{"id":24026,"date":"2021-10-29T07:52:21","date_gmt":"2021-10-29T10:52:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24026"},"modified":"2026-04-23T14:19:52","modified_gmt":"2026-04-23T17:19:52","slug":"belle-corp-net-income-up-84-for-the-first-nine-months-of-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-net-income-up-84-for-the-first-nine-months-of-2021","title":{"rendered":"Belle Corp net income up 84% for the first nine months of 2021"},"content":{"rendered":"\n<p>Belle Corp has reported net income of PHP693.5m (US$13.8m) for the first nine months of the year, up 84 per cent when compared to 2020.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The tourism and leisure developer\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/belle-corp-revenue-down-3-1-in-q1\">Belle Corp<\/a>, a co-licensee of City of Dreams in Manila, has reported<strong> net income of PHP693.5m (US$13.8m)\u00a0<\/strong>between January to September 2021. However, it has also\u00a0<strong>posted a loss of PHP351.3m compared to profit of PHP72.2m<\/strong>\u00a0in the same period in 2020.<\/p>\n\n\n\n<p>The company attributed the loss to the Covid-19 pandemic and the lack of tourists. <strong>The company&#8217;s share of gaming revenues from City of Dreams Manila increased to PHP967.2m\u00a0<\/strong>from PHP324.8m as casino operations improved after being allowed to reopen with limitations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Metro Manila casinos resume operations at limited capacity<\/h2>\n\n\n\n<p>Although President Duterte\u2019s spokesperson Harry Roque said&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/manila-casinos-to-remain-closed-despite-easing-of-countermeasures\" rel=\"noreferrer noopener\">casino venues will not reopen<\/a>&nbsp;during Manila\u2019s transition to Level 3 of Covid-19 restrictions, some casinos have now<strong>&nbsp;resumed operations<\/strong>.<\/p>\n\n\n\n<p>According to local media reports, the casino operators have received authorisation from the<strong>&nbsp;Inter-Agency Task Force<\/strong>. City of Dreams Manila said&nbsp;<strong>its casino venue is operating at 75 per cent capacity<\/strong>&nbsp;and vaccination is not necessary for customers. It has also increased dining capacities in restaurants and reopened other facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belle Corp has reported net income of PHP693.5m (US$13.8m) for the first nine months of the year, up 84 per cent when compared to 2020.<\/p>\n","protected":false},"author":176,"featured_media":11170,"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 reported a net income of PHP693.5m (US$13.8m) for the first nine months of 2021, an 84% increase year-on-year, primarily driven by a significant rise in gaming revenues from City of Dreams Manila as casino operations resumed. Despite this recovery, the company acknowledged a period of loss attributed to the Covid-19 pandemic and reduced tourism. Metro Manila casinos, including City of Dreams, have reopened at limited capacities, with City of Dreams Manila operating at 75% capacity without a vaccination requirement for customers.","focusai_entities":"Belle Corp, City of Dreams Manila, President Duterte, Harry Roque, Inter-Agency Task Force","focusai_location":"Philippines, Manila, Metro Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Belle Corp Q4 Outlook","query":"Given the reported 9M 2021 net income and the operational context, what is Belle Corp's projected EBITDA and NGR contribution from City of Dreams Manila for Q4 2021, considering the current capacity limitations and evolving regulatory landscape?"},{"label":"Regulatory Capacity Impact","query":"How do the current 75% operational capacity limits and the absence of a vaccination requirement for customers at City of Dreams Manila impact its competitive positioning and GGR projections compared to other integrated resorts in the Metro Manila region?"}],"footnotes":""},"categories":[163,16333],"tags":[19841],"class_list":["post-24026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-city-of-dreams-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24026","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=24026"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24026\/revisions"}],"predecessor-version":[{"id":24061,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24026\/revisions\/24061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11170"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}