Business

Cinnamon Life Opens: Colombo’s New Landmark Designed by Cecil Balmond

  • October 16, 2024

Cinnamon Life, the latest lifestyle venture by John Keells, officially opened in Colombo yesterday, marking a significant moment for the city. Designed by world-renowned Sri Lankan-born architect Cecil Balmond, the $1.2 billion integrated resort is set to position Colombo as a major global hub for business, leisure, and entertainment. The sprawling five million square foot

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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,

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