MACAU, S.A.R. - Analysts believe that gaming firm Melco Crown Entertainment will be in the black when it reports its financial results for Q4 of 2010.
According to a consensus poll done by Wall Street Journal of analysts covering the gaming sector, the local gaming firm is expected to report a revenue of US$ 752.6 million or a profit of US$ 0.04 per share for the fourth quarter of 2010.
If analysts are correct with their projections, it could mean that Melco has completely turned around its fortune this time around. Last year, Melco posted a loss of US$ 0.17 per share on a reported net revenue of US$ 400.2 million.
This positive project, should it come to fruition, would place Melco's revenue growth at 88%.
Source: Macau Daily Times
Posted: February 2, 2011
