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Get ready for an exciting new chapter in Sri Lanka's tourism story! Melco Resorts & Entertainment, one of Macau's gaming powerhouses, has teamed up with John Keells Holdings PLC to bring a game-changing integrated resort to the heart of Colombo. The US$1 billion-plus project, aptly named City of Dreams Sri Lanka, is set to be the first of its kind in Sri Lanka and the entire South Asian region.

This ambitious venture will offer a world-class experience that goes beyond just gaming thrills. Imagine an 800-room luxury hotel, a diverse array of retail outlets, tantalizing food & beverage options, and state-of-the-art MICE facilities – all under one roof. It's a dream destination for entertainment, relaxation, and business opportunities.

But that's not all! Melco's local subsidiary has secured a 20-year casino license from the Sri Lankan government, ensuring a thrilling gaming experience for visitors. Melco will oversee the casino area's fit-out and operation, as well as managing the top 5 floors of the hotel under its prestigious Nuwa brand, which accounts for 113 of the 800 hotel rooms.

The non-gaming facilities, including the 687-key Cinnamon Life hotel managed by John Keells, are nearing completion and are expected to open in the third quarter of 2024. The excitement builds as casino operations are slated to commence in mid-2025, with the potential for further expansion based on the project's performance and market conditions.

Mr. Lawrence Ho, the visionary Chairman and CEO of Melco, expressed his enthusiasm for this groundbreaking partnership, stating, "We are thrilled to be part of this landmark development in Sri Lanka and to be in partnership with John Keells. We believe Sri Lanka holds immense potential, and this opportunity complements our existing portfolio of properties."

City of Dreams Sri Lanka is poised to be a game-changer, serving as a catalyst for stimulating tourism demand and promoting economic growth in Sri Lanka. The project draws inspiration from the success of integrated resorts in other jurisdictions, offering a unique and unforgettable experience for visitors.

Melco and John Keells are committed to working closely with the Sri Lankan Government to ensure the venture's success and make a significant, positive impact on the local community and economy.

So, whether you're looking to expand your team or stay informed about the latest industry trends, AJM is here to support you every step of the way.