• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco Crown announces Hyatt for CoD Manila

Jun 03, 2014 Newsdesk Latest News, Philippines  


Melco Crown announces Hyatt for CoD Manila

Hyatt Hotels & Resorts and Melco Crown (Philippines) Resorts Corp confirmed on Tuesday a hotel management agreement for Hyatt City of Dreams Manila.

The venture will be housed in two towers of the US$1.26 billion resort. The property is being developed jointly by Philippines company Belle Corp – controlled by the family of Filipino-Chinese entrepreneur Henry Sy – and a unit of Melco Crown Entertainment Ltd, co-chaired by Lawrence Ho Yau Lung.

Armin Santos, executive vice president, integrated resorts, for Belle Corp, confirmed to GGRAsia during the Global Gaming Expo (G2E) Asia 2014 last month that the partners’ aim is to open City of Dreams Manila in October to coincide with China’s Golden Week holiday.

In earlier filings to the Philippine Stock Exchange, Melco Crown Philippines had simply said it was aiming to open the property “in 2014”.

According to a filing to the Hong Kong Stock Exchange by Melco Crown in October 2012, one of its units – MCE Leisure – will be entitled to retain all profits from non-gaming operations at City of Dreams Manila. Melco Crown must share gaming revenue with its local partner.

“Hyatt City of Dreams Manila will represent an important milestone for us as we look to further build brand loyalty in locations where our guests are frequently travelling,” said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific, Hyatt Hotels & Resorts.

A hotel under the Hyatt branding already operates at City of Dreams in Macau (pictured).

“…we believe Hyatt City of Dreams Manila will attract business leisure travellers, as well as meeting and incentive groups, from across the region,” said Clarence Chung Yuk Man, chairman and president of Melco Crown Philippines.

Melco Crown Philippines said the Hyatt would feature 365 guestrooms, two food and beverage areas, a fitness centre, VIP lounge and outdoor swimming pool.

Melco Crown has previously announced the six-tower Manila property will have an approximately 260-room Crown Towers hotel, using the branding of the Australian Melco Crown partner Crown Resorts Ltd. It will also have a Nobu Hotel – the first in Asia – taking advantage of the brand recognition globally of Japanese chef Nobu Matsuhisa and Nobu’s brand ambassador, Oscar-winning actor Robert De Niro, who is also a shareholder in Nobu Hospitality LLC according to a company announcement in March.


  • tweet
Related articles
  • Kevin Benning starts new senior role at Studio City, Macau
    Kevin Benning starts new senior role at...

    Dec 11, 2020  

  • Pagcor boss affirms some Ent City casinos have PIGO permits
    Pagcor boss affirms some Ent City...

    Dec 09, 2020  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us