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Melco’s casino profit falls 42%
Manila Bulletin
|February 14, 2026
Melco Resorts & Entertainment Ltd. reported a sharp decline in profit for City of Dreams Manila in the fourth quarter on the back of cooling period for the local gaming sector as it grapples with heightened competition and shifting market dynamics.
Total operating revenues at Merlco’s Manila property slumped 25 percent to 5.61 billion for the quarter ending Dec. 31, down from P7.49 billion in the same period a year earlier.
The decline in the top line trickled down to Melco’s earnings, with adjusted property earnings before interest, taxes, depreciation, and amortization (EBITDA) plunging 42 percent to 1.85 billion pesos. Melco
Chairman and Chief Executive Officer Lawrence Ho attributed the weakness to “competitive pressures” that have begun to squeeze margins across Metro Manila’s gambling hub.
This story is from the February 14, 2026 edition of Manila Bulletin.
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