{"id":17906,"date":"2021-05-14T15:25:27","date_gmt":"2021-05-14T15:25:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17906"},"modified":"2026-04-23T19:33:19","modified_gmt":"2026-04-23T22:33:19","slug":"belle-corp-revenue-down-3-1-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-revenue-down-3-1-in-q1","title":{"rendered":"Belle Corp revenue down 3.1% in Q1"},"content":{"rendered":"\n<p>Belle Corp has reported that first quarter gaming revenue fell 3.1 per cent year-on-year to PHP431.1m (US$9m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The tourism and leisure developer\u00a0<strong>Belle Corp<\/strong>, a co-licensee of City of Dreams in Manila, has reported that gaming\u00a0<strong>revenue was down 3.1 per cent\u00a0<\/strong>year-on-year for the first quarter of 2021.<\/p>\n\n\n\n<p>Belle Corp said revenues had declined due to<strong>\u00a0Covid-19 countermeasures<\/strong>.<\/p>\n\n\n\n<p>The company reported <strong>net income of PHP797.4m, up 76.8 per cent year-on-year<\/strong>. Aggregate revenue was down 8.6 per cent year-on-year to PHP1.30bn.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/metro-manila-casinos-to-remain-closed-until-at-least-may-14\">Casinos in Metro Manila<\/a>\u00a0were <strong>operating at 30 per cent capacity<\/strong>\u00a0but have been<strong>\u00a0closed since March<\/strong>.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/belle-corp-net-income-drops-70-in-2020\">Belle Corp<\/a>\u00a0reported in April that\u00a0<strong>gaming revenue for 2020 fell 79 per cent year-on-year to PHP635.2m (US$13.2m)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belle Corp has reported that first quarter gaming revenue fell 3.1 per cent year-on-year to PHP431.1m (US$9m).<\/p>\n","protected":false},"author":176,"featured_media":17907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Belle Corp, a co-licensee of City of Dreams Manila, reported a 3.1% year-on-year decline in Q1 2021 gaming revenue to PHP431.1m, primarily attributed to COVID-19 countermeasures and operational restrictions. Despite this, the company achieved a significant 76.8% increase in net income to PHP797.4m, even as aggregate revenue fell 8.6%. The ongoing casino closures in Metro Manila since March underscore persistent operational challenges.","focusai_entities":"Belle Corp, City of Dreams","focusai_location":"Philippines, Manila, Metro Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Net Income Resilience","query":"What specific cost management strategies or non-gaming revenue streams contributed to Belle Corp's substantial net income growth despite declining gaming and aggregate revenues?"},{"label":"Operational Outlook","query":"Given the ongoing casino closures in Metro Manila, what is Belle Corp's projected operational capacity and GGR recovery timeline for H2 2021, and what regulatory support mechanisms are anticipated?"}],"footnotes":""},"categories":[157,16333],"tags":[23326,23907],"class_list":["post-17906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-belle-corp","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17906"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17906\/revisions"}],"predecessor-version":[{"id":17918,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17906\/revisions\/17918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17907"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}