Officially opening its doors today (02 Aug), ‘City of Dreams Sri Lanka’ becomes the first integrated resort in South Asia.
A dinner was held yesterday with the participation of President Anura Kumara Dissanayake, announcing the opening of the resort.
However, the US$ 1.2 billion project, backed by John Keells Holdings (JKH), will see Bollywood superstar Hrithik Roshan at its official opening ceremony scheduled for today.
The highly anticipated resort, previously known as Cinnamon Life Integrated Resort, is now renamed ‘City of Dreams Sri Lanka’ after John Keells Holdings (JKH) entered a partnership with global casino operator Melco Resorts and Entertainment Limited to operate a casino at the billion-dollar integrated resort in Colombo.
The launch of City of Dreams Sri Lanka marks the completion of the final components of the project, including a world-class casino, the luxurious Nüwa hotel and a premium shopping mall.
The resort consists of a 180,000 square foot casino, fitted out by Hong Kong-listed Melco Resorts and Entertainment, which has invested approximately US$ 125 million into the facility.
A wholly-owned subsidiary of Melco has been granted a 20-year licence by the Sri Lankan government to operate the casino, housed within the integrated resort and leased from JKH’s Waterfront Properties.
The resort’s 113-key hotel, which occupies the top five floors of the property, will be managed under Melco’s ultra-high-end Nuwa brand, which also operates in Macau and the Philippines.
The project is expected to elevate Colombo’s standing as a regional destination for leisure, entertainment and high-end retail. (Newswire)
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