SOURCE: World Street Fundamentals

May 20, 2011 09:14 ET

Continued Growth Driven by Asian Markets -- Equity Research on Melco Crown Entertainment and Las Vegas Sands Corp.

HONG KONG--(Marketwire - May 20, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting Melco Crown Entertainment (NASDAQ: MPEL) and Las Vegas Sands Corp. (NYSE: LVS). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Melco Crown's results from the first quarter of 2011 continue to illustrate its success in leveraging a high quality portfolio of assets, with record gaming and non-gaming revenues, synergies from new management structure, and focus on margin enhancement, which drive continuing improvement in its operating leverage.

Las Vegas Sands recently set quarterly records for net revenue and adjusted property EBITDA during the first quarter of 2011. Strong revenue growth and margin expansion in Macau, together with the continuing ramp of growth in all areas at Marina Bay Sands in Singapore contributed to a strong financial performance overall. The financial benefits of its integrated resort business model, the successful execution of deleveraging strategy, and the improving margin profile in its property portfolio in Asia are evident in these financial results.

World Street Fundamentals has highlighted Melco Crown Entertainment because of its position as a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The entire report on Melco Crown Entertainment (NASDAQ: MPEL) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.

World Street has highlighted Las Vegas Sands Corp. for its portfolio including The Venetian Resort Hotel Casino (The Venetian Las Vegas), The Palazzo Resort Hotel Casino (The Palazzo) and The Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel (The Venetian Macao), the Four Seasons Hotel Macao, Cotai Strip (the Four Seasons Hotel Macao, which is managed by Four Seasons Hotels Inc.) and the Plaza Casino (together with the Four Seasons Macao) in the Macau Special Administrative Region (Macau) of the People's Republic of China (China). The entire report on Las Vegas Sands Corp. (NYSE: LVS) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.

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