Donations, Recognition, Development Updates, Entertainment Advisor, and Extension of Cash Tender Offer - Analyst Notes on Carnival, MGM Resorts, Melco Crown Entertainment, Royal Caribbean and Caesars
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NEW YORK, June 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Carnival Corporation (NYSE: CCL), MGM Resorts International (NYSE: MGM), Melco Crown Entertainment Ltd (NASDAQ: MPEL), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Caesars Entertainment Corporation (NASDAQ: CZR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3603-100free.
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Carnival Corporation Analyst Notes
On June 5, 2014, Carnival Corporation & plc (Carnival) reported that Carnival Foundation, in partnership with the Company, announced the donation of $2.5 million over five years to support The Nature Conservancy's global marine protection priorities. The Company stated that the support will be directed toward identifying locations where industry and community are most dependent on marine and coastal resources. In addition, the support will enable the Conservancy to significantly scale coral restoration initiatives within the Caribbean, and continue to advance important science which shows how coral reefs and other natural systems can help reduce risk to coastal communities. Arnold Donald, CEO of Carnival said, "Carnival Corporation and our 10 cruise lines sail millions of people a year on the world's oceans, so being environmentally responsible is critically important for us. Doing so is not just essential to the very existence of our business, but more importantly, it is the right thing to do." The full analyst notes on Carnival are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/CCL/report.pdf
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MGM Resorts International Analyst Notes
On June 6, 2014, MGM Resorts International (MGM Resorts) announced that it was named one of the most environmentally responsible companies in the US by Newsweek Magazine, having jumped 40 spots from 2012 to the 82nd place this 2014. According to the Company, the Newsweek Green Rankings evaluate the world's largest publicly-traded companies with eight metrics that provides a transparent measurement of overall corporate environmental performance. MGM Resorts added that some of the eight main factors include carbon, energy, water, waste, and the extent to which internal governance is geared towards sustainability. MGM Resorts informed that to assess the companies on corporate reputation and environmental risks and litigation, Corporate Knights Capital partnered with RepRisk - the leading business intelligence provider on environmental, social and governance risks. The Company further notified that Green Rankings was created in 2009 and since then, the Company continuously outperform its previous rankings, having had move from 174, 157, and 122, in 2010, 2011, and 2012, respectively. The full analyst notes on MGM Resorts are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/MGM/report.pdf
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Melco Crown Entertainment Ltd Analyst Notes
On June 3, 2014, Melco Crown Entertainment Ltd (Melco Crown Entertainment) announced that development of the Company's Studio City Project is going as planned and is on track for a mid-2015 opening. The Company stated that Studio City International Holdings Limited (SCH) - the developer of Studio City, increased the Studio City construction budget by c.$300 million, with the total budget registering c.$2.3 billion. The Company notified that SCH's shareholders approved on the additional equity on a pro rata basis, and anticipate that the remaining amount of such budget increase will be paid for out of previously funded equity commitments. According to the Company, the total development cost of the project will continue to be funded by a combination of equity contributions from shareholders, proceeds from the Studio City senior notes and project loan. The full analyst notes on Melco Crown Entertainment are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/MPEL/report.pdf
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Royal Caribbean Cruises Ltd. Analyst Notes
On June 6, 2014, Royal Caribbean International, owned by Royal Caribbean Cruises Ltd. (Royal Caribbean), announced that Kristin Chenoweth, has been appointed as the Quantum Experience Advisor for Entertainment, along with other advisors working with the Company, to heighten entertainment offerings to two of its newest ships, the Quantum of the Seas and Anthem of the Seas. According to the Company, Chenoweth, an Emmy and Tony award-winning performer, brings with her invaluable experience to boost Quantum of the Seas' entertainment facilities in every aspect ranging from sets and music, to costumes, casting and more. Lisa Lutoff-Perlo, Executive Vice President, Operations, Royal Caribbean International, said, "Kristin is by far our most involved godmother yet and it is such a joy to be working with her. We are privileged to have a world renowned performer such as her, sharing insights and feedback on the entertainment that we are so passionate about." The full analyst notes on Royal Caribbean are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/RCL/report.pdf
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Caesars Entertainment Corporation Analyst Notes
On June 4, 2014, Caesars Entertainment Corporation (Caesars) announced that its subsidiary, Caesars Entertainment Operating Company, Inc. (CEOC) amended its previously announced cash tender offers to purchase any and all its outstanding $791,767,000 aggregate principal amount of its 5.625% Senior Notes due 2015, and and any and all of the outstanding $214,800,000 aggregate principal amount of its 10.00% second-priority secured notes due 2015. According to the Company, CEOC is extending its previously announced early tender time, initially at 5:00 p.m. New York City Time on May 19, 2013, to 5:00 p.m. New York City Time on June 16, 2014. Notes holders who validly tendered their Notes before the expiration time will be eligible to receive the previously announced total consideration of $1,048.75 for each $1,000 principal amount of the 5.625% Notes and $1,022.50 for each $1,000 principal amount of the 10.00% Notes. The full analyst notes on Caesars are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/CZR/report.pdf
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