SOURCE: The Bedford Report

The Bedford Report

September 09, 2010 09:00 ET

Analyst Research on MGM Resorts (NYSE: MGM) & Melco Crown Entertainment (NASDAQ: MPEL) Available Free at BedfordReport.com

Note to Editors: The Following Is an Investment Opinion Being Issued by The Bedford Report.

TORONTO--(Marketwire - September 9, 2010) -  The Bedford Report's team of analysts is looking at the Resorts and Casinos industry and has issued Analyst Reports on MGM Resorts International (NYSE: MGM) and Melco Crown Entertainment Ltd.(NASDAQ: MPEL). Access to the full company reports can be found at www.bedfordreport.com.

This year Casino and Gaming companies have relied heavily on strong performances in Macau to offset weak performances along the Las Vegas strip. While not all companies have operations in Asia, those that do, such as MGM and Melco Crown, are expected to outperform peers due to the better supply/demand fundamentals, strong economic growth, and increasing transportation investments in Macau.

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One hundred percent of Melco Crown's revenues are derived from Macau. The holding company operates the Mocha Club and Crown Macau gaming interests in Macau and is developing the City of Dreams casino and resort complex. While Melco's growth prospects in Macau are appealing, competition in Macau is heating up. MGM's joint venture with Pansy Ho, the MGM Grand Macau, is expected to have an initial public offering later this year. Not only relying on Macau, MGM has been combating slow growth in Vegas and is in the process of extending the maturity of a significant portion of $5.55 billion of senior credit facilities from October 2011 to February 2014. MGM has been able to amend its senior credit facility, eliminating covenants that required it to meet certain leverage and interest coverage tests.

Investors can get copies of the full analyst reports on MGM and Melco Crown by registering for free at www.bedfordreport.com.

The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.php

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