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Melco urged to sell Manila, Cyprus assets to fund Thai investment and Studio City Macau acquisition

Melco urged to sell Manila, Cyprus assets to fund Thai investment and Studio City Macau acquisition

Seaport Research Partners has advised Melco Resorts & Entertainment to divest its stakes in City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus to finance a potential investment in Thailand and fully acquire Studio City in Macau. Vitaly Umansky, an analyst at Sea

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Casinos in the Philippines: Melco reports City of Dreams Manila Q3 results

Casinos in the Philippines: Melco reports City of Dreams Manila Q3 results

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

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