Belle Corp records 13.4% quarterly rise in City of Dreams Manila gaming income
The casino’s contribution helped drive Belle’s consolidated revenue to PHP4.32bn (US$67.7m) in the first nine months of 2026.
The Philippines.- Philippine property and leisure group Belle Corporation generated PHP530m (US$8.3m) in gaming revenue share from City of Dreams Manila in the third quarter of 2026. That’s a rise of 13.4 per cent quarter-on-quarter but down 2.8 per cent from the PHP545.3m (US$8.5m) recorded in the same period of 2025.
The figures were included in Belle’s unaudited third-quarter financial results filed with the Philippine Stock Exchange (PSE) on October 29. The company receives the gaming revenue share through its subsidiary, Premium Leisure Corporation (PLC), under an arrangement with City of Dreams Manila operator Melco Resorts & Entertainment.
For the nine months ended September 30, Belle’s gaming revenue share from the casino totalled PHP1.48bn (US$23.2m), up 12.5 per cent from PHP1.32bn (US$20.7m) in the same period last year.
Beyond its gaming revenue arrangement, Belle also earns rental income from Melco’s Philippine subsidiary under a lease covering the integrated resort’s property. The lease generated PHP591.7m (US$9.3m) in the third quarter, compared with PHP587.8m (US$9.2m) in the same period of 2025. For the first nine months of 2026, rental income totalled PHP1.77bn (US$27.7m), broadly unchanged from PHP1.76bn (US$27.6m) a year earlier.
At the group level, Belle recorded consolidated revenue of PHP4.32bn (US$67.7m) in the first nine months of 2026, up 11.3 per cent year-on-year. Net income increased 25.7 per cent to PHP1.66bn (US$26m) from PHP1.32bn (US$20.7m). The company attributed the improvement in its bottom line to higher revenue and lower financing costs. Interest expenses and other financing charges fell 29.9 per cent to PHP358m (US$5.6m) during the reporting period.
