4 casinos competing for a market up to $3B (less than 1/2 of Singapore) and they only own 1/2 of that property? Yet everyone's worries about Marina Bay Sands, which has incredible numbers quarter after quarter (even with a down quarter they are better than ANY other casino in the world, EBITDA between 48-54%)
Add your comment.