SOURCE: StockCall

StockCall

December 10, 2010 08:28 ET

Equity Research on MGM Mirage and Melco Crown Entertainment Ltd. - Resorts and Casinos Sector Starting Building Up Tempo

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 10, 2010) - www.stockcall.com/ offers investors comprehensive research on the resorts & casinos industry and has completed analytical research on MGM Mirage (NYSE: MGM) and Melco Crown Entertainment Ltd. (NASDAQ: MPEL). Register with us today at www.stockcall.com/ to have free access to these researches. 

Nevada saw an 11% gain in revenues during October. This pushed the strip up for the ninth time in the first ten months of the year. With convention business showing more signs of a recovery, companies within the sector have reason for optimism. All of this is happening after the huge decline during the recession that saw every aspect of their business falter, even room rates. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the resorts & casinos industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the resorts & casinos industry can have easy and free access to our analyst research and opinions on MGM Mirage and Melco Crown Entertainment Ltd.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

Many companies are justifiably happy to see earnings back in the black, but it is not likely that a meaningful recovery will take place within the sector until housing and unemployment recover and some supply within the market is consolidated. The consolidation is further complicated by the new Cosmopolitan casino coming on to the market that could dilute earnings along the strip. Revenues from Atlantic City are also being pressured by competition making the outlook fairly grim for companies exposed to the New Jersey market. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

One bright spot for the Resort and Casino industry has been the emerging market of Macau with players like MGM Mirage and Melco Crown Entertainment Ltd. holding a piece of the market there. Revenues were up 42% there in November compared to last year. Some of this good news is offset by the Macau government's recent denial of a site request by one of the industry's giant on the Cotai strip. The uncertainty in policy could prove to be a huge obstacle for all companies within the sector looking to expand their operations there to take advantage of the booming Asian gambling market. MGM Mirage and Melco Crown Entertainment Ltd. research reports are accessible for free by registering today at www.stockcall.com/MGM101210.pdf or www.stockcall.com/MPEL101210.pdf

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