Melco Resorts & Entertainment Ltd actively discusses the sale of its stake in City of Dreams Manila with potential buyers. Meanwhile, the company evaluates its global assets, focusing on streamlining operations and reinforcing its Macau-based investments.
In a recent filing with the Hong Kong Stock Exchange, Melco explained that these talks form part of an ongoing strategic review. Although discussions progress, the company emphasized that no binding agreements have yet been signed. Therefore, the potential sale remains subject to further negotiation and due diligence.
To clarify its current ownership, Melco indirectly controls MCO (Philippines) Investments Ltd, the parent company of City of Dreams Manila’s operator. Through this stake, Melco manages the integrated resort’s operations in Entertainment City, Manila’s premier casino hub.
Previously, media reports in the Philippines indicated Melco’s intent to sell its interest in the property. In response, the company confirmed that while no formal deal has closed, it still considers divestment as an option.
Although Melco scales back in the Philippines, it continues investing heavily in Macau and its home market. This approach aligns with its broader strategy to focus on markets where it holds the strongest competitive advantage.
Currently, Melco has not announced an official timeline for completing the deal—or whether it will complete it at all. However, by publicly acknowledging the negotiations, Melco signals a significant step toward a possible exit from the Manila property. Consequently, interested parties and industry watchers will closely monitor the outcome, given City of Dreams Manila’s scale and influence in the local casino landscape.
