Melco Announces Exploration of Strategic Alternatives in Relation to City of Dreams Manila

Core Viewpoint - Melco Resorts & Entertainment Limited is evaluating potential strategic alternatives for City of Dreams Manila, with no decisions made yet regarding any specific alternatives [1][3]. Group 1: Company Overview - Melco Resorts & Entertainment Limited is a developer, owner, and operator of integrated resort facilities in Asia and Europe, with operations including Altira Macau, City of Dreams Macau, and City of Dreams Manila [5]. - The company is majority owned by Melco International Development Limited, which is led by Mr. Lawrence Ho, who serves as Chairman, Executive Director, and CEO [6]. Group 2: Strategic Evaluation - Melco has engaged CBRE Capital Advisors, Inc. and Moelis & Company LLC as financial advisors to assist in exploring strategic alternatives for City of Dreams Manila [2]. - The exploration of potential strategic alternatives does not guarantee any transaction will occur, and the company will not provide updates unless further disclosure is deemed appropriate [3].