MPEL - One casino up, two more to go...03/26/2008.
Melco PBL is located in the fastest growing gaming area in the world. Macau has already surpassed the Las Vegas Strip in terms of revenue and as the infastructure grows so will the amount of visitors from China and around the world which will place Macau as the #1 gaming and entertainment spot in the world.
Sorry Las Vegas...It's true...do your homework and discover Macau...BTW China only allows a total of six gaming operators the ablity to run a casino in Macau - MPEL is one.
MPEL is still growing and as any startup should be watched for the first 36 months before investing to much. But, keep and eye on this stock...it was beaten up in 2007 and may bounce back to the 20 dollar range by years end.
$12.2 (03/25/08)
