Sri Lanka is embarking on an unprecedented reform of the gambling industry: from offline casinos to online platforms, from dealing mechanisms to intermediary systems, the entire gambling regulatory system is about to be restructured—the core goal of this reform is to turn the gambling industry into
The large-scale integrated resort project "City of Dreams Sri Lanka" is progressing smoothly, with parts of the hotel, dining, and banquet facilities operated by the Cinnamon Life brand opening in October 2023. The project is a joint venture between Melco Resorts & Entertainment and local real estat
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
City of Dreams Sri Lanka, the casino-resort project in Colombo developed through a partnership between Sri Lanka’s John Keells Holdings and Macao-based Melco Resorts & Entertainment, is set to be fully operational by the third quarter of 2025. The timeline was confirmed by John Keells Holdings C
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
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
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