Melco Crown Entertainment (MSC, Financial) experienced a notable stock movement with a 5.59% increase in its share price, reaching $4.91. The trading volume was 856 shares, with a turnover rate of 0.00% and a price fluctuation of 5.27%.
The latest financial report shows that Melco Crown generated $175 million in revenue, but reported a net loss of $20.97 million, translating to an earnings per share (EPS) of -$0.11. The company’s gross profit stood at $61.90 million, and it has a negative price-to-earnings (P/E) ratio of -10.58. No institutional ratings are currently available for MSC.
Despite the overall casino and gaming industry experiencing a decline of 1.42%, Melco Crown, alongside Wynn Resorts and Penn National Gaming, saw significant gains. In terms of trading activity, Penn National Gaming, Wynn Resorts, and Caesars Entertainment were the most active, with turnover rates of 1.95%, 1.10%, and 0.96%, respectively. Melco Crown, Penn National Gaming, and Century Casinos exhibited the highest price fluctuations within the sector, with Melco Crown showing a 7.10% amplitude.
Melco Crown Entertainment is a Macau-based resort offering gaming, retail, and entertainment services. It operates the Melco Crown Casino with around 250 mass-market gaming tables, 15 VIP tables, and 552 gaming machines. The resort is known for its luxury accommodations, diverse dining options, and retail facilities. Additionally, it features non-gaming attractions, including the world’s first figure-eight Ferris wheel, a luxury nightclub and karaoke venue, a live performance space, and both outdoor and indoor water parks. The majority of its revenue is sourced from Macau.
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