7. Melco Crown Entertainment ( MPEL) is a developer, owner and operator of casino gaming and entertainment resorts in Macau. It operates through subsidiary Melco Crown Gaming and is among the six companies licensed to run casinos in Macau. The company owns and operates City of Dreams, Altira Macau, Mocha Clubs and Taipa Square Casino.

Of the 16 analysts covering the stock, 69% recommend a buy and 25% rate a hold. A Bloomberg consensus expects the stock to gain an average 5.1% to $14.34 in the upcoming 12 months.

During 2011 first quarter, Melco reported 42% increase in total revenue from the year-ago period. Net income for the quarter stood at $7.2 million or 1-cent per share, compared to net loss of $12.5 million or 2 cents per share in the first quarter of 2010. The company recently completed the refinancing of its existing credit facilities related to its projects City of Dreams and Altira. These two properties cover almost $1.2 billion consisting of an amortizing term loan facility for the equivalent of $800 million, and a revolving credit facility for the equivalent of $400 million.

Mid-June this year, the company signed a share purchase agreement to acquire 60% equity interest and shareholder loan in the developer of Macau Studio City, a large-scale integrated gaming, retail and entertainment resort to be developed in Macau.

In a separate development, MPEL's efforts in environmental protection have been recognized by multiple awards in 2011. The company's flagship property, City of Dreams, received the Indoor Environmental Quality Certification. The company's three other hotels received the 2010 Macau Green Hotel Award.

If you liked this article you might like

UBS Bullish on Macau, Rates Wynn, MGM and Melco as 'Buys'

Strong March Macau Numbers Send Casino Stocks Rising

Las Vegas Sands Is a Good Bet in Macau

Macau January Revenue Up but Falls Below Expectations

Despite Road Bumps, Chinese Casinos Will Still Rebound