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Casino Stock Winners and Losers: Melco

Stock quotes in this article: MGM , LVS , MPEL , BYD , PENN , WYNN , ASCA , PNK  

Shares of many casino companies traded lower with the broader market on Friday, and Melco Crown Entertainment(MPEL Quote) announced 1.2 million visitors attended its City of Dreams resort in Macau in June.

Melco said that rolling chip performance, a measure of VIP play, improved sequentially weekly to about $1.94 billion in June.

City of Dreams' mass market table games' hold percentage -- the amount won by the casino as a percentage of the total wagered -- was within its targeted range of 16% to 18% in June. The rolling chip hold percentage, however, was less than 1%; the target was 2.85%. ...

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