• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Official launch for CoD Manila February 2: Melco Crown

Jan 15, 2015 Newsdesk Latest News, Philippines, Top of the deck  


Official launch for CoD Manila February 2: Melco Crown

The official opening for the City of Dreams Manila casino resort will be on February 2, the operator Melco Crown Entertainment Ltd has confirmed to GGRAsia by email.

The event is just prior to Lunar New Year, which falls this year on February 19. The festival is known in Greater China as Chinese New Year, and is a popular time for Chinese and other Asian people to visit casinos.

City of Dreams Manila had a soft launch for the local market on December 14. But the regional industry expects the official opening to coincide with a ramping up of a marketing campaign designed to attract some overseas high roller players to the property. Melco Crown must however share gaming revenue from the property with some local partners, but it will be entitled to retain all profits from non-gaming operations.

City of Dreams Manila is described in local media reports as a multi-phase scheme with a US$1.3 billion price tag. Melco Crown is a joint investor in the project alongside local partners including interests linked to the family of Filipino-Chinese businessman Henry Sy.

On Monday, Lawrence Ho Yau Lung, co-chairman of Melco Crown, said he was pleased with his company’s involvement in the Philippines venture.

“We’re very happy with Manila. When [other] people were not so positive on it, now Manila is turning out to be pretty great,” he stated. He didn’t give any numbers on either the gaming or non-gaming operations. The executive was speaking at a media event previewing the company’s US$3.2 billion Studio City resort in Macau likely to open in mid-2015.

In December, a report by credit rating service Standard & Poor’s forecast that in 2015 casino revenue in the Philippines would grow faster than the country’s economy.

In October the International Monetary Fund reduced its forecast for Philippine economic growth in 2015 to 6.3 percent, from the 6.5 percent expansion for 2015 it had estimated in July. It cited the backdrop of weaker global growth as the reason.

(Updated 9.30am Jan 15)


  • tweet
Related articles
  • Philippines 2Q casino GGR up 40pct q-o-q to US$824mln
    Philippines 2Q casino GGR up 40pct...

    Aug 03, 2022  

  • Belle 1H gaming revenue from CoD Manila up 21pct y-o-y
    Belle 1H gaming revenue from CoD...

    Jul 29, 2022  

More news
  • Covid entry tests for mainlanders to Macau, except Zhuhai
    Covid entry tests for mainlanders to...

    Aug 09, 2022  

  • SOFTSWISS affiliate platform Affilka opts for cost-per-lead
    SOFTSWISS affiliate platform Affilka...

    Aug 09, 2022  


Latest News

Covid entry tests for mainlanders to Macau, except Zhuhai

Covid entry tests for mainlanders to Macau, except Zhuhai

Aug 09, 2022  

Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Read More
SOFTSWISS affiliate platform Affilka opts for cost-per-lead

SOFTSWISS affiliate platform Affilka opts for cost-per-lead

Aug 09, 2022  

SOFTSWISS Sportsbook offering iFrame function

SOFTSWISS Sportsbook offering iFrame function

Aug 09, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”

David Green

Gaming and governance consultant at Newpage Consulting



Most Popular

  • More biz from foreigners hard for Macau casinos say expertsMore biz from foreigners hard for Macau casinos say experts August 8, 2022
  • Court tells Philippine AML body end bank heist cash freezeCourt tells Philippine AML body end bank heist cash freeze August 8, 2022
  • Microchip lack felt by slot makers says MGEMA boss ChunMicrochip lack felt by slot makers says MGEMA boss Chun August 5, 2022
  • Bloomberry 2Q net income more than doubles q-o-qBloomberry 2Q net income more than doubles q-o-q August 8, 2022
  • Japanese get visa-free S.Korea entry for August: reportJapanese get visa-free S.Korea entry for August: report August 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us