{"id":5579,"date":"2020-04-14T09:56:28","date_gmt":"2020-04-14T09:56:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5579"},"modified":"2026-04-24T06:08:57","modified_gmt":"2026-04-24T09:08:57","slug":"gaming-investor-belle-corp","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gaming-investor-belle-corp","title":{"rendered":"Belle Corp postpones meeting due to Coronavirus"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Shareholder meeting was set to take place on April 27 but has been postponed indefinitely.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Philippines.- Gaming investor <em><strong>Belle Corp<\/strong><\/em> has announced the suspension of its annual shareholder&#8217;s meeting until further notice. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The meeting was set to take place on April 27, but has been cancelled due to the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Due to the ongoing&nbsp;Covid-19&nbsp;pandemic, and after carefully weighing all aspects, the&nbsp;board of&nbsp;directors has approved the indefinite postponement of the company\u2019s annual stockholders\u2019 meeting,&#8221; Belle Corp said in a filing to the Philippine Stock Exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Appropriate disclosures to the&nbsp;exchange shall be made as soon as the&nbsp;board of&nbsp;directors has approved the new schedule which will be after the situation has normalised after the enhanced community quarantine shall have been lifted,&#8221; the company added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Belle Corp is entitled to a share of gaming revenues at City of Dreams Manila, a casino complex in the Philippines capital operated by a subsidiary  of international casino developer, Melco Resorts and Entertainment Ltd.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Belle&nbsp;Corp&nbsp;saw full-year 2019 consolidated profit&nbsp;drop 9 per cent&nbsp;in year-on-year terms: it reached profits PHP2.92billion (\u20ac52.7million), compared to PHP3.23billion (\u20ac58million) in 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <em><strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/philippines-govt-quarantine-gaming\">Philippines government recently extended the lockdown<\/a><\/strong><\/em> in the main island of the country, Luzon, until April 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholder meeting was set to take place on April 27 but has been postponed indefinitely.<\/p>\n","protected":false},"author":2,"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":"Gaming investor Belle Corp has indefinitely postponed its annual shareholder meeting, originally scheduled for April 27, citing the ongoing Covid-19 pandemic and the extended community quarantine in Luzon. This delay impacts corporate governance and financial transparency, particularly as the company reported a 9% drop in 2019 consolidated profit. Belle Corp holds a revenue share in City of Dreams Manila, operated by a subsidiary of Melco Resorts and Entertainment Ltd.","focusai_entities":"Belle Corp, Melco Resorts and Entertainment Ltd., Philippine Stock Exchange, City of Dreams Manila","focusai_location":"Philippines, Manila, Luzon","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.8), supplier_vendor (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AGM Impact on Governance","query":"What are the specific implications of Belle Corp's indefinite AGM postponement on its corporate governance framework and shareholder transparency, particularly concerning the disclosure of Q1 2020 financial performance?"},{"label":"Financial Outlook & Strategy","query":"How will the extended lockdown in Luzon and the reported 9% profit drop for 2019 influence Belle Corp's capital allocation strategy and its revenue share projections from City of Dreams Manila for the current fiscal year?"}],"footnotes":""},"categories":[160,157,16333],"tags":[512,128],"class_list":["post-5579","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-south-east-asia-news","tag-gaming","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5579","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5579"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5579\/revisions"}],"predecessor-version":[{"id":777014030,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5579\/revisions\/777014030"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}