The group behind City of Dreams Manila, is exploring the possibility of an expansion for its 6.2-hectare casino resort, which is already operating at “full capacity.”
Belle Corporation Vice Chairman Willy Ocier told Manila-based reporters that they are planning to invest in a land “within that area or anywhere else outside Metro Manila.” The initial plan is to develop Belle’s existing 8,500 square meter property near the casino resort, but the executive said they are still “planning with Melco,” the operator of City of Dreams Manila.
“We are looking for neighboring site or land continuous with COD. We are open also [to a] joint venture partnership,” Ocier said, according to Rappler.
The $1.13-billion City of Dreams Manila is currently operating at “full capacity,” more than two years after it opened its doors to the public in December 2014. The integrated resort booked a net revenue of $491.2 million last year, up from the $300.4 million in 2015. CoD’s VIP gaming volume also grew by 110.1 percent to $6.83 billion, while the mass market segment was up 24.7 percent to $550.5 million in volume.