MELCO Crown (Philippines) Resorts Corp., owner and operator of City of Dreams Manila, posted a wider net loss of P4.9 billion in the first half of the year, attributed to taxes, fees and expenses related to the continuous improvement of the resort and casino complex.

The net loss in the first six months was more than double the P2.4 billion net loss recorded in the same period last year, according to a financial report posted on the Philippine Stock Exchange website.

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