Investors always need to consider the risks of an investment, and Melco Crown (NASDAQ:MLCO) has a few things investors need to consider. The company hasn't yet been approved for gaming tables at Studio City, we don't know the impact of its Philippines resort, and with that in mind the stock's 14 times enterprise value/EBITDA ratio is very expensive. Gaming analyst Travis Hoium covers how we should look at these risks in the video below. 

Fool contributor Travis Hoium manages an account that owns shares of Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.