Melco International is committed to establishing a strong presence around the world. As the Company continues to broaden its international presence through exciting new developments, it will leverage its full breadth of experience, which includes expertise in delivering spectacular entertainment from the East and West.
In Macau, Melco International is continuing its efforts to create new value by providing more innovative entertainment offerings and enriching its portfolio of assets in the city to support the government’s vision for tourism diversification. As part of the Phase 3 development of City of Dreams, Morpheus is expected to open in the first half of 2018. It is designed to satisfy and inspire the dreams of tomorrow’s most sophisticated and aspirational international travellers.
On the global stage, Melco International continues to seek potential opportunities to enrich its business portfolio and reinforce its leading position in the gaming and entertainment industry. It expects continuous stable growth and sustainable revenues to be generated from City of Dreams Manila in the Philippines.
In Vladivostok, Russia, the gaming and resort development project, Tigre de Cristal, in which the Group has an interest, has continued to ramp up its business and added to its non-gaming facilities offerings since its grand opening in November 2015 and has been recording improvements in visitation and gross gaming revenues.
In Cyprus, the consortium formed between Melco International and Cyprus Phasouri (Zakaki) Limited has successfully obtained a 30-year license agreement to develop and operate an integrated resort.