When it comes to upside, no gaming company can match Melco Crown. The company generates most of its EBITDA from just one resort and has two game-changing resorts in the works. If both of these resorts are built and Macau continues to grow, the stock could easily triple in the next five years. No one else in gaming has that kind of upside.

As with any gaming stock, investors need to watch what they pay for Melco Crown. The stock is volatile, so long-term investors would be wise to pick it up on dips in the market or off disappointing numbers from Macau.