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Melco Crown Looks to Redefine Macau's Skyline

Melco Crown's (NASDAQ: MPEL  ) City of Dreams is one of the most profitable resorts in Macau, and the company is expanding to bring in more guests. It recently announced its fifth tower, and with a unique design, it will change the landscape of Macau's Cotai Strip. 

With Las Vegas Sands (NYSE: LVS  ) , Wynn Resorts (NASDAQ: WYNN  ) , and MGM Resorts (NYSE: MGM  )  all building resorts, the new hotel tower will not only give Melco Crown a draw to its existing casino -- it will also create even more critical mass on Cotai. Once the majority of construction is completed in 2017, the region will be an even bigger draw than it is today, meaning growing earnings for companies with exposure there. 

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  • Report this Comment On April 02, 2014, at 4:16 PM, JonSchultz wrote:

    The new tower will not "change the landscape of Macau's Cotai Strip," Travis, because "Cotai Strip" is a USPTO registered trademark of Las Vegas Sands Corporation and only applies to its properties. The new tower will simply change the landscape of Cotai.

    I know the architectural firm put out a press release in which they referred to the "Cotai strip," however if you look at the press release on Melco Crown's website you'll see that they don't use that phrase.

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Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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