SOURCE: The Bedford Report

The Bedford Report

September 16, 2011 08:16 ET

Casino Operators Continue to Invest in Macau

The Bedford Report Provides Equity Research on Las Vegas Sands & Melco Crown Entertainment

NEW YORK, NY--(Marketwire - Sep 16, 2011) - With Macau Gaming revenues showing no signs of slowing, Casino operators from across the globe continue to invest in the World's largest gaming hub. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides equity research on Las Vegas Sands Corporation (NYSE: LVS) and Melco Crown Entertainment Ltd. (NASDAQ: MPEL). Access to the full company reports can be found at:

www.bedfordreport.com/LVS

www.bedfordreport.com/MPEL

Macau's Gaming Inspection and Coordination Bureau reported Earlier this month that Gambling revenues in Macau continue to increase at an incredible rate, with year-over-year revenues up 57% in August of 2011. Gambling revenue totaled $3.09 billion in August, despite losses in financial markets around the world. Casino revenues are up 47 percent for the first eight months of the year, or a total of $21.7 billion -- about five times the size of Las Vegas.

Analysts said the monthly year-over-year comparisons continue to reflect this year's opening of Galaxy Cotai, along with growth in high-end business.

The Bedford Report releases investment research on the Resorts and Casinos industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Melco Crown Entertainment recently announced that it will pay $360 million for a controlling stake in a new gaming resort in Macau -- the company's second resort in the Asian gaming hub. Melco Crown will spend $1.7 billion developing the 2,000-room resort, with construction starting as early as next year to meet a 2015 completion date, group chief executive Lawrence Ho said.

Las Vegas Sands recorded adjusted earnings of 54 cents per share in the second quarter of 2011, beating the year-ago quarter earnings of 17 cents a share. Sands China reported a 16.3% year-over-year growth in revenues to $1.21 billion during the quarter.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. 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.

Contact Information