Attending the opening of the Arsenale showroom exhibition that will run at City of Dreams through the end of the year, Melco chief Lawrence Ho said that he hopes that the work on the second phase of Melco’s City of Dreams integrated resort in Macau would start later this year.
He also confirmed that now they have further delayed the launch date of their promising Libertine Hotel project as it plans to start its development by 2021. The redeveloped Countdown hotel would be the new Libertine Hotel.
While the Countdown Hotel hosts 300 luxury rooms, Melco Chief said that they could also reduce the number of rooms during the redevelopment. He reiterated that their company “always want to focus more on quality rather than quantity.”
The redevelopment work would take at least a year.
Earlier this month Melco completed its one year in Cyprus. Addressing a conference in Cyprus on the occasion, Mr. Ho said, “Everything is in place for significant and sustainable growth. The government has a clearly-defined vision, the community is supporting us, and the success of the satellite and pop-up casinos we’ve already opened are evidence of strong consumer demand.”
Melco is also developing another casino in Cyprus – The City of Dreams Mediterranean. The construction work started in April this year, and the casino resort is expected to be welcoming guests in 2021. The entire project is estimated at $617 million.