Belle Corp revenue up 225% in H1

Belle Corp has reported PHP805.5m in revenue for H1.
Belle Corp has reported PHP805.5m in revenue for H1.

Belle Corp has reported that first-half gaming revenue was up 225 per cent year-on-year to PHP805.5m (US$16.1m).

The Philippines.- The tourism and leisure developer Belle Corp, a co-licensee of City of Dreams in Manila, has reported that gaming was up 225 per cent year-on-year for the first half.

According to the company, the growth in gaming revenue came as operations at City of Dreams Manila improved, although it noted there it operates “still with substantial limitations due to the continuing Covid-19 pandemic.”

Belle Corp reported a net income of PHP1.04m, up 243.7 per cent when compared to the first half of 2020. 

For the first quarter of the year, Belle Corp reported gaming revenue fell 3.1 per cent year-on-year to PHP431.1m (US$9m). It reported net income of PHP797.4m, up 76.8 per cent year-on-year. Aggregate revenue was down 8.6 per cent year-on-year to PHP1.30bn.

Manila under restrictions until August 15

As the delta variant of Covid-19 spreads in The Philippines, Manila’s city government has decided to extend the general community quarantine (GCQ) until August 15.

Countermeasures were supposed to end on July 31, but authorities called an emergency meeting to discuss mitigation strategies against the spread of the variant, coordinating with hospitals and the city’s Health Department.

Only those between 18-65 years of age are allowed to leave their place of residence, and only selected businesses are permitted to open.

Although Manila is under GCQ with heightened restrictions, casinos were allowed to resume operating at a reduced capacity in May. City of Dreams Manila is open by invitation only.

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Belle Corp. City of Dreams Manila land-based casino