Melco Resorts reports Q3 with $1.18B revenues
Melco Resorts and Entertainment, a company that has entertainment and casino gaming facilities in Europe and Asia, has reported a 16% rise in its Q3 operating revenues...
Melco Resorts secures Sri Lanka license effective April 1
Melco Resorts and Entertainment, a company that has entertainment and casino gaming facilities in Europe and Asia, is excited to announce it secured a 20-year license to operate a gaming venue in Sri Lanka until April 1, 2044.
Sri Lanka’s first-ever casino project by Melco Resorts is expected to welcome its guests in Q3 2025. The casino project, which has a budget of $1 billion, is a joint venture with John Keells Holdings, a major Sri Lankan real estate developer. The operations will be handled by Bluehaven Services (Private) Ltd, a Melco subsidiary.
Melco commented:
“The group will continue to take a strategic, asset-light approach to global expansion, actively exploring new opportunities in emerging gaming markets.”
The development aims to strengthen Melco’s global presence, enhance regional tourism, and boost the local economy. The integrated resort will feature 800 hotel rooms, diverse dining options, and conference spaces.
Additionally, Melco is also investing $125 million to ensure the casino meets global gaming standards, aiming to bring significant economic growth to Sri Lanka and draw comparisons to similar successful projects in the region.
Melco hits 22% rise in Q2
Melco Resorts and Entertainment announced its Q2 results, highlighting the rise of its operating revenues to 22%.Founded in 2004, Melco has entertainment and casino...
