{"id":777007174,"date":"2023-07-12T08:38:56","date_gmt":"2023-07-12T11:38:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007174"},"modified":"2026-04-22T20:08:04","modified_gmt":"2026-04-22T23:08:04","slug":"melco-opens-europes-first-integrated-resort","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-opens-europes-first-integrated-resort","title":{"rendered":"Melco opens Europe&#8217;s first integrated resort"},"content":{"rendered":"\n<p>Lawrence Ho says City of Dreams Mediterranean will open up new markets.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cyprus.- Melco&#8217;s<strong> City of Dreams Mediterranean<\/strong> integrated resort opened on Tuesday. The \u20ac600m resort in Limassol, Cyprus, has a casino, 500 guest rooms and suites, sports facilities, shopping, art, an outdoor amphitheatre, a family adventure park, conference and exhibition space and dining options. <\/p>\n\n\n\n<p><strong>Lawrence Ho<\/strong>, chairman and chief executive officer of Melco Resorts &amp; Entertainment, says it will &#8220;unlock new markets in the region and beyond.&#8221; The resort is expected to create an estimated 2,500 permanent jobs in the IR.<\/p>\n\n\n\n<p>Melco had been operating a temporary casino in Cyprus and is licensed to run four satellite casinos. With the opening of City of Dreams Mediterranean, the company will continue operating the satellite casinos while discontinuing the temporary casino.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Melco Resorts posts revenue of US$716.5m for Q1<\/h2>\n\n\n\n<p>The casino operator shared its financial results for the first quarter of 2023. Operating revenues hit US$716.5m, up 51 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-net-loss-of-us183-3m-for-q1\" rel=\"noreferrer noopener\">compared to the first quarter of 2022<\/a>&nbsp;( US$474.9m).<\/p>\n\n\n\n<p>Melco attributed the growth to improved performance across all gaming segments, primarily due to the relaxation of Covid-19 restrictions in Macau. The company reported adjusted property EBITDA of US$190.8m, compared to US$56m in the first quarter of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawrence Ho says City of Dreams Mediterranean will open up new markets.<\/p>\n","protected":false},"author":176,"featured_media":20677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts & Entertainment has officially opened its \u20ac600m City of Dreams Mediterranean integrated resort in Limassol, Cyprus, a strategic move expected to unlock new regional markets. Concurrently, Melco reported robust Q1 2023 financial results, with operating revenues up 51% to US$716.5m, primarily driven by the relaxation of COVID-19 restrictions in Macau.","focusai_entities":"Melco, Melco Resorts & Entertainment, Lawrence Ho","focusai_location":"Cyprus, Limassol, Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ROI Projections","query":"What are Melco's long-term GGR and NGR projections for the City of Dreams Mediterranean, and how do these align with the \u20ac600m capital expenditure and anticipated ROI benchmarks for integrated resorts in emerging markets?"},{"label":"Regulatory Evolution","query":"Beyond the initial licensing, what specific governance frameworks and regulatory compliance challenges does the Cypriot jurisdiction anticipate in overseeing a multi-vertical integrated resort of this scale, particularly concerning responsible gambling and AML protocols?"}],"footnotes":""},"categories":[28,16331],"tags":[18488],"class_list":["post-777007174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-elsewhere-news","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007174"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007174\/revisions"}],"predecessor-version":[{"id":777007214,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007174\/revisions\/777007214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20677"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}