City of Dreams Manila

    City of Dreams Manila
    City of Dreams Manila

    Website: http://www.cityofdreams.com.ph/

    City of Dreams Manila is an integrated resort and casino that features 3 luxurious hotel brands and various premium dining outlets. It boasts of an iconic Fortune Egg that houses Chaos nightclub known to bring in top-notch acts from around world. City of Dreams is also home to the very first DreamWorks inspired DreamPlay that offers a one-of-a-kind entertainment for whole family. It is strategically positioned in close proximity to the Ninoy Aquino International Airport, SM Mall of Asia, SMX Convention Center and other key destinations.

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    Kevin Benning

    Chief Operating Officer, City of Dreams Manila

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    Premium Leisure Corp Chairman Willy Ocier says the companies involved in the City of Dreams Manila  are considering opening a second property at a different location, The Philippine Star reports.

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    Despite gaming revenue growth at its City of Dreams Manila complex, Belle Corp registered a fall in consolidated net income for the first quarter of 2019, down 18 percent year-on-year to P700 million. The company’s consolidated revenues fell 6 percent to P1.9 billion, which was mainly caused by weaker results at Pacific Online Systems Corporation […]

    City of Dreams Manila opens VR gaming facility

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    Philippine-listed Belle Corp grew its net profit by 11 percent year-on-year in 18H1, reaching P1.96 million, according to its Friday results filing. Excluding capital gains from sales of non-core investments and extraordinary items, Belle’s recurring net income was P2.1 billion in 18H1, representing a 26 percent year-on-year increase from 17H1. Belle said its increase in […]

    Melco Q2 hit by bad luck; COD Manila and Altira drive performance

    Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.

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    PLC in talks to acquire shares in Melco PH unit

    Premium Leisure Corp is reportedly in “preliminary discussions” with Melco Resorts & Entertainment in order to acquire shares in Melco’s local operating unit which runs City of Dreams Manila. The announcement was made on Friday by Melco Resorts and Entertainment (Philippines) Corporation to the Philippine Stock Exchange. Currently, Premium Leisure Corp has an operating agreement […]

    Melco International EBITDA jumps 80 percent

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    Adelson tops Forbes rich-list for casinos

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    Melco set to outperform: Bernstein

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    Belle Corp mid-year profit up 93 pct

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    Melco PH unit doubles capital stock

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    Melco heightens security at PH casino

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    Entertainment City casinos to feel the full brunt of license fees

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    Belle Corp’s CoD Manila operations paying off

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    Government should do more to attract tourists

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    Belle Corp. chairman passes away

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    Congress launches enquiry into Bangladesh bank heist

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    Melco says Studio City, Manila boost Q1 sales, but results miss forecasts

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    Tough times ahead for Macau, says Ho

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    Stop the expansion of casinos outside Entertainment City: Ocier

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    Bloomberry chairman warns of oversupply

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    PAGCOR investigates money laundering allegations

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    Philippine gaming market will continue slump until 2016

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    Andres appointed Melco Crown Philippines COO

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    Melco 3Q profit slumps; net income ahead of consensus, revenue below

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    Morgan Stanley revises down GGR estimates for Philippines

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    Filipino senator requests examination of CoD employee suspensions

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    Leisure and Resorts World 15H1 profit up 50 percent

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    Melco say Dreamplay attraction exceeds expectations

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    Melco Crown Entertainment @ All Asia Dealers Championship

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    All Asia Dealers Championship details announced

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    Melco Crown (Philippines) operating revenue reaches $52.7M in 15Q1

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    Bloomberry Resorts gets Pagcor license for Solaire

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    Melco Q1 misses estimates, revenue in line, as VIPs exit

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    Philippines economy and property market remain strong

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    AML laws seen lacking teeth

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    Taking stock

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    Growth seen slowing as competition rises

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    Ten years on, Melco Crown faces uncertain future

    Almost a decade on from Melco Crown Entertainment’s 2006 IPO, there are signs that the joint venture between two of the world’s largest casino operators is not meeting its sky-high expectations.

    Casinos to benefit as China visa walls crumble

    As China’s outbound tourism market continues to balloon, a growing number of destinations are easing visa requirements to woo the mainland traveller, with casinos in those countries likely to be among the key beneficiaries. With research suggesting that most Chinese overseas tourists will visit a casino, relaxed visa restrictions could be a key driver for GGR.  

    IRs not a one size fits all model for Asia

    Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?

    Philippine revenue still rising, despite recent hiccups, analysts say

    The Philippines, tipped at the beginning of the year to be the region’s best-performing gambling market, is still likely to outperform its peers despite heavy second-quarter losses among operators, slumping stocks and ongoing project delays, analysts say.Manila’s Entertainment City gaming hub had been expected to be a key beneficiary from the VIP exodus from Macau, however, losses across the industry mounted in Q2, with JP Morgan predicting in a June report that profit across the sector would be down 56 percent this year. 

    Junket market shift to create new opportunities?

    China’s crackdown on corruption, increasingly stringent immigration controls and a recently proposed 21-million quota on annual visitors from the mainland has significantly changed Macau’s junket market, with promoters increasingly diverting business to surrounding regions and expanding their reach and scope. 
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