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Saturday, September 13, 2008
Melco Crown Entertainment Limited’s (NASDAQ:MPEL)
Melco Crown Entertainment Limited’s (NASDAQ:MPEL) ADR recorded a significant single day decline on 10 September 2008 following A-max Holdings Limited’s (A-max) announcement of a decline in rolling chip volumes for the month of August 2008 due to travel restrictions imposed by the Chinese government. We believe the decline in ADR price can be attributable to investors concerns over the impact of restrictions imposed by the Chinese government on travel to Macau and its impact on revenues.
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