Lawrence Ho, the Chairman and CEO of Melco Resorts & Entertainment, says the company has decided not to sell its 50% stake in Philippines integrated resort City of Dreams Manila following completion of a strategic evaluation.
The company had revealed in February 2025 that it was exploring strategic alternatives for City of Dreams Manila and later confirmed it was in discussions with potential buyers.
However, Ho revealed during Melco’s 4Q25 earnings call overnight that the search for a buyer was now concluded with no plans to pursue a sale.
“Although we considered various alternatives, we did not feel that any of those options would allow the value and potential of the property to be fully realized,” he explained. “We are confident that business will rebound and we may reevaluate the situation in the future.”