If you added Melco Crown Entertainment to your portfolio of stocks, you’ve got a right to be feeling smart right about now. U.S.-traded shares of the stock are up 111% over the course of 2013. Weaker-than-expected high roller play has burned the company. But it’s got an ace up it sleeve in the form of new governmental policies from Peking that will occasion “this influx of affluent middle-class Chinese visitation coming to that area.” according to Craig-Hallum Capital Group analyst Bryan Maher.
Melco is accordingly shifting its sights toward high-value players, a niche below junket-led VIPs, and toward mass-market play … a natural fit for City of Dreams and forthcoming Studio City.
The other half of the Melco Crown dynamic duo, Continued >>
Linq is shaping up handsomely and its Ferris wheel just had its last gondola added yesterday. So, if we can put Caesars Entertainment‘s debt problems aside for a second, the company is doing very nicely in the capex department, where once it seemed ambivalent about investing. The next step might seem counterintuitive, being so close to Linq, but it’s to be a bazaar at Bally’s. About the closest one can come to criticizing it would be to say that 150 restaurants, bars and stores is a sensory overload — even by Vegas standards.
The venues will range from 150 square feet to 2,000 such. Seen from overhead, they sport a brilliantly variegated, tiled look. Also, the moving walkway which transports you into Bally’s through oversized fallopian tubes will Continued >>
“On non-Indian lands, you have a thousand ways to stop a casino that you don’t want. Why do you need the abrogation of sovereign immunity?” – U.S. Supreme Court Justice Ruth Bader Ginsburg, questioning the State of Michigan‘s lawsuit against an off-reservation casino owned by the Bay Mills Indian Community.