MPEL remains compelling on a growth basis


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Macau casino company Melco Crown has been such a good call and remains compelling in the context of recent competitor numbers. After seeing the numbers from Wynn Macau ( WYNMF , quote ) -- one of the best indicators of overall strength in the Chinese gambling haven -- it looks like Melco ( MPEL , quote ) has plenty of growth ahead of it. WYNMF reported a massive uptick in profit, especially on the VIP side, which still accounts for over 70% of the overall business. But the mass market is where it is at, and that is where we see the trend strengthening for MPEL. Slot revenue for WYNMF was up 59% in the recent period. Macau is a big deal. Gaming revenue there is now running at a rate 4 times what the Vegas strip takes in. If you are looking for a Chinese consumer story, you could not go too far wrong with these names or this chart:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
More Headlines for: MPEL , WYNMF , WYNN

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