Melco Crown Entertainment has announced that its first quarter results release will take place next week. The company will file them with the US Securities and Exchange Commission on May 9 at 8:30 a.m. ET.
Analysts are upbeat in regard to the chances of Wynn Macau after the company announced approval for its latest casino business. Deutsche Bank analyst Carlo Santarelli is quoted by the Las Vegas Review-Journal as stating: “We believe Wynn Cotai can generate stabilized 2017 (earnings before interest, taxes, depreciation and amortization) of $675 million.”
Allowing Wynn to set up in Cotai also led Santarelli to describe the situation of MGM and SJM as “precarious” due to the fact that Macau is only going to award one other land grant this year. Santarelli added: “MGM is farther along with respect to development plans, likely giving them a light edge”.