Melco closed its sole satellite casino, Casino Grand Dragon, almost six months ahead of schedule as Macau’s satellite casino industry faces closure. The company also flagged a sale of its stake in City of Dreams Manila and opened its City of Dreams-branded property in SRI Lanka in early August.
Melco’s closure and planned Manila stake sale affect its Macau operations and asset portfolio.
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City of Dreams SRI Lanka recorded EBITDA of LKR1.43 billion ($4.62 million) in the final quarter of 2025, according to John Keells Holdings’ fiscal third-quarter results. John Keells Holdings said this was the resort’s first full quarter with all components operating; its chairperson said the casino’s performance was improving and that variable rent would begin once it reached a specified performance level.
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.
Belle Corporation reported a 31.5% rise in consolidated net profit to PHP684.6 million for the third quarter of 2026, while revenue grew 12.9% to PHP1.59 billion. Its share of City of Dreams Manila gaming revenue fell 2.8% year on year to PHP530 million, while lottery equipment rental revenue nearly tripled to PHP358.4 million, according to the company's quarterly filings.
Taiwan’s High Court upheld Melco Resorts & Entertainment’s claim that a Taiwanese customer must repay about HKD320.47 million, plus default interest. The court rejected the customer’s challenges to the debt and evidence; the decision remains open to appeal.
Taiwan's High Court has upheld a claim by Melco Resorts & Entertainment that a Taiwanese customer must repay about HKD320.47m ($40.7m), plus default interest, according to court judgments reported by the Taiwanese media. The court rejected the customer's challenges to the debt and to the evidence and sustained the lower courts' decision. The ruling remains open to appeal.
Macau Prosecutor General Tong Hio Fong proposed reviewing the law on unlicensed currency exchange for gambling, citing difficulties proving that suspects near casinos operate a business. The Public Prosecutions Office recorded 493 such cases in the 2025/2026 judicial year, up 20.2% year on year; Tong proposed objective criteria for determining whether an activity constitutes a business.