Melco Resorts and Entertainment (Phils.) Corp. (delisting)
Enter at your own risk

Breakout play
EOD price , Jan 20, 2017 : 4.42
MCP must break the 4.60 to 4.70 resistance zone.
A breakout will lead this to initial resistance of 6.50. If this is broken, expect 8.22 then 9.84
RSI is currently bullish at 52.
Support is at 4.19 then 3.95
Cut losses below support line if breakout does not materialize above 4.60.
If breakout happens, use previous 4.60 resistance as new support then trail stops.
Weekly chart below

[Image: mcpb.jpg?w=736]
[Image: mcp-2.jpg?w=736]
[Image: mcp-21.jpg?w=736]

More here:
Price bounced off kijun sen and previous resistance level at 4.88

Medium term Uptrend still intact despite recent consolidation..

Stochastics show a crossover is about to happen/ resumption of uptrend.

Hold and trail stops . Buy the dips. [Image: mcpfeb28.jpg?w=736]
...meron akong gaming pero hindi MCP Big Grin

City of Dreams revenues up 65%

THE Philippine operation of Macau casino operator Melco Resorts Entertainment Ltd. (MRE) sustained its strong growth momentum, with revenues rising by nearly two-thirds in the first quarter on the back of solid gaming results.

Net revenue at City of Dreams Manila stood at $157.4 million in the January period, 65% higher than the $95.4 million in the same period last year, Melco Crown (Philippines) Resorts Corp. (MCP) said in a disclosure to the stock exchange.

MCP has yet to file its financial statement with the regulators, though MRE has submitted its financial results to the NASDAQ Global Select Market.

Rolling chip volume surged 60% to $2.4 billion from $1.5 billion, as the win rate -- or the casino’s win, which flows to the revenue line of the income statement -- accelerated at a higher than expected pace of 3.4% versus 2.8% a year ago.

Mass market table games drop -- the amount wagered and dropped at the table -- jumped 27.8% to $153.9 million from $120.4 million. Hold percentage increased to 28.7% from 27.5%.

Gaming machine handle -- the amount wagered at slot machines -- increased 62% to $729.9 million from $451.4 million, with the win rate inching up to 6.2% from 6.1%.

Total non-gaming revenue at City of Dreams Manila improved 14.5% to $27.6 million from $24.1 million.

As a result of the higher revenues, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) -- a good proxy for cash flow -- during the period more than doubled to $61.1 million from $28.6 million.

City of Dreams Manila is the second casino to rise in Entertainment City, the Philippines’ answer to Macau and Las Vegas, after Bloomberry Resorts Corp.’s Solaire Resorts & Casino.

Henry Sy, Sr.-led Belle Corp. took in the Macau casino operator, owned by Lawrence Ho, to operate its casino in Entertainment City in 2013. Lawrence is the son of Macau gaming mogul Stanley Ho.

Pls don't follow me....I'm lost too! hehe

Melco Resorts swings to profit in third quarter

Melco Resorts and Entertainment, the co-licensee of the City of Dreams casino resort, said Friday it swung to profit in the third quarter as revenues rose.

The company told the stock exchange that it posted net income of P117.3 million in the July to September period, compared to a net loss of P173.5 million during the same period in 2016.

This brought 9-month net income to P469.6 million from a net loss of P1.6 billion during the comparable period last year.

Gross revenues reached P7.5 billion, up 23 percent from P6.1 billion in 2016.

Pls don't follow me....I'm lost too! hehe
....foreign funds have been pouring in here at MRP

Melco to rebrand Crown Towers in COD Manila

MELCO Resorts and Entertainment Ltd., which owns half of City of Dreams Manila, is replacing its Crown Hotel brand and replacing it with a new one.

The company said it will introduce the Nuwa, its new luxury hotel brand starting next week. Nuwa will debut in Melco’s integrated gambling facilities in Macau and in Manila on January 16. It will replace the current Crown Towers Hotels in City of Dreams.

“Inspired by the eponymous heroine from Chinese mythology, Nuwa represents classic Asian refinement,” the company said.

It is the first step in the preparation of the launch of Phase 3 of City of Dreams Macau in the second quarter of 2018, the company added.

“We are excited to introduce Nuwa. The new hotel brand embodies the very essence of Melco’s pursuit to provide our guests the very best in sophistication, quality and innovation,” Lawrence Ho, chairman and CEO of Melco Resorts said in a statement.

The rebranding was a result of the fall out between principal owners, of what was then called Melco Crown Resorts, Ho and Australian James Packer, who owns Crown Resorts Ltd.

The two parted ways in May last year with Packer selling all his shareholdings in Melco Crown.

For the three quarters of 2017, the Philippine unit of Melco reported a net profit of P469.6 million, a turn-around from a net loss of P1.6 billion las year.

The turn-around was due to improved operating revenues generated during the current period, higher net foreign exchange gains and higher interest income for the period, partially offset by the associated increase in operating costs, employee benefit expenses, among others.

Total net operating revenues were P24.21 billion, an increase of almost half from the previous P16.29 billion.

Some P22.55 billion of the revenues came from casino revenues, or 93 percent of total net operating revenues, and P1.65 billion from its casino revenues for the nine months of 2017 was an increase of 53 percent from the previous year’s P14.78 billion.

Rolling chip volume for the nine months ended September 30, 2017 was P434.6 billion, as compared to P224.6 billion in 2016. Rolling chip win rate—calculated before discounts and commissions—was 3.1 percent, as compared to 3.4 percent for the nine months in 2016.

Pls don't follow me....I'm lost too! hehe
...nice earnings report Tongue

Melco revenues up 15.7%

THE developer of City of Dreams Manila grew its revenues by 15.7% in the fourth quarter of 2017, supported by the generally strong performance of its casino operations.

In a disclosure to the stock exchange on Friday, Melco Resorts and Entertainment (Philippines) Corp said net revenues came at $167.5 million in the three months ending December, against $144.7 million in the same period in 2016.

Adjusted earnings before interest, tax, depreciation, and amortization was up by 7% to $53.8 million during the fourth quarter, against $50.2 million in the comparable period last year.

Melco Resorts saw strong revenues across all segments, with rolling chip volume posting $2.9 billion for the quarter, 38% up year-on-year. The win rate for rolling chip was recorded at 3.1%, with expected wins within the range of 2.7% to 3%.

Mass market table games had a hold percentage of 30.9% for the period, allowing mass table revenues to inch up 26.9% to $189.2 million. Gaming machine handles enjoyed a strong quarter as well, as revenues grew 18% to $793.3 million.

Meanwhile, non-gaming revenues also climbed 11.7% to $31.4 million during the quarter.

The company noted that the unaudited financial results for the fourth quarter and full year 2017 results have also been filed with the United States’ Securities and Exchange Commission on Feb. 8.

Incorporated in 1974, Melco Resorts is one of the co-licencees that developed the integrated hotel, gaming, retail and entertainment complex called City of Dreams Manila in the state-run Entertainment City.

Pls don't follow me....I'm lost too! hehe

been buying slowly for a couple of days already

Trading stocks is never a sure thing. Please do your own homework before pressing the button.

Uncertainty, the only thing certain in this kind of endeavor......

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