Information Provided By:
Fly News Breaks for November 3, 2015
MGM, LVS, WYNN, MPEL
Nov 3, 2015 | 08:28 EDT
Bernstein believes that the opening of Melco Crown's Studio City casino "could very well" create a positive turning point for all Macau casinos that would mark the beginning of the sector's recovery. The firm says that Melco Crown is "one of the most undervalued Macau gaming companies." It says that Melco has a number of positive catalysts and reiterates a $28 price target and Outperform rating on the shares.