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Melco Crown Net Unchanged; Shares Fall on Junket Report

Melco Crown Entertainment Ltd., the casino venture of billionaire James Packer and a son of mogul Stanley Ho, said profit was little changed in the fourth quarter, hurt by costs for a Philippines project.

An article in the British newspaper The Times yesterday said the Chinese government was planning a crackdown on junket operators who bring high-rollers to Macau casinos and may also be linked to money-laundering. Gambling stocks, including Melco, fell on the report.