As the trend of gambling legalization accelerates in South Asia, Sri Lanka is rapidly emerging as a new focal point in the regional gambling market. Recently, the well-known Asian gambling equipment supplier LT Game announced a partnership with Majestic Pride Casino in Sri Lanka, and the project has
Sri Lanka is accelerating the legalization of the gambling industry. Recently, the draft of the "Gambling Regulatory Authority Act 2025" was officially submitted to the parliament, marking the establishment of a unified and institutionalized gambling regulatory framework in the country, comprehensiv
Sri Lanka will reach a critical moment in the development of its tourism industry on August 2 this year: the luxury integrated resort "City of Dreams" with an investment of up to 1.2 billion US dollars will officially open to the public. This is the largest private tourism project in the country's h
Melco Resorts & Entertainment Limited, a comprehensive resort operator, has officially entered the gambling industry in Sri Lanka, investing 5 billion rupees (approximately 130 million Hong Kong dollars) to obtain a 20-year casino license in the country.According to Melco's latest annual financial r
Seaport Research Partners has advised Melco Resorts & Entertainment to divest its stakes in City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus to finance a potential investment in Thailand and fully acquire Studio City in Macau. Vitaly Umansky, an analyst at Sea
According to Prommin Lertsuridej, the Secretary-General to the Prime Minister of Thailand, seven major international investors have expressed strong interest in the casino resort complex planned to launch in Thailand in 2029.These investors plan to invest in complexes in locations including Bangkok,
Studio City Finance Ltd, the operating entity of Melco Resorts & Entertainment’s Studio City integrated resort in Macau, said Thursday it had repurchased another US$37,567,700 worth of its outstanding 6.000% Senior Notes due 2025, representing 7.5% of the aggregate principal amount of the Notes at t
The figure was up 9.76 per cent in year-on-year terms.The Philippines.-The Department of Tourism (DOT)has reported that the Philippinesreceived 4.87 million tourist arrivals in the first ten months of the year. That’s an increase of 9.76 per cent when compared to last year. Some 91.93 per cent of ar
Operating revenue was down 5.05 per cent in year-on-year terms.The Philippines.-Melco Resorts & Entertainment has shared the financial results of City of Dreams Manila for the third quarter.Operating revenue was US$118.9m,down 5.05 per cent year-on-yearbut up 9.08 per cent sequentially. Adjusted
Global casino resort developer and operator Melco Resorts & Entertainment Ltd swung back to a profit of nearly US$27.3 million in the three months to September 30, compared to a US$16.3-million loss in the third quarter 2023.That was on total operating revenues that grew by 15.5 percent to nearl
The luxury hotel Cinnamon Life at City of Dreams Sri Lanka officially opened on October 15, marking the first phase of a $1.2 billion integrated resort (IR) project in Colombo by Melco Resorts and John Keells Holdings (JKH). The development aims to transform the local tourism landscape and boost eco
Philippine-listed Belle Corp reported revenues of just under PHP2.73 billion (US$47.6 million) for the first half of 2024, down 5.8 percent from a year ago.Belle is an investor in City of Dreams (COD) Manila (pictured), a casino resort in the Philippine capital. The complex – run by a unit of Melco
Casino group Melco Resorts & Entertainment Ltd reported total operating revenues of just under US$1.16 billion for the three months to June 30, up 22.3 percent from a year earlier. Judged in quarter-on-quarter terms, the figure rose 4.5 percent, according to a Tuesday press release.The company p
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