Dell Investors Displeased With Buyout Offer and 4 Morning Hot Stocks Trading Today
Melco Crown (NASDAQ:MPEL): Current Price $20.45
Casino resorts in Macau, the epicentre of global gambling, are fully booked going into the Lunar New Year, which is China’s most important holiday and a busy travel time. The demand for hotel accommodation has reached the point where visitors are “literally physically fighting over rooms,” says Melco Crown (NASDAQ:MPEL) chairman Lawrence Ho. According to estimates, revenue at casinos during February may rise 15% to $3.5 billion compared to the same month last year. Companies such as billionaire Sheldon Adelson’s Sands China Ltd (NYSE:LVS), Melco Crown Entertainment and Asian group Galaxy Entertainment, which expanded into the recently developed Cotai Strip by adding rooms and attractions, could hit the jackpot during this period in more ways than one.