Anybody wanting to get in on the profits due to the rise of Macau like the Wynn (WYNN) and Las Vegas Sands (LVS) should look at MelcoPBL (MPEL). IPO was a little over a month ago, but profits won't be coming in until Melco's first major resort, Crown Macau, opens in late April. I heavily loaded up at 18.50 today because I thought only an act of God could bring it back down to 18 (too enthusiatic...?). I'm hoping it'll push up towards the opening of the crown and close at the 35-45 range AT LEAST by the end of the year, praying for 55+ though. This will be a great stock for the next three years because of China's growth. Macau currently has a ridiculously high GDP growth rate and and it is still on the rise. Domestic travel within China has been increasing exponentially, so with the world Olympics coming to Beijing in 2008 and the World Fair coming to Shanghai in 2010...things are looking good.
Macau is becoming a powerhouse, and will surpass Vegas in no time. This is what I like; Stanley Ho, "The King of Gambling" held a government-granted monopoly over the Macau gambling industry for years and now his oldest son, Lawrence Ho, is beginning Melco PBL Entertainment Limited...watch this thing fly.
$18.39 (02/10/07)
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