MACAO -- As reported by Bloomberg: "Melco Crown Entertainment Ltd., a casino venture between Australia's richest man and gambling billionaire Stanley Ho's son, rose the most in almost four months
in Nasdaq trading after posting a narrower loss and saying China may ease limits on travel to Macau.
"Melco Crown jumped 50 cents, or 20 percent, to $2.94 at 12:12 p.m. in Nasdaq Stock Market composite trading, the biggest intraday gain since Oct. 31. Before today, the shares fell 23 percent this year.
"Melco Crown, a venture between James Packer's Publishing & Broadcasting Ltd. and Lawrence Ho's Melco International Development Ltd., plans to open its City of Dreams casino and hotel complex in Macau's Cotai area in early June.
"...Melco Crown's Crown Macau casino last year shifted its focus from middle-class gamblers to VIP players..."
|Melco Crown Entertainment is an owner and developer of casino gaming and entertainment resort facilities that are focused on the rapidly expanding gaming market found in Macau. Melco Crown Entertainment operates its superbly designed and managed facilities through its subsidiary Melco Crown Gaming, one of only six companies granted concessions or subconcessions to operate casinos in the former Portuguese enclave.|
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