Melco Resorts appointed Mark Tricano as senior vice-president and property president of City of Dreams Manila, effective from mid-September. He will replace Geoff Andres, who is retiring and returning to the United States to join his family, Melco said.
The appointment names the next leader of Melco’s Manila casino property as its current president retires.
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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.
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.
Belle Corp reported revenue of Php1.42 billion for the three months to 31 March 2026, up 9% year on year, in a filing with the Philippine Stock Exchange. Its share of gaming revenue from City of Dreams Manila rose 12% to Php486 million, while land and building lease revenue remained at Php588 million.
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.