James Packer defends casino business
News.com.au (Free subscription) | 10/28/2009
CROWN says its Australian casinos continue to perform well and are driving the group's growth.
Melco Crown Entertainment
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Casinos do a lot of good things - Packer
News.com.au (Free subscription) | 10/28/2009
... stop and think about the other side of the story,'' he told the annual general meeting of Crown (cwn.ASX:,)."The one that rarely gets reported."That is, of the contribution Crown makes to tourism, to employment, to training, to urban development, to community partnerships and to government revenues."Contributions that make us fundamentally different to many pubs and clubs."Mr Packer...
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Resort eyes more mainland tourists
People Daily (Free subscription) | 10/19/2009
Born as the scion of one of Macao's more wealthy and powerful families, the primary task for 33-year-old Lawrence Ho remains taking care of the interests of his shareholders and growing the assets of the resort empire he created. "As a Macao-based company, we can offer a unique, new-generation entertainment resort with Asians' likes in mind," Ho, CEO of NASDAQ-listed Melco Crown...
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Packer ups casino stake as interest rises
News.com.au (Free subscription) | 10/11/2009
JAMES Packer's move to increase his holding in casino group Crown has coincided with surging market interest in Asian gaming assets that could hasten privatisation plans.
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Regulatory Risks Hit Macau Casinos (WYNN, LVS, MPEL)
24/7 Wall St. (Free subscription) | 10/12/2009
... are not yet out, Wynn Resorts Ltd. (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), and Melco Crown Entertainment Ltd. (NASDAQ: MPEL) are all getting hit on the reports. Wynn Resorts Ltd. (NASDAQ: WYNN) just did an IPO for its assets there. Its shares are down over 4% at $65.07. Las Vegas Sands Corp. (NYSE: LVS) has an IPO pending for its operations, and its stock is down...
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Las Vegas Sands Nearing Hong Kong IPO
The Street (Free subscription) | 10/14/2009
... to gambling, and met with the six casino operators in the region, including Wynn, Las Vegas Sands, Melco Crown Entertainment and MGM Grand Paradise earlier this week.
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Macau Seeks Gambling Regulations
The Street (Free subscription) | 10/12/2009
MACAU, CHINA () -- What appears to be an endless gamble in Macau might suddenly be getting a clampdown. More from Jeanine Poggi Market Activity | | | The government in the Chinese region met with the six local casino operators on Monday to discuss the possibility of regulating the size of the industry, according to several reports. The heads of Las Vegas Sands(), Wynn Resorts(), Melco Crown...
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Things are Picking Up in Macau- a Sign of Things to Come?
Online Casino King Blog (Free subscription) | 10/12/2009
Gaming Share News Things appear to be hotting up once again in Macau on the news that James Packer has made a move to build up his stock holding in casino group Crown- shares across the board in the casino sector are up. James Packer, the son of the late Kerry Packer, paid just over $20 million [...]
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Macau gambling review may aid casinos, stocks recover
Reuters (Free subscription) | 10/13/2009
... six casino operators, among them Las Vegas Sands (LVS.N), Wynn Resorts, Galaxy, SJM Holdings Ltd, Melco Crown Entertainment Ltd (MPEL.O) and a casino run by MGM Mirage (MGM.N) and local businesswoman Pansy Ho."It's more psychological," said Francis Lun, a general manager at Fulbright Securities, referring to the stock falls on Tuesday. "The problem of Macau now is oversupply,...
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Macau Regulatory Risks (WYNN, LVS, MPEL)
Volume Spike Investor (Free subscription) | 10/12/2009
... 3% at $17.50 on 39.5 million shares versus an average daily volume of about 45 million shares. Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is down 4.6% at $6.84 on 6.2 million shares versus average volume of 6.6 million shares. JON C. OGG 1:50 PM EST
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Wynn Macau debut cashes in on Asia gaming fever
Reuters (Free subscription) | 10/09/2009
... percent market share of Macau in 2008, is one of a handful of gambling "pure plays" there, with Melco Crown Entertainment, Galaxy Entertainment Group and SJM Holdings.The listing by the Asia unit of Wynn Resorts marked a major victory for Hong Kong's stock market, netting its first IPO for a big global brand in years."Wynn is a known name compared with other recent IPOs...
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