Melco gearing up to opening renovated Macau hotel at City of Dreams
Melco Resorts & Entertainment generated revenues for the fourth quarter of 2025 of US$1.29bn, representing an increase of nine per cent due to the improved overall rolling chip and mass market table games performance.
Lawrence Ho, our Chairman and Chief Executive Officer, commented: “2025 was a year of growth and recovery, supported by disciplined cost management and margin expansion. Melco Resorts recorded US$1.43bn in Group Property EBITDA for the full year 2025. In Macau, Property EBITDA grew by 25 per cent year-over-year to US$1.23bn for the full year 2025, driven by stronger gaming revenue and margins. We remain focused on executing our growth priorities and are energised by the pipeline of new initiatives launching in the coming year, each designed to further differentiate our offerings.
“In the Philippines, City of Dreams Manila was impacted by competitive pressures and industry headwinds. In Cyprus, City of Dreams Mediterranean and our satellite casinos recorded a solid 35% year-over-year growth in Property EBITDA for the full year 2025.”
“Chinese New Year looks strong, with higher-yielding cash ADRs compared to 2025. We have a pipeline of new initiatives that we are planning to implement in 2026 to further differentiate our offerings, with the largest project being the opening of the renovated Countdown Hotel. We are on track to progressively start opening in 2026. The completed hotel is expected to introduce a truly distinctive experience and set a new benchmark in Macau. We have also started on a revamp of the retail area at COD and have plans to upgrade our F&B offerings, continuing to further enhance our product quality. In the Philippines, competitive pressures and industry headwinds continued to impact our performance in 2025.”
For the quarter ended December 31, 2025, total operating revenues at City of Dreams were US$695.7m, compared with US$591.1m in the fourth quarter of 2024. Studio City came in at US$360.4m, up from US$342m. Altira Macau fell to US$25.3m from US$31.2m in the fourth quarter of 2024.
City of Dreams Manila was down at US$100.2m, compared with US$133.8m in the fourth quarter of 2024. The year-over-year decrease in Adjusted EBITDA was primarily a result of softer performance in all gaming and non-gaming operations.
In Cyprus, where Melco owns City of Dreams Mediterranean in conjunction with three satellite casinos in Cyprus, revenues were up to US$83.5m, compared with US$59.2m.
Ho said: “City of Dreams Mediterranean and the satellite casinos in Cyprus achieved 78 per cent year-over-year growth in property EBITDA to $21m for 2025, despite seasonality typically being slower in these months. And finally, in Sri Lanka, we continue to focus our efforts to progressively ramp up operations and have seen promising green shoots so far in 2026.”
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Melco gearing up to opening renovated Macau hotel at City of Dreams Melco Resorts & Entertainment generated revenues for the fourth quarter of 2025 of US$1.29bn, representing an increase of nine per cent due to the improved overall rolling chip and mass market table games performance. Lawrence Ho, our Chairman and Chief Executive Officer, commented:…
The post Countdown is on for Melco following a year of growth appeared first on G3 Newswire.