{"id":28161,"date":"2022-03-17T06:43:16","date_gmt":"2022-03-17T09:43:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28161"},"modified":"2026-04-23T10:27:41","modified_gmt":"2026-04-23T13:27:41","slug":"belle-corp-posts-us24-9m-in-revenue-for-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-posts-us24-9m-in-revenue-for-2021","title":{"rendered":"Belle Corp posts US$24.9m in revenue for 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Belle Corp has reported that full-year 2021 revenue was up 104.7 per cent year-on-year to PHP1.30bn (US$24.9m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.- The tourism and leisure developer\u00a0Belle Corp, a co-licensee of City of Dreams in Manila, has reported that its revenue grew from PHP635.2m in 2020 to PHP1.30bn (US$24.9m) in 2021. The company attributed<strong>\u00a0the increase to improved operations at City of Dreams Manila<\/strong> despite Covid-19 restrictions and countermeasures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some PHP807.9m of Belle Corp&#8217;s 2021 real estate revenue came from leasing the land and buildings of City of Dreams Manila to Melco Resorts\u2019 Philippines unit. This was a 69.7 per cent drop from the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gaming revenue as a percentage of group revenue increased from 15.2 per cent in 2020 to 38 per cent.\u00a0<strong>Overall group revenue for the full year 2021 was PHP3.42bn<\/strong>, a decrease of 18 per cent corresponding to the previous year. Group total net income fell 16.4 per cent year-on-year to PHP745.2m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">City of Dreams returned to operate at full capacity this month after authorities placed <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/manila-to-ease-covid-19-restrictions-from-tomorrow\" target=\"_blank\">Manila under the lowest level of Covid-19 countermeasures<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belle Corp has reported that full-year 2021 revenue was up 104.7 per cent year-on-year to PHP1.30bn (US$24.9m).<\/p>\n","protected":false},"author":176,"featured_media":0,"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 104.7% year-on-year revenue increase to PHP1.30bn for 2021, primarily from improved operations at City of Dreams Manila, where it serves as a co-licensee. Despite this operational uplift, overall group revenue declined 18% to PHP3.42bn, and net income fell 16.4% to PHP745.2m, largely due to a 69.7% reduction in real estate leasing revenue from the integrated resort. The gaming vertical's contribution to group revenue notably increased to 38%.","focusai_entities":"Belle Corp, City of Dreams Manila, Melco Resorts","focusai_location":"Philippines, 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 (0.9)","focusai_suggestions":[{"label":"Belle Corp's Gaming Strategy","query":"What is Belle Corp's long-term strategy for increasing its direct gaming revenue contribution relative to its real estate leasing income from City of Dreams Manila, particularly given the significant drop in the latter?"},{"label":"Market Recovery Outlook","query":"How does the full operational capacity of City of Dreams Manila, combined with the reported financial performance, position Belle Corp for sustained growth in the Philippine integrated resort market in 2022 and beyond, especially concerning GGR and NGR projections?"}],"footnotes":""},"categories":[157,16333],"tags":[23326,19841],"class_list":["post-28161","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-belle-corp","tag-city-of-dreams-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28161","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=28161"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28161\/revisions"}],"predecessor-version":[{"id":28186,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28161\/revisions\/28186"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}