SOURCE: The Bedford Report

The Bedford Report

April 29, 2011 08:16 ET

Las Vegas Sands and Melco Crown Gaming Poised to Post Huge Revenues

The Bedford Report Provides Analyst Research on Las Vegas Sands and Melco Crown Entertainment

NEW YORK, NY--(Marketwire - Apr 29, 2011) - It is now the heart of earnings season and investors are eagerly awaiting results from the Resorts and Casinos Industry. No doubt there will be pressure on companies with a heavy presence in Macau to put up strong numbers. Over the last year, share prices doubled for most casinos with Asian operations. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides research reports on Las Vegas Sands Corporation (NYSE: LVS) and Melco Crown Entertainment Ltd. (NASDAQ: MPEL). Access to the full company reports can be found at:

In 2006 the island of Macau surpassed the Las Vegas Strip as the world's gambling core after the government allowed overseas casino operators to enter the region. Macau, a former Portuguese colony on the South China coast, is the only place in the world's most populous nation where citizens are permitted to gamble in casinos. In the first quarter of 2011 the Gaming Inspection and Coordination Bureau said that gross revenues from gaming and gambling activities in Macau totaled $7.315 billion, representing a year on year rise of approximately 43 percent. At the end of the first quarter of 2011, there were 33 casinos in Macau.

The Bedford Report releases regular market updates 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 and get exclusive access to our numerous analyst reports and industry newsletters.

Las Vegas Sands generates over 75% of its earnings from holdings outside of the United States with operations in Macau and Singapore garnering most of the attention. Shares of the company have been under pressure in recent weeks as reports surfaced claiming that the US Securities and Exchange Commission and the Justice Department are looking into possible violations of the Foreign Corrupt Practices Act at Las Vegas Sands' Macau operations.

One hundred percent of Melco Crown's revenue is derived from Macau. The holding company operates the Mocha Club, Crown Macau gaming interests in Macau and the City of Dreams casino and resort complex -- which is "conveniently" located directly across from the Las Vegas Sands owned Venetian Macau.

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