{"id":777013865,"date":"2024-03-12T08:23:22","date_gmt":"2024-03-12T11:23:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013865"},"modified":"2026-04-22T12:08:12","modified_gmt":"2026-04-22T15:08:12","slug":"belle-corp-to-delist-premium-leisure-from-philippine-stock-exchange","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-to-delist-premium-leisure-from-philippine-stock-exchange","title":{"rendered":"Belle Corp to delist Premium Leisure from Philippine Stock Exchange"},"content":{"rendered":"\n<p>Belle Corp has initiated a tender offer for outstanding shares.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-<strong> Belle Corp<\/strong> has plans to conduct a tender offer for all outstanding common shares of its gaming unit, <strong>Premium Leisure<\/strong> and to apply for voluntary delisting from the main board of the Philippine Stock Exchange.<\/p>\n\n\n\n<p>The decision has been approved by Belle Corp&#8217;s board of directors but is contingent on several factors, including a valuation study on Premium Leisure&#8217;s shares and the issuance of a fairness opinion by an independent third party. It has engaged First Metro Investment for the latter. The tender offer price, timing, and other terms and conditions will be determined upon receipt of the report.<\/p>\n\n\n\n<p>Premium Leisure&#8217;s board of directors has approved the <strong>voluntary delisting of its shares from the Philippine Stock Exchange<\/strong>, subject to the successful tender offer by Belle Corp and compliance with the exchange&#8217;s requirements.<\/p>\n\n\n\n<p>Premium Leisure is mainly known for its investments in City of Dreams Manila. It earns a share of gaming revenue generated at City of Dreams Manila and has a lottery operation via Pacific Online Systems. The company has recently reported that\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/premium-leisure-corp-revenue-up-41-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">revenue was up 41 per cent year-on-year to PHP2.33bn (US$41.6m)<\/a>\u00a0for full year 2023. Net income was PHP2.33bn (US$41.6m), up 85 per cent.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belle Corp has initiated a tender offer for outstanding shares.<\/p>\n","protected":false},"author":176,"featured_media":8589,"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 has initiated a tender offer for all outstanding common shares of its gaming unit, Premium Leisure, with the intent to delist it from the Philippine Stock Exchange. This strategic move, contingent on a valuation study and fairness opinion, aims to consolidate Belle Corp's control over Premium Leisure's investments in City of Dreams Manila and its lottery operations via Pacific Online Systems.","focusai_entities":"Belle Corp, Premium Leisure, First Metro Investment, Philippine Stock Exchange, Pacific Online Systems, City of Dreams Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Valuation Methodology","query":"What specific valuation methodologies will First Metro Investment employ to determine the fairness opinion for Premium Leisure's shares, considering its asset-light model and revenue share from City of Dreams Manila?"},{"label":"Post-Delisting Strategy","query":"Following the successful tender offer and delisting, what are Belle Corp's strategic objectives for Premium Leisure, particularly regarding its investment in City of Dreams Manila and the future of Pacific Online Systems?"}],"footnotes":""},"categories":[157,16333],"tags":[23326,23907],"class_list":["post-777013865","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\/777013865","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=777013865"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013865\/revisions"}],"predecessor-version":[{"id":777013893,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013865\/revisions\/777013893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8589"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}