Content Writer: Janice Chew • Saturday, 26/01/2026 - 11:54:08 - AM
Melco Resorts & Entertainment could potentially raise around US$600 million if it proceeds with a disposal of its interests in City of Dreams Manila, according to analyst commentary cited by GGRAsia. The valuation estimate is based on prevailing market multiples and the property’s earnings profile, with observers noting that the Manila asset has matured into a stable cash-generating operation.
Analysts suggest that a divestment would be consistent with Melco’s broader strategy of capital recycling and portfolio optimisation, particularly as the company continues to focus on core markets such as Macau and emerging opportunities elsewhere. City of Dreams Manila has benefited from a recovering Philippine gaming market, but it is also considered non-core relative to Melco’s flagship developments, making it a logical candidate for monetisation should management prioritise balance sheet flexibility.
From a financial perspective, proceeds from a sale could be used to reduce debt, strengthen liquidity, or fund future development projects. Industry watchers note that casino operators globally have increasingly turned to asset disposals and stake sales to manage leverage amid higher interest rates and capital-intensive expansion plans. Comparable transactions in Asia’s gaming sector have demonstrated strong investor appetite for established, cash-flow-positive assets in regulated markets.
At the same time, analysts caution that any potential transaction would depend on market conditions, regulatory approvals, and buyer interest. While Melco has not formally announced a sale process, the valuation estimates highlight the strategic optionality embedded in its international portfolio. As gaming operators recalibrate capital allocation in a post-pandemic environment, portfolio rationalisation is expected to remain a recurring theme across the regional gaming landscape.