CHART DU JOUR: MASSIVE INCREASE

05/15/13 03:23PM EDT

MPEL’s Mass push has been an overwhelming success

  • Mass revenue per table still climbing at a fast rate for all operators with the exception of capacity constrained SJM
  • MPEL’s Mass business has come a long way in 2 years and the operator is firmly entrenched as the market leader in terms of productivity and growth (along with Galaxy on the growth front)
  • Remind us again why MPEL deserves such a valuation discount?  It can’t be due to operational prowess.  EBITDA is not shown here but MPEL is also the market leader in same-store EBITDA growth over the same period.

 CHART DU JOUR: MASSIVE INCREASE - mass1

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.