Las Vegas Style in Macau Bolsters Melco as Shares Rally

Melco Crown Entertainment Ltd., the Macau casino venture of entrepreneur Lawrence Ho and billionaire James Packer, rose for a fourth day in Hong Kong on prospects its version of the Las Vegas Strip in Cotai will boost profit.

Shares of Hong Kong-based Melco Crown climbed 0.7 percent to HK$92.10, extending this year’s rally to 115 percent. The U.S.-traded shares climbed 7.3 percent to $35.59 in November and have returned 111 percent this year. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in New York jumped 5.6 percent last month, as the iShares China Large-Cap ETF, the nation’s largest exchange-traded fund in the U.S., climbed 6.8 percent.