26Aug/092
Lone Pine Capital’s Melco Crown (MPEL) position – a bet on lowering the Macau gaming revenue tax rate?
Financial HippieI was thinking about shorting Melco Crown (MPEL) until I saw Lone Pine Capital take a 1% stake in Melco Crown. Why did they sell all of their Las Vegas Sands (LVS) position to swap into Melco Crown (MPEL)?