Melco Resorts & Entertainment Ltd is actively exploring strategic options for its stake in City of Dreams Manila, signaling a potential shift in the company’s long-term involvement with the integrated resort. The firm revealed this move in a Friday filing, stating that it is currently evaluating “strategic alternatives” connected to its interest in the Philippines-based casino resort. This includes a possible sale or other transactions involving its equity stake.
While discussions remain in early stages, Melco emphasized that there’s no guarantee that these deliberations will lead to any deal. Still, the company’s willingness to consider such a move suggests a significant recalibration of its portfolio strategy. At present, Melco owns approximately 78.1 percent of Melco Resorts and Entertainment (Philippines) Corp., which operates City of Dreams Manila.
Currently, the Philippine subsidiary holds a gaming license issued by the Philippine Amusement and Gaming Corporation (PAGCOR). The license permits operations through July 11, 2033, giving City of Dreams Manila a strong regulatory foundation for the years ahead.
Melco added that it does not plan to disclose further developments unless a definitive agreement is reached or disclosure becomes legally necessary. This cautious stance aligns with industry norms, especially as market dynamics remain fluid across Asia’s gaming sector.
The potential move comes as regional casino operators adjust to post-pandemic market realities and look to optimize assets. Amid heightened competition and evolving consumer behavior, companies like Melco are reassessing which markets align best with their long-term growth strategy.
