City of Dreams Sri Lanka, the joint venture between Macau’s Melco Resorts & Entertainment and local developer John Keells Holdings, held its Grand Opening on Saturday – celebrating what the companies have described as a “landmark national transformation”.
Located within the US$1.2 billion Cinnamon Life resort in Colombo, City of Dreams Sri Lanka represents a US$125 million investment by Melco, which will operate the casino under a 20-year license agreement plus the 113-room luxury NÜWA hotel brand. John Keels will self-manage the remaining 687 rooms that form the Cinnamon Life @ City of Dreams hotel under its Cinnamon Hotels and Resorts brand.
Speaking at a press conference held at the venue on Saturday, Melco Chairman and CEO Lawrence Ho said Sri Lanka has the opportunity to “be to India what Macau is to China.”
