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Macau (/məˈkaʊ/; Chinese: 澳門), also spelled Macao, is one of the two special administrative regions of the People's Republic of China (PRC), the other being Hong Kong. Macau lies on the western side of the Pearl River Delta across from Hong Kong to the east, bordered by Guangdong province to the north and facing the South China Sea to the east and south. The territory's economy is heavily dependent on gambling and tourism, but also includes manufacturing.
A former Portuguese colony, Macau was administered by Portugal from the mid-16th century until 1999, when it was the last remaining European colony in Asia. Portuguese traders first settled in Macau in the 1550s. In 1557, Macau was rented to Portugal by the Chinese empire as a trading port. The Portuguese administered the city under Chinese authority and sovereignty until 1887, when Macau became a colony of the Portuguese empire. Sovereignty over Macau was transferred back to China on 20 December 1999. The Sino-Portuguese Joint Declaration and the Basic Law of Macau stipulate that Macau operate with a high degree of autonomy until at least 2049, fifty years after the transfer.
Under the policy of "one country, two systems", the PRC's Central People's Government is responsible for the territory's defense and foreign affairs, while Macau maintains its own legal system, police force, monetary system, customs policy, and immigration policy. Macau participates in many international organizations and events that do not require members to possess national sovereignty.
Before the Portuguese settlement in the mid-16th century, Macau was known as Haojing (濠鏡, literally "Oyster Mirror") or Jinghai (鏡海, literally "Mirror Sea"). The name Macau is thought to be derived from the A-Ma Temple (Chinese: 媽閣廟; Mandarin Pinyin: Māgé Miào; Jyutping: Maa1 Gok3 Miu6), a temple built in 1448 dedicated to Matsu – the goddess of seafarers and fishermen. It is said that when the Portuguese sailors landed at the coast just outside the temple and asked the name of the place, the natives replied "媽閣" (Mandarin Pinyin: Māgé; Jyutping: Maa1 Gok3). The Portuguese then named the peninsula "Macau". The present Chinese name (Chinese: 澳門; Mandarin Pinyin: Àomén; Jyutping: Ou3 Mun4) means "Inlet Gates".
Alright..enough already. What’s with the history lesson, $$$MR. MARKET$$$?? It’s simple. It’s all about making….and taking….money.
Starting in 1962, the Macau gambling industry had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly ended in 2002 and several casino owners from Las Vegas attempted to enter the market. With the opening of the Sands Macao, in 2004 and Wynn Macau in 2006, gambling revenues from Macau's casinos were greatly prosperous. In 2007, Venetian Macau, at the time the second (now sixth) largest building in the world by floor space, opened its doors to the public, followed by MGM Grand Macau. Numerous other hotel casinos, including Galaxy Cotai Megaresort, are also to be opened in the near future.
In 2002, the Macau government ended the monopoly system and six casino operating concessions and subconcessions are granted to Sociedade de Turismo e Diversões de Macau, Wynn Resorts, Las Vegas Sands, Galaxy Entertainment Group, the partnership of MGM Mirage and Pansy Ho (daughter of Stanley Ho), and the partnership of Melco and Publishing and Broadcasting Limited (PBL). Today, there are 16 casinos operated by the STDM, and they are still crucial in the casino industry in Macau, but in 2004, the opening of the Sands Macau ushered in the new era. Gambling revenue has made Macau the world's top casino market, surpassing Las Vegas.
This is Macau:
That’s right. I’m heading to the Vegas next week, but Macau makes the Vegas look like a kiddy pool filled with siss. Today, the quantity of money passing through Macau exceeds that of Las Vegas five times over. Since so many people gamble there, I might as well make money on the company that owns some mega casinos there.
Today I bought Melco Crown Entertainment Limited (ticker MPEL) at 31.00 I will sell it in 4 to 6 weeks at 35.81. Here’s why I like MPEL:
First of all, look at the chart:
That’s right..this stock is up over 133% in the last 52 weeks. Don’t you wish your entire portfolio was in this stock for the last year? I’m sure you would have liked that, but that would be kind of like gambling. Bet Bet Bet Bet Bet Bet Bet!! I love the Vegas…but I digress.
What makes this stock go up so much so fast? Why it’s because the company is doing so well. Why is the company doing so well? It’s because it’s in Macau.
Gambling revenue in Macau rose 17.6 percent in August year-on-year, buoyed by a steady flow of wealthy Chinese punters to China's only legal casino hub.
August's revenue of 30.7 billion patacas ($3.88 billion) was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world's biggest gambling market to be up 17-19 percent.
A Portuguese colony until 1999, Macau's gambling revenues are closely twinned with China's economy as more than two-thirds of its visitors coming from the mainland.
Analysts are mostly bullish on Macau, citing low penetration among China's 1.3 billion citizens and strong consumer sentiment despite a slow down in the growth of the world's second-largest economy. The bulk of visitors entering Macau are termed "mass market" spenders, and these tourists are increasing in numbers.
Fresh infrastructure, like a new intercity railway completed in December 2012, or the new Chimelong casino due in late 2013, will attract more visitors from China, who represent the vast majority of Macau’s gamblers. Macau’s success this year and revenue growth forecast of 17 percent compares favorably to Las Vegas’ projected revenue growth of 2 percent for this year as well as 2014.
Macau is poised for another dramatic expansion. A high-speed train line is under construction that will link it with cities as far north as Beijing, and the world’s longest sea bridge, connecting Macau to Hong Kong, is set to open in three or four years, reducing the ferry crossing to a half-hour drive by car.
Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. It owns and operates City of Dreams, an integrated casino resort that has 450 gaming tables and 1,400 gaming machines; guest rooms; a wet stage performance theater with approximately 2,000 seats; approximately 20 restaurants and bars, 70 retail outlets, and an audio visual multimedia experience; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 170 gaming tables; 200 guest rooms; and various non-gaming entertainment venues comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it owns and operates Mocha Clubs that provide non-casino based operations of 1,993 gaming machines. Further, the company is developing the Studio City Project, a cinematically-themed integrated entertainment, retail, and gaming resort. Additionally, it operates Taipa Square casino in Taipa Island, Macau.
Altira Macau is a luxurious and contemporary hotel and casino delivering a world-class experience. It offers one of the most exclusive and elegant accommodations in Macau, providing the ultimate experience in fine dining and attracting discerning, high-end gaming patrons.
City of Dreams is a must-see integrated urban entertainment resort that combines electrifying entertainment, stylish nightclubs, an amazing array of accommodation options that currently offers approximately 1,400 guest rooms, top-notch dining, designer brand shopping, a spacious and contemporary casino, as well as the spectacular The House of Dancing Water.
Besides the kaleidoscope of never-been-seen-before attractions, City of Dreams strives to offer the very best in urban-inspired leisure and entertainment, including Taboo, the first Cabaret-style show in Macau; Splash, a pool party series with all-day all-night live music; and Legend Fighting Championship series featuring the region’s top mixed martial arts athletes. It also held exclusive events including Asia’s First Madonna Exhibition featuring over 50 iconic show accessories and costumes; and the 11th Chinese Film Media Awards, which has made its appearance in Macau for the very first time at the resort’s Dancing Water Theater.
In Macau, Melco owns one of only six casino licenses. The company operates two casinos and has a promising third one on the way. Studio City is on track to open in the middle of 2015. A flood of new rivals doesn't seem likely. Licenses are hard to come by, and casino-appropriate property is all but gone in the overly congested region.
Melco also is controlled by Lawrence Ho, son of local tycoon Stanley Ho and member of one of the region's most powerful families. That makes Melco a local player with a leader who knows the rules of the game in a rough-and-tumble business environment.
Beyond Macau, the Company has recently closed the transaction with the Philippines counterparties contemplated under the cooperative agreement for the development of an integrated resort in Manila. The new development is expected to be completed in mid-2014, with casino, five-star luxury hotels, and specialty restaurants and bars.
Last month, Melco reported its unaudited financial results for the second quarter of 2013:
Net revenue for the second quarter of 2013 was US$1,295.0 million, representing an increase of approximately 38% from US$938.5 million for the second quarter of 2012. The increase in net revenue was primarily attributable to higher group-wide rolling chip revenues and mass market gross gaming revenues.
Adjusted EBITDA was US$330.1 million for the second quarter of 2013, as compared to Adjusted EBITDA of US$203.8 million in the comparable period of 2012. The 62% year-over-year increase in Adjusted EBITDA was attributable to strong growth in the mass market table games segment at City of Dreams, improved group-wide rolling chip volume and higher group-wide rolling chip win rate, together with their committed cost control culture.
On a U.S. GAAP basis, net income attributable to Melco Crown Entertainment for the second quarter of 2013 was US$181.0 million, or US$0.33 per ADS, compared with net income attributable to Melco Crown Entertainment of US$82.3 million, or US$0.15 per ADS, in the second quarter of 2012. The year-over-year increase in net income was primarily attributable to the strong group-wide operating performance and reduced interest expenses.
Now the ANAL-ysts think that MPEL is going to make $1.14/share in 2013 and $1.43/share in 2014 on revenues of $4.9 billion and $5.4 billion, respectively. I have to say that this is simply preposterous, especially considering the most recent growth rates. $$$MR. MARKET$$$ predicts that the 2013 revenues are actually going to be $5.3 billion and 2014 revenues will be $6.2 billion. Based on the percent of earnings that are coming from revenues, I would say that the 2013 earnings are going to be $1.36/share and the 2014 earnings will be $1.56/share. If you take the $1.36 earnings and multiply it by the PE ratio of 38, you get a share price of $51. That’s right, this stock is going to continue to climb.
Here’s what the boss had to say:
Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, "I am pleased to report another successive quarter of record earnings and EBITDA, building on the strong momentum in the first quarter of 2013.
"Highlighting the ideal strategic positioning of our flagship property, City of Dreams, this premium-mass focused property once again captured meaningful market share in the mass market table games segment which, in turn, has been the major driver of our impressive group-wide performance in the second quarter of 2013. City of Dreams' unique ability to cater towards these highly discerning, premium mass market-focused customers is highlighted by our market-leading mass table yields, which is increasingly important in a table supply constrained market.
"We continue to move forward with the fifth hotel tower at City of Dreams and anticipate to commence construction by the end of 2013. This iconic additional hotel tower represents another powerful addition to our wide array of amenities and attractions that City of Dreams already offers its premium-mass and high end customers, providing another tool to further extend our leading position in this key segment.
"Altira Macau also delivered robust sequential EBITDA growth in the second quarter of 2013, with increased rolling chip volumes and expanding table yields highlighting the success of our continual group-wide table yield optimization strategy, ensuring we allocate tables to maximize overall company profitability.
"Our development pipeline continues to progress, with Studio City on-budget and on-track to open in mid-2015, while the timing of our Philippines Project remains unchanged and is expected to open around the middle of next year. Both of these exciting development opportunities are key components of our strategy to maximize return on invested capital and drive long term shareholder value.
"Macau continues to deliver robust growth across all gaming and non-gaming segments in 2013, highlighting its unique position to cater to the rapidly evolving Asian consumer and expanding middle class. Similarly, our Manila project is well positioned to address this segment in the Philippines and the broader region providing another destination to a wider array of consumers seeking a broader leisure and entertainment proposition. Both of these markets are expected to benefit meaningfully from wide-reaching development plans and significant infrastructure improvements, helping to improve access and enhance customer experience.
Over the years, we have continually marched towards realizing our company's vision of becoming a leading gaming and entertainment company in Asia. This started with Altira Macau in 2007, followed by our first integrated resort in Macau, City of Dreams, which opened in 2009. Next, we will expand our presence in Macau with the development of Studio City and our fifth hotel tower at City of Dreams, and we are setting our sights on a wider horizon across Asia, beginning with our new integrated resort complex in Manila. Being one of the Asia's leading entertainment companies, we are replicating our success in Macau with an aim to shape a more exciting entertainment industry throughout Asia in the future.
"I would like to thank our colleagues, shareholders and business partners for their continuous support, which has enabled us to realize our many initiatives aimed at making Melco Crown Entertainment a leading company in the region."
One thing is for sure, I’m going to make money on this stock but when it comes to gambling, I still love the Vegas!
I am HUGE!
$$$MR. MARKET$$$
www.mrmarketishuge.com
A former Portuguese colony, Macau was administered by Portugal from the mid-16th century until 1999, when it was the last remaining European colony in Asia. Portuguese traders first settled in Macau in the 1550s. In 1557, Macau was rented to Portugal by the Chinese empire as a trading port. The Portuguese administered the city under Chinese authority and sovereignty until 1887, when Macau became a colony of the Portuguese empire. Sovereignty over Macau was transferred back to China on 20 December 1999. The Sino-Portuguese Joint Declaration and the Basic Law of Macau stipulate that Macau operate with a high degree of autonomy until at least 2049, fifty years after the transfer.
Under the policy of "one country, two systems", the PRC's Central People's Government is responsible for the territory's defense and foreign affairs, while Macau maintains its own legal system, police force, monetary system, customs policy, and immigration policy. Macau participates in many international organizations and events that do not require members to possess national sovereignty.
Before the Portuguese settlement in the mid-16th century, Macau was known as Haojing (濠鏡, literally "Oyster Mirror") or Jinghai (鏡海, literally "Mirror Sea"). The name Macau is thought to be derived from the A-Ma Temple (Chinese: 媽閣廟; Mandarin Pinyin: Māgé Miào; Jyutping: Maa1 Gok3 Miu6), a temple built in 1448 dedicated to Matsu – the goddess of seafarers and fishermen. It is said that when the Portuguese sailors landed at the coast just outside the temple and asked the name of the place, the natives replied "媽閣" (Mandarin Pinyin: Māgé; Jyutping: Maa1 Gok3). The Portuguese then named the peninsula "Macau". The present Chinese name (Chinese: 澳門; Mandarin Pinyin: Àomén; Jyutping: Ou3 Mun4) means "Inlet Gates".
Alright..enough already. What’s with the history lesson, $$$MR. MARKET$$$?? It’s simple. It’s all about making….and taking….money.
Starting in 1962, the Macau gambling industry had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly ended in 2002 and several casino owners from Las Vegas attempted to enter the market. With the opening of the Sands Macao, in 2004 and Wynn Macau in 2006, gambling revenues from Macau's casinos were greatly prosperous. In 2007, Venetian Macau, at the time the second (now sixth) largest building in the world by floor space, opened its doors to the public, followed by MGM Grand Macau. Numerous other hotel casinos, including Galaxy Cotai Megaresort, are also to be opened in the near future.
In 2002, the Macau government ended the monopoly system and six casino operating concessions and subconcessions are granted to Sociedade de Turismo e Diversões de Macau, Wynn Resorts, Las Vegas Sands, Galaxy Entertainment Group, the partnership of MGM Mirage and Pansy Ho (daughter of Stanley Ho), and the partnership of Melco and Publishing and Broadcasting Limited (PBL). Today, there are 16 casinos operated by the STDM, and they are still crucial in the casino industry in Macau, but in 2004, the opening of the Sands Macau ushered in the new era. Gambling revenue has made Macau the world's top casino market, surpassing Las Vegas.
This is Macau:
That’s right. I’m heading to the Vegas next week, but Macau makes the Vegas look like a kiddy pool filled with siss. Today, the quantity of money passing through Macau exceeds that of Las Vegas five times over. Since so many people gamble there, I might as well make money on the company that owns some mega casinos there.
Today I bought Melco Crown Entertainment Limited (ticker MPEL) at 31.00 I will sell it in 4 to 6 weeks at 35.81. Here’s why I like MPEL:
First of all, look at the chart:
That’s right..this stock is up over 133% in the last 52 weeks. Don’t you wish your entire portfolio was in this stock for the last year? I’m sure you would have liked that, but that would be kind of like gambling. Bet Bet Bet Bet Bet Bet Bet!! I love the Vegas…but I digress.
What makes this stock go up so much so fast? Why it’s because the company is doing so well. Why is the company doing so well? It’s because it’s in Macau.
Gambling revenue in Macau rose 17.6 percent in August year-on-year, buoyed by a steady flow of wealthy Chinese punters to China's only legal casino hub.
August's revenue of 30.7 billion patacas ($3.88 billion) was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world's biggest gambling market to be up 17-19 percent.
A Portuguese colony until 1999, Macau's gambling revenues are closely twinned with China's economy as more than two-thirds of its visitors coming from the mainland.
Analysts are mostly bullish on Macau, citing low penetration among China's 1.3 billion citizens and strong consumer sentiment despite a slow down in the growth of the world's second-largest economy. The bulk of visitors entering Macau are termed "mass market" spenders, and these tourists are increasing in numbers.
Fresh infrastructure, like a new intercity railway completed in December 2012, or the new Chimelong casino due in late 2013, will attract more visitors from China, who represent the vast majority of Macau’s gamblers. Macau’s success this year and revenue growth forecast of 17 percent compares favorably to Las Vegas’ projected revenue growth of 2 percent for this year as well as 2014.
Macau is poised for another dramatic expansion. A high-speed train line is under construction that will link it with cities as far north as Beijing, and the world’s longest sea bridge, connecting Macau to Hong Kong, is set to open in three or four years, reducing the ferry crossing to a half-hour drive by car.
Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. It owns and operates City of Dreams, an integrated casino resort that has 450 gaming tables and 1,400 gaming machines; guest rooms; a wet stage performance theater with approximately 2,000 seats; approximately 20 restaurants and bars, 70 retail outlets, and an audio visual multimedia experience; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 170 gaming tables; 200 guest rooms; and various non-gaming entertainment venues comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it owns and operates Mocha Clubs that provide non-casino based operations of 1,993 gaming machines. Further, the company is developing the Studio City Project, a cinematically-themed integrated entertainment, retail, and gaming resort. Additionally, it operates Taipa Square casino in Taipa Island, Macau.
Altira Macau is a luxurious and contemporary hotel and casino delivering a world-class experience. It offers one of the most exclusive and elegant accommodations in Macau, providing the ultimate experience in fine dining and attracting discerning, high-end gaming patrons.
City of Dreams is a must-see integrated urban entertainment resort that combines electrifying entertainment, stylish nightclubs, an amazing array of accommodation options that currently offers approximately 1,400 guest rooms, top-notch dining, designer brand shopping, a spacious and contemporary casino, as well as the spectacular The House of Dancing Water.
Besides the kaleidoscope of never-been-seen-before attractions, City of Dreams strives to offer the very best in urban-inspired leisure and entertainment, including Taboo, the first Cabaret-style show in Macau; Splash, a pool party series with all-day all-night live music; and Legend Fighting Championship series featuring the region’s top mixed martial arts athletes. It also held exclusive events including Asia’s First Madonna Exhibition featuring over 50 iconic show accessories and costumes; and the 11th Chinese Film Media Awards, which has made its appearance in Macau for the very first time at the resort’s Dancing Water Theater.
In Macau, Melco owns one of only six casino licenses. The company operates two casinos and has a promising third one on the way. Studio City is on track to open in the middle of 2015. A flood of new rivals doesn't seem likely. Licenses are hard to come by, and casino-appropriate property is all but gone in the overly congested region.
Melco also is controlled by Lawrence Ho, son of local tycoon Stanley Ho and member of one of the region's most powerful families. That makes Melco a local player with a leader who knows the rules of the game in a rough-and-tumble business environment.
Beyond Macau, the Company has recently closed the transaction with the Philippines counterparties contemplated under the cooperative agreement for the development of an integrated resort in Manila. The new development is expected to be completed in mid-2014, with casino, five-star luxury hotels, and specialty restaurants and bars.
Last month, Melco reported its unaudited financial results for the second quarter of 2013:
Net revenue for the second quarter of 2013 was US$1,295.0 million, representing an increase of approximately 38% from US$938.5 million for the second quarter of 2012. The increase in net revenue was primarily attributable to higher group-wide rolling chip revenues and mass market gross gaming revenues.
Adjusted EBITDA was US$330.1 million for the second quarter of 2013, as compared to Adjusted EBITDA of US$203.8 million in the comparable period of 2012. The 62% year-over-year increase in Adjusted EBITDA was attributable to strong growth in the mass market table games segment at City of Dreams, improved group-wide rolling chip volume and higher group-wide rolling chip win rate, together with their committed cost control culture.
On a U.S. GAAP basis, net income attributable to Melco Crown Entertainment for the second quarter of 2013 was US$181.0 million, or US$0.33 per ADS, compared with net income attributable to Melco Crown Entertainment of US$82.3 million, or US$0.15 per ADS, in the second quarter of 2012. The year-over-year increase in net income was primarily attributable to the strong group-wide operating performance and reduced interest expenses.
Now the ANAL-ysts think that MPEL is going to make $1.14/share in 2013 and $1.43/share in 2014 on revenues of $4.9 billion and $5.4 billion, respectively. I have to say that this is simply preposterous, especially considering the most recent growth rates. $$$MR. MARKET$$$ predicts that the 2013 revenues are actually going to be $5.3 billion and 2014 revenues will be $6.2 billion. Based on the percent of earnings that are coming from revenues, I would say that the 2013 earnings are going to be $1.36/share and the 2014 earnings will be $1.56/share. If you take the $1.36 earnings and multiply it by the PE ratio of 38, you get a share price of $51. That’s right, this stock is going to continue to climb.
Here’s what the boss had to say:
Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, "I am pleased to report another successive quarter of record earnings and EBITDA, building on the strong momentum in the first quarter of 2013.
"Highlighting the ideal strategic positioning of our flagship property, City of Dreams, this premium-mass focused property once again captured meaningful market share in the mass market table games segment which, in turn, has been the major driver of our impressive group-wide performance in the second quarter of 2013. City of Dreams' unique ability to cater towards these highly discerning, premium mass market-focused customers is highlighted by our market-leading mass table yields, which is increasingly important in a table supply constrained market.
"We continue to move forward with the fifth hotel tower at City of Dreams and anticipate to commence construction by the end of 2013. This iconic additional hotel tower represents another powerful addition to our wide array of amenities and attractions that City of Dreams already offers its premium-mass and high end customers, providing another tool to further extend our leading position in this key segment.
"Altira Macau also delivered robust sequential EBITDA growth in the second quarter of 2013, with increased rolling chip volumes and expanding table yields highlighting the success of our continual group-wide table yield optimization strategy, ensuring we allocate tables to maximize overall company profitability.
"Our development pipeline continues to progress, with Studio City on-budget and on-track to open in mid-2015, while the timing of our Philippines Project remains unchanged and is expected to open around the middle of next year. Both of these exciting development opportunities are key components of our strategy to maximize return on invested capital and drive long term shareholder value.
"Macau continues to deliver robust growth across all gaming and non-gaming segments in 2013, highlighting its unique position to cater to the rapidly evolving Asian consumer and expanding middle class. Similarly, our Manila project is well positioned to address this segment in the Philippines and the broader region providing another destination to a wider array of consumers seeking a broader leisure and entertainment proposition. Both of these markets are expected to benefit meaningfully from wide-reaching development plans and significant infrastructure improvements, helping to improve access and enhance customer experience.
Over the years, we have continually marched towards realizing our company's vision of becoming a leading gaming and entertainment company in Asia. This started with Altira Macau in 2007, followed by our first integrated resort in Macau, City of Dreams, which opened in 2009. Next, we will expand our presence in Macau with the development of Studio City and our fifth hotel tower at City of Dreams, and we are setting our sights on a wider horizon across Asia, beginning with our new integrated resort complex in Manila. Being one of the Asia's leading entertainment companies, we are replicating our success in Macau with an aim to shape a more exciting entertainment industry throughout Asia in the future.
"I would like to thank our colleagues, shareholders and business partners for their continuous support, which has enabled us to realize our many initiatives aimed at making Melco Crown Entertainment a leading company in the region."
One thing is for sure, I’m going to make money on this stock but when it comes to gambling, I still love the Vegas!
I am HUGE!
$$$MR. MARKET$$$
www.mrmarketishuge.com
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