John Keells Holdings (JKH) has entered a partnership with global casino operator Melco Resorts and Entertainment Limited to operate a casino at its billion-dollar integrated resort in Colombo.
The estimated initial investment in the casino is expected to be approximately US$125 million.
The highly anticipated resort, previously known as Cinnamon Life Integrated Resort, will be renamed ‘City of Dreams Sri Lanka’. This branding aligns with other Melco properties in locations such as Macau, the Philippines, and Cyprus, Melco said in a statement.
The government has granted a 20-year casino license to a fully-owned subsidiary of Melco in Sri Lanka. Within the resort, Melco will manage a 113-room luxury hotel under its Nuwa brand, while a 687-room Cinnamon hotel will also be operational.
City of Dreams Sri Lanka will be the first integrated resort in Sri Lanka and South Asia, expected to revolutionize luxury hospitality and entertainment in the region. (Newswire)