2023-05-12 07:27:03 ET
Melco Resorts & Entertainment ( NASDAQ: MLCO ) announced on Friday that the City of Dreams Mediterranean casino resort in Cyprus will open on July 10.
City of Dreams Mediterranean will be the first integrated resort in Europe. The company said the complex including Europe’s grandest casino, fine dining, extensive entertainment, and the biggest expo center in Cyprus.
Melco Reosrts ( MLCO ) is holding a special soft opening period for hotel and invited guests on June 12 ahead of the public opening in July.
Earlier in the week, Melco Resorts & Entertainment Limited ( MLCO ) reported operating revenue soared 51% in Q1 with the relaxation of COVID-19 related restrictions in Macau boosting traffic. Total operating income for the quarter of 2023 was $0.4M compared with operating loss of $135.9M a year ago. Melco generated adjusted Property EBITDA of $190.8M in the quarter compared with adjusted property EBITDA of $56.0M a year ago.
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Melco announces Cyprus casino will open in July to be Europe's first integrated resort