editor 
Gelonghui April 30th, City of Dreams International Development (00200)Hardyaltexno3.HK) announcementHardyaltexno3In its release on April 30, 2024, Melco Boya Entertainment announced the largest size of the Colombo Stock Exchange.Hardyaltexno3The listed group John Keells Holdings PLC ("John Keells") cooperates to develop John Keells's $1 billion integrated resort project in the heart of Colombo.
Melco Boya Entertainment has announced that the integrated resort formerly known as "Cinnamon Life Integrated Resort" will be renamed under the "Cityof Dreams Sri Lanka" brand as part of the partnership. City of Dreams Sri Lanka will be the first integrated resort in Sri Lanka and South Asia. The project has excellent architecture and design, and offers a range of iconic and unparalleled experiences, including 800 hotel rooms, retail, catering and exhibition facilities. it is bound to set new standards for luxury hotels, entertainment and leisure experiences in Sri Lanka.
Melco Entertainment also announced that a wholly owned local subsidiary had been granted a 20-year casino licence by the Sri Lankan government. Melco Entertainment will be responsible for the decoration and operation of the City of Dreams Sri Lanka gaming area. Of the City of Dreams SriLanka's 800 rooms, 113 ultra-high-end deluxe rooms, the top five floors of the hotel building, will be named after the "Summer residence" brand of Melco Entertainment and managed by Melco Entertainment.
Melco Boya Entertainment and John Keells have reached an agreement on major commercial arrangements and are expected to start casino decoration work in the near future. The initial investment in the casino is expected to be about 1.Hardyaltexno3.25 billion dollars. The non-gaming facilities at the integrated resort, including the 687-room Cinnamon Life hotel managed by John Keells, are in the final stage of completion and are expected to begin operation in the third quarter of 2024. According to the performance and market conditions, the gaming facility will be further expanded.