Business

John Keells Group Unveils $1.2 Billion Cinnamon Life at City of Dreams in Sri Lanka

  • October 15, 2024

In a monumental move for Sri Lanka’s tourism sector, John Keells Group has officially launched Cinnamon Life at City of Dreams Sri Lanka, a $1.2 billion mega-development in Colombo. Touted as the largest private investment in Sri Lankan history, the project is set to redefine the country’s tourism landscape by creating one of South Asia’s

Read More
Business

Melco Resorts Invests $1 Billion in Colombo’s ‘City of Dreams’ Project

  • July 31, 2024

Melco Resorts and Entertainment is making a significant investment in Colombo with its new $1 billion project, ‘City of Dreams Sri Lanka,’ aiming to tap into the burgeoning Indian tourism market. According to brokerage firm Morgan Stanley, the integrated resort, featuring a casino, could generate around 50% of its EBITDA from gaming operations. The venture,

Read More