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Melco Resorts Explores Strategic Options for City of Dreams Manila

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Melco Resorts Explores Strategic Options for City of Dreams Manila

An update from Melco International ( (HK:0200) ) is now available.

Melco Resorts & Entertainment Limited, a subsidiary of Melco International, is exploring strategic alternatives for City of Dreams Manila, a resort managed by its subsidiary Melco Resorts Leisure. The company has engaged CBRE Capital Advisors, Inc. and Moelis & Company LLC as financial advisors for this process, but no decisions have been made yet, and there is no assurance of any resulting transaction.

More about Melco International

Melco International Development Limited is a developer, owner, and operator of integrated resort facilities in Asia and Europe. Its listed subsidiary, Melco Resorts & Entertainment Limited, has its American depositary shares listed on the Nasdaq Global Select Market in the United States.

YTD Price Performance: -3.21%

Average Trading Volume: 3,843

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $791.5M

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