Melco Crown Entertainment Ltd. (Nasdaq: MPEL), the second-most expensive Chinese casino stock after last year’s 75 percent surge, will extend gains as recreational gamblers in Macau drive revenue growth, according to Union Gaming Group. Melco-Crown, a joint venture between Australian billionaire James Packer and Lawrence Ho, son of gambling tycoon Stanley Ho, has doubled its ADR price since reaching a seven-month low in July.
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The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.