Having previously spent more than four years in Macau as SVP of Resort Operations for Wynn, Tim Kelly returned to the world’s land-based gaming hub in mid-2024 tasked with helping address the underperformance of Melco’s flagship City of Dreams.
And it’s been a pretty solid start. The company has beat revenue forecasts for two straight quarters on an uptick in revenues that has largely been driven by Kelly’s City of Dreams, which in the June quarter alone reported a 21% year-on-year increase to US$779 million.
It had been rumored prior to Kelly’s arrival that previous property management had been reluctant to invest back into the IR, so it was also noteworthy to learn in August that Melco will finally resume renovation works on the old Countdown Hotel, which will become an all-suite offering that should further boost earnings.
Kelly began his integrated resort career at MGM Grand in Las Vegas prior to his stint at Wynn. He then joined Kerzner International where he spent six years overseeing Atlantis Dubai and was in 2023 promoted to President of Atlantis for Kerzner International, which placed him in charge of Atlantis resorts in Dubai and Sanya, China. That puts large-scale resorts right in his wheelhouse.
