Appointments, Collaboration for Edutainment Destination, Technology Installation on Vessels, and Bigger Slice of the Gaming Pie - Analyst Notes on MGM Resorts, Melco Crown, Carnival, Royal Caribbean and Boyd
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NEW YORK, June 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding MGM Resorts International (NYSE: MGM), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), Carnival Corporation (NYSE: CCL), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Boyd Gaming Corp. (NYSE: BYD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3258-100free.
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MGM Resorts International Analyst Notes
On May 28, 2014, MGM Resorts International (MGM Resorts) named Thomas N. Auriemma, Esq. to its Compliance Committee, which is composed of independent members who are designated with the responsibility of providing guidance and counsel to management and the Board of Directors. Auriemma brings with him 28 years of experience as a gaming regulator, and has previously served as a Deputy Attorney General in the New Jersey Division of Criminal Justice and as the Deputy Director of the New Jersey Casino Control Commission's Legal Division. Commenting on the appointment, John McManus, Executive Vice President and General Counsel, MGM Resorts, said, "With Tom's appointment we continue to ensure that the company will receive the benefit of sound advice from people with varied and distinguished backgrounds." The full analyst notes on MGM Resorts are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/MGM/report.pdf
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Melco Crown Entertainment Ltd. Analyst Notes
On May 22, 2014, Melco Crown (Philippines) Resorts Corporation (Melco Crown Philippines), a subsidiary of Melco Crown Entertainment Ltd., announced a collaboration with DreamWorks Animation to develop the world's first DreamWorks-inspired "Edutainment" center in the City of Dreams Manila. The education-based, interactive entertainment concept, is called "DreamPlay by DreamWorks," the first of its kind to represent an exciting blend of integrated live and digital play spaces. It features DreamWorks' popular characters and creative storytelling combined with innovative educational play that appeal to children and adults alike. Theatre-goers can directly interact with DreamWorks characters' through the interactive environment equipped with the latest digital technologies. Clarence Chung, Chairman and President, Melco Crown Philippines, said, "Melco Crown Philippines is delighted to be introducing DreamWorks to the Philippines as we continue our strategy of delivering innovative leisure and entertainment offerings that enhance the leisure destination appeal of Manila." The full analyst notes on Melco Crown are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/MPEL/report.pdf
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Carnival Corporation Analyst Notes
On May 22, 2014, Carnival Corporation (Carnival) announced its plan of increasing the installation of its industry-first exhaust gas cleaning technology, investing nearly $400 million to design, build and install the systems to more than 70 vessels. With the expansion covering 70% of its entire fleet, the systems will enable Carnival to meet new regulations that place a cap on sulfur content of fuel oil at 0.1%, resulting in significantly reduced air emissions. The systems, which are scheduled to be installed over the next three years, are known to clean exhaust from high-sulfur level. Arnold Donald, Carnival Corporation CEO, said, "This is a key step forward for Carnival Corporation and its 10 brands -- and most importantly for the environment." The full analyst notes on Carnival are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/CCL/report.pdf
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Royal Caribbean Cruises Ltd. Analyst Notes
On May 27, 2014, Royal Caribbean Cruises Ltd.'s (Royal Caribbean) Jorge Vilches was appointed as President and CEO of Pullmantur, one of the Company's six brands. Vilches will be responsible for the strategic direction and leadership of the brand to ensure its continuous growth and success, and will directly report to Richard D. Fain, Chairman and CEO of Royal Caribbean. Vilches spent the past 10 years in the travel industry, holding various positions with the LATAM Group, a leader in the airline industry in South America. Commenting on the appointment, Fain, said, "Jorge has a proven track record of success in the travel industry, and extensive knowledge of the market. I look forward to his leadership at Pullmantur." The full analyst notes on Royal Caribbean are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/RCL/report.pdf
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Boyd Gaming Corp. Analyst Notes
On May 14, 2014, Boyd Gaming Corp. (Boyd) announced that it generated $4.1 million in online gaming revenue in April 2014, from Borgata's online gaming operations together with partypoker, leading the New Jersey online market with 36% share. Borgata's online revenue was $3.1 million on a per-day basis from March 2014, while the standalone market share of the property stood at 27.5%. Keith Smith, President and CEO of Boyd, said that Boyd continues to leverage online gaming to expand customer base after creating 55,000 online accounts and is also raising efforts to convert players who haven't visited Borgata in a year into new customers for the land-based business. "We continue to enhance our product, add new game titles, and refine our processes, bonus promotions and tournament schedules," Smith added. The full analyst notes on Boyd are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/BYD/report.pdf
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