Melco Crown (NASDAQ: MPEL ) has been the hottest gaming stock over the past few years, but its run may be coming to an end. An enterprise to EBITDA valuation of 16.6 makes it one of the most expensive stocks in gaming, and the upside from two new resorts may already be priced in.
Better values for investors looking for exposure to Macau include Las Vegas Sands (NYSE: LVS ) , MGM Resorts (NYSE: MGM ) , and Wynn Resorts (NASDAQ: WYNN ) , which all have lower multiples than Melco Crown. Erin Miller sat down with Motley Fool analyst Travis Hoium to see why he would be leery of Melco Crown right now.
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