Melco opens REM at City of Dreams Macau

The opening has also seen a reconfiguration of the gaming floor at City Of Dreams

Melco Resorts & Entertainment has soft-opened the REM hotel, replacing the former Countdown Hotel tower, at its City of Dreams complex in Macau, with a hard opening set to take place in October after Golden Week.

Lawrence Ho, Melco Chairman and Chief Executive Officer, said: “REM marked an important milestone in the continued evolution of City of Dreams, delivering a distinctive new experience for our guests, which we believe is not available anywhere else in Macau. We continue to take steps to operate more efficiently and strengthen our business. REM is unlike anything in Macau. It’s unlike anything in Asia, probably in the world. So it’s a very unique product. It’s a lot of fun. I think it’s a luxury, but then it’s highly differentiated from anything that’s in the market or even at City of Dreams

The opening has also seen a reconfiguration of the gaming floor at City Of Dreams.

“We continue to enhance the gaming experience across our portfolio. We opened a new gaming area with 18 tables at City of Dreams near the Southwest entrance at the end of July,” Ho explained. ‘Its convenient location along the main Cotai Strip with easy accessibility is expected to attract incremental visitation, particularly from walk-in patrons. The benefits of the convenient access to games have been a proven success with our 15-table gaming area near the Grand Hyatt entrance, which we opened in October 2025. We’re also commencing a revamp of the retail areas at City of Dreams in Macau.

“The redesign area will create a seamless loop across the property, introducing a more carefully curated mix of luxury offerings with differentiated elements. The completion of this retail revamp will allow us to deliver the full integrated resort experience at City of Dreams that will be uniquely Melco. Competition remains elevated, resulting in a demanding cost environment. We’re focused on being disciplined as we align our resources with the highest return opportunities and protect the guest experience.”

Melco generated revenues for the second quarter of 2026 of US$1.25bn, a decrease of six per cent from US$1.33bn for the comparable period in 2025, due to softer performance in rolling chip and mass-market table games as well as overall non-gaming operations.

Ho said: “We are confident in the long-term strength of our businesses and our outlook for Macau. Despite near-term headwinds that are reflected in our second quarter results, our priorities continue to be to deepen customer engagement, attract high-quality visitation, and continue investing in our properties to anticipate the changing needs of our guests. Our new hotel, REM, will commence its phased opening in the third quarter of 2026, which, together with our continued efforts to operate more efficiently and strengthen our business, positions us well to capture the demand that has been gaining momentum in Macau.

“Outside of Macau, our diversified portfolio continued to demonstrate resilience and growth potential. In the Philippines, City of Dreams Manila delivered solid year-over-year growth despite the ongoing challenges in the country. In Cyprus, City of Dreams Mediterranean and our satellite casinos rebounded with considerable strength as disruptions in regional travel eased, with Property EBITDA in the second quarter of 2026 growing by 60 per cent year-over-year.”

In Macau, revenues at City of Dreams were US$632.2m, compared with US$710.5m in the second quarter of 2025. Revenues at Studio City were US$371.5m, compared with US$388.2m in the second quarter of 2025, whilst Altira’s revenues were up to US$33.9m, compared with US$28.3m in the second quarter of 2025. Revenues at City of Dreams Manila were US$97.3m, compared with US$98.5m in the second quarter of 2025.

Melco’s City of Dreams Mediterranean and Other’s Adjusted EBITDA was US$19.9m in the second quarter of 2026, compared with US$12.4m in the second quarter of 2025.