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City of Dreams to open theme park

Posted on May 22, 2014 11:13:49 PM [ BusinessWorld Online ]

CASINO OPERATOR Melco Crown (Philippines) Resorts Corp. will be opening an indoor theme park, through a tie-up with DreamWorks Animation SKG, at its City of Dreams Manila within the second half of the year.

The company announced yesterday a plan to open “DreamPlay,” an interactive play area that will feature educative and entertainment activities for children. It is being designed by DreamWorks Animation SKG -- the animation studio that created the films Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.

Within a 2,000- to 3,000-square-meter high-ceiling indoor park, children can interact digitally with the animated characters in those DreamWorks films, Willy N. Ocier, vice-chairman of Belle Corp., told reporters separately on the sidelines of the World Economic Forum meeting on East Asia in Manila.

When asked about the opening date of DreamPlay and City of Dreams, Mr. Ocier said: “October. I don’t know kung definite na, finu-feng shui pa ’yun eh (I don’t know if that’s a definite date as we’re still consulting with feng shui).”

The $1.3-billion City of Dreams Manila is a joint venture of Melco Crown and SM Group's Belle Corp. It will have a casino, high-end restaurants, and three luxury hotels, including a 260-room Crown Towers Hotel and a two-tower, 321-room Nobu Hotel. The third one, which was reported to be the biggest, is yet to be announced.

City of Dreams is also among the four integrated resorts being developed at Bagong Nayong Pilipino of Philippine Amusement and Gaming Corp. in ParaƱaque City.

Melco shares yesterday gained 1.39% or P 0.18 to P13.10 each. -- Daphne J. Magturo with K. N. M. Lazo         
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