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World's best casino stock on a roll, buoyed by Manila's warming ties with Beijing

Shares of Melco Crown Philippines, a subsidiary of HK's Melco Resorts & Entertainment, have seen a 117% rise this year


MELCO Crown Philippines Resorts Corp is the best-performing casino stock in the world this year. To punters playing baccarat at the company's City of Dreams venue in Manila, that's no surprise.

"Foreign players have multiplied and they're mostly Chinese," said Fernando, 49,...

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