Melco Resorts could raise close to $600 million by selling City of Dreams Manila, according to analyst David Bain. The company said its strategic review of the property was advancing in May, but no transaction had been announced in the report.
A sale at the analyst’s estimated value could provide Melco with proceeds to reduce debt.
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City of Dreams Manila management is considering entering online gaming in the Philippines, citing Seaport Research Partners. The brokerage based its assessment on discussions with Melco Resorts & Entertainment management at the 2026 Seaport Annual Summer Conference.
It was reported that Belle’s Q2 share of City of Dreams Manila gaming revenue rose 37.5% annually to PHP467.2m. The figures came from a filing to the Philippine Stock Exchange.
Entertainment City integrated resorts in Metro Manila generated more than PHP37.47 billion in gross gaming revenue in the three months to 31 March 2026, according to PAGCOR data. The total fell 11.1% year on year, while electronic gaming revenue across the Philippines declined 22.4% to PHP39.90 billion.
Belle said gaming income from its share of City of Dreams Manila reached PHP485.7 million in the three months to 31 March 2026, up 12.3% year on year. The company also reported PHP588 million in leasing income, unchanged year on year, and total revenue of nearly PHP1.42 billion.
Analysts issued views on Genius Sports, Churchill Downs, Rush Street and Gaming and Leisure Properties, according to the report. One analyst said Macau’s October gross gaming revenue fell 10% year on year, while another noted a proposed 19% value-added tax on online gaming deposits in Colombia that still requires legislative approval.