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Visa Worries Maul Melco

Stock quotes in this article: MPEL , WYNN , HLT , RYL , HSOA , TRMP  

Editor's note: "Bricks and Mortar" is a series of columns written by real estate reporter Nicholas Yulico meant to help TheStreet.com readers generate real estate and gaming-related stock ideas.


My bullish thesis on Macau casino developer Melco PBL(MPEL Quote) is taking longer than expected to play out -- but I stand by my views.

Lately, Melco shares have been slammed because of fears about the Chinese government's recent decision to restrict travel visas to Macau, the only region of China where gambling is legal. There also has been a rising short interest in the stock. ...

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