The City of Dreams Sri Lanka casino resort recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of nearly LKR1.44 billion (US$4.6 million) for the three months to December 31. That is according to information published this week by John Keells Group Plc, the real-estate developer partner in the complex. Global casino operator Melco Resorts & Entertainment Ltd was awarded a licence to run the gaming venue at City of Dreams Sri Lanka, valid for a “term of 20 years effective from 1 April 2024”, according to previous information from the casino group. City of Dreams Sri Lanka (pictured), in the capital Colombo, has been described as a US$1.2-billion venture. He added: “City of Dreams Sri Lanka recorded positive EBITDA for the first time since commencing operations, with EBITDA of LKR1.43 billion, which includes fair value gains on investment property amounting to LKR606 million.”EBITDA for the prior-year period was negative to the tune of LKR1.57 billion, and did not include fair value gains on investment property, according to the quarterly report.