City of Dreams Manila Opens Virtual Reality Zone

Melco Resorts and Entertainment (Philippines) Corp, has been a major investor in the City of Dreams property in Manila. They recently made a commitment to the casino market in the Philippines and revealed that the resort opened the doors of a virtual reality gaming zone last Sunday. The company took this decision even though one of its main investors had expressed their desire for the former to buy its public stock back and withdraw its name from Philippines’ bourse.

 

The aforementioned virtual reality gaming technology that was recently launched at the City of Dreams had been brought into the country by a Japan-based tech giant Bandai Namco Amusement Inc. According to a press release that was filed with the Philippine Stock Exchange, the gaming zone would cover a sizeable 2,714 square meters on the casino resort facility’s upper ground floor, will have a seating capacity of around 563 people, and will offer a range of food and drink outlets in a dedicated food park.

 

The chief operating officer at City of Dreams Manila, in an interview with the local press, had remarked that this gaming facility would be a ‘first of its kind’ in the entire country. One of the most popular games that would be offered at this facility is the Mario Kart Arcade GP VR that is based on the iconic gaming characters the Super Mario Bros that had been developed by the Japan-based entertainment biggie Nintendo and licensed from the company by Bandai Namco.

 

The general manager at Bandai Namco, Kunihisa Yagisita, revealed in an interview with the press that the venue was going to be the company’s first ever virtual reality entertainment outlet in the whole of Southeast Asia.

 

The operator of the City of Dreams in the Manila casino resort, Melco Resorts and Entertainment, Philippines, recently filed a public statement in which it pledged its commitment to the country’s casino industry. The statement came in the wake of the official queries that were being made by the country’s stock exchange regarding the projected delisting of its stocks by its primary investor MCO Philippines Investments Ltd.

 

The MCO Philippines Investments Ltd, which is also a unit of the Melco resorts, Philippines, had made an announcement last month that it intended to offer 1.57 billion shares that were held by the public at a tender offer price of around PHP7.25 a share.