{"id":777037979,"date":"2026-02-13T04:11:08","date_gmt":"2026-02-13T07:11:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777037979"},"modified":"2026-04-21T14:26:27","modified_gmt":"2026-04-21T17:26:27","slug":"melco-shelves-city-of-dreams-manila-sale-after-strategic-review","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-shelves-city-of-dreams-manila-sale-after-strategic-review","title":{"rendered":"Melco shelves City of Dreams Manila sale after strategic review"},"content":{"rendered":"\n

The decision was disclosed alongside City of Dreams\u2019 Q4 2025 results.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Melco<\/strong> has abandoned plans to divest its interest in City of Dreams Manila<\/strong> following the conclusion of a strategic review initiated in February last year. Company chairman Lawrence Ho<\/strong> stated that none of the options considered would have allowed the property\u2019s full value and potential to be realised.<\/p>\n\n\n\n

The decision was disclosed alongside City of Dreams\u2019 Q4 2025 results<\/strong>, which showed year-on-year declines. In the quarter, the property generated operating income of US$17.82m,<\/strong> down from US$34.09m<\/strong> in the same period last year. Adjusted property EBITDA fell from US$56.79m to US$33.05m<\/strong>, with Melco\u2019s attributable share amounting to US$18m<\/strong>.<\/p>\n\n\n\n

The quarter saw weaker performance in both VIP and mass play, driving a 26 per cent year-on-year drop in GGR to US$110m. VIP GGR fell 40 per cent to US$21m<\/strong>, while mass GGR dropped 28 per cent to US$42m. Slot GGR decreased 17 per cent to US$47m. VIP rolling chip volume fell 39 per cent to US$469m<\/strong> and mass rolling chip declined 23 per cent to US$129m<\/strong>.<\/p>\n\n\n\n

Ho said 2025 results were pressured by competition and industry-wide challenges, but that Melco remains optimistic amid visa-free entry for Chinese tourists and airport expansions in Manila.<\/p>\n\n\n\n

While Melco has budgeted US$40m<\/strong> in operating expenses for City of Dreams Manila in 2026, the chairman confirmed that the group could reevaluate its decision to sell its stake at a later stage.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Melco aligns with Macau operators on confirmed salary hikes<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The decision was disclosed alongside City of Dreams\u2019 Q4 2025 results.<\/p>\n","protected":false},"author":2395,"featured_media":777023510,"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 has decided against divesting its stake in City of Dreams Manila, concluding a strategic review initiated last year, as Chairman Lawrence Ho stated that current options would not realize the property's full value. This decision follows the disclosure of City of Dreams' Q4 2025 results, which reported significant year-on-year declines in operating income, Adjusted Property EBITDA, and GGR across all gaming verticals, attributed to heightened competition. Despite current pressures, Melco maintains optimism for future performance, citing factors like visa-free entry for Chinese tourists and Manila airport expansions, while keeping open the possibility of a future reevaluation of the divestment.","focusai_entities":"Melco, City of Dreams Manila, Lawrence Ho","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Operational Adjustments?","query":"Given the Q4 2025 GGR declines across all verticals, what specific operational adjustments or market interventions does Melco plan to implement to enhance City of Dreams Manila's competitive positioning and drive future revenue growth, beyond relying on macro-level tourism recovery?"},{"label":"Divestment Reevaluation Criteria?","query":"What are the specific valuation metrics or strategic thresholds that Melco's board would consider in a future reevaluation of the City of Dreams Manila divestment, particularly if the budgeted US$40m in operating expenses for 2026 does not yield anticipated performance improvements?"}],"footnotes":""},"categories":[28,16338],"tags":[19841,18488,24763],"class_list":["post-777037979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-city-of-dreams-manila","tag-melco-resorts","tag-vip-gaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037979","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777037979"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037979\/revisions"}],"predecessor-version":[{"id":777037985,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037979\/revisions\/777037985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777023510"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777037979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777037979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777037979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}