{"id":777010938,"date":"2023-11-08T07:45:38","date_gmt":"2023-11-08T10:45:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010938"},"modified":"2026-04-22T16:23:40","modified_gmt":"2026-04-22T19:23:40","slug":"city-of-dreams-manila-operating-revenue-up-7-3-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-operating-revenue-up-7-3-in-q3","title":{"rendered":"City of Dreams Manila operating revenue up 7.3% in Q3"},"content":{"rendered":"\n<p>Operating revenue at City of Dreams Manila was US$124.9m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Melco Resorts &amp; Entertainment Limited\u00a0<\/strong>has shared financial results from City of Dreams Manila for the third quarter of the year. Operating revenue was US$124.9m,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-operating-revenue-rises-4-per-cent-in-q2\" target=\"_blank\">up 7.3 per cent in quarter-on-quarter terms<\/a>\u00a0and up 21.7 per cent year-on-year. Adjusted EBITDA was US$48.7m, compared with US$41.4m in the comparable period of 2022.<\/p>\n\n\n\n<p>Rolling chip volume was US$374.6m compared to US$513.2m while the rolling chip win rate was 6.48 per cent. The mass market table games drop increased to US$214.1m from US$153.3m. The mass market table games hold percentage was 29.7 per cent, down from 33.1 per cent in the third quarter of 2022.<\/p>\n\n\n\n<p>The gaming machine handle was US$1.03bn. City of Dreams\u2019 non-gaming revenue was US$29m (US$28.5m in the third quarter of 2022).<\/p>\n\n\n\n<p>Chairman and CEO&nbsp;<strong>Lawrence Ho<\/strong>&nbsp;said: \u201cCity of Dreams Manila continues to generate solid earnings with a strong margin profile. On the other hand, after a successful opening, City of Dreams Mediterranean has been impacted by the conflict in Israel. Our teams are working on re-aligning our marketing strategy.<\/p>\n\n\n\n<p>\u201cFood waste reduction continues to be a key focus of our sustainability strategy with plate waste being the most challenging area to address. With clean plate awareness campaigns taking place almost daily in our staff dining areas at City of Dreams Manila and the implementation of AI technology, plate waste per cover has reduced by more than 60 per cent.\u201d<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-philippines-to-build-48-new-hotels-by-2028\" rel=\"noreferrer noopener\">The Philippines to build 48 new hotels by 2028<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operating revenue at City of Dreams Manila was US$124.9m.<\/p>\n","protected":false},"author":176,"featured_media":16426,"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 reported Q3 2023 financial results for City of Dreams Manila, demonstrating robust year-on-year growth in operating revenue and Adjusted EBITDA, primarily driven by strong mass market performance. Concurrently, the company acknowledged that City of Dreams Mediterranean's operational performance was adversely affected by geopolitical conflict, necessitating a strategic marketing realignment. Melco also highlighted advancements in its sustainability initiatives at City of Dreams Manila, specifically in food waste reduction.","focusai_entities":"Melco Resorts & Entertainment Limited, City of Dreams Manila, City of Dreams Mediterranean, Lawrence Ho","focusai_location":"Philippines, Manila, Israel","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), marketing_crm (0.8), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Manila GGR Outlook?","query":"What is the projected GGR growth trajectory for City of Dreams Manila, considering the sustained strength in mass market performance and the broader Philippine tourism development pipeline?"},{"label":"Mediterranean Risk Mitigation?","query":"What specific risk mitigation strategies and marketing re-alignment initiatives are being implemented for City of Dreams Mediterranean to offset the ongoing impact of regional geopolitical instability?"}],"footnotes":""},"categories":[163,16333],"tags":[19841,23907],"class_list":["post-777010938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-city-of-dreams-manila","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010938","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=777010938"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010938\/revisions"}],"predecessor-version":[{"id":777041000,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010938\/revisions\/777041000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}