{"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

Shareholder meeting was set to take place on April 27 but has been postponed indefinitely.<\/p>\n\n\n\n\n\n\n\n

Philippines.- Gaming investor Belle Corp<\/strong><\/em> has announced the suspension of its annual shareholder’s meeting until further notice. <\/p>\n\n\n\n

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

“Due to the ongoing Covid-19 pandemic, and after carefully weighing all aspects, the board of directors has approved the indefinite postponement of the company\u2019s annual stockholders\u2019 meeting,” Belle Corp said in a filing to the Philippine Stock Exchange.<\/p>\n\n\n\n

“Appropriate disclosures to the exchange shall be made as soon as the board of directors has approved the new schedule which will be after the situation has normalised after the enhanced community quarantine shall have been lifted,” the company added.<\/p>\n\n\n\n

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

Belle Corp saw full-year 2019 consolidated profit drop 9 per cent in year-on-year terms: it reached profits PHP2.92billion (\u20ac52.7million), compared to PHP3.23billion (\u20ac58million) in 2018.<\/p>\n\n\n\n

The 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":"

Shareholder meeting was set to take place on April 27 but has been postponed indefinitely.<\/p>\n","protected":false},"author":2,"featured_media":2927,"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","has-post-thumbnail","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:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2927"}],"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}]}}