Melco pays $1.7m rent to JKH in final quarter
Melco Resorts and Entertainment, which opened a casino in City of Dreams Sri Lanka in August last year, reported operating revenue of US$6.4 million (about Rs 1.97 billion), from its core operations in the final quarter of 2025.
The Hong Kong-based developer, owner, and operator of integrated resorts also reported an operating loss of $9.062 million (about Rs 2.771 billion) for the casino, and management services of the ultra high-end Nüwa hotel in the three months ending December 2025. Core operations are not profitable at this early stage. This is nowhere near the scale of Melco Resorts operations in Macau, analysts said.
City of Dreams Sri Lanka integrated resort and casino rent was $1.790m (about Rs 547.3 million) for the quarter ending December 2025, filings in the United States show.
Melco Resorts leases the casino floor space from conglomerate John Keells Holdings subsidiary Waterfront Properties. The 2.7 hectare site is owned by Waterfront Properties. The casino offers 119 tables where roulette, baccarat and blackjack are among the choices for gamblers.
In an earnings call, casino magnate Lawrence Ho Yau-lung, Melco Chairman and Chief Executive Officer, said in reference to City of Dreams Sri Lanka, the company will continue to “progressively ramp up operations, and have seen promising green shoots so far in 2026’’.
Adjusted (or normalised) Ebitda was a negative US$3.9m in the fourth quarter. Adjusted Ebitda does not include depreciation and amortisation or interest expense and removes one-off items, non-operating income, and unrealised gains or losses.
Melco has invested Rs 30.2 billion in equity and loan capital in City of Dreams Sri Lanka in keeping with its undertaking of committing a minimum $100 millionto the capital light project.
Profit attributable to Melco Resorts for the fourth quarter 2025 was $60.6 million, compared with the net loss of $20.3 millionin the year before quarter.
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