{"id":777015561,"date":"2024-05-16T09:30:39","date_gmt":"2024-05-16T12:30:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015561"},"modified":"2026-04-22T10:12:00","modified_gmt":"2026-04-22T13:12:00","slug":"premium-leisure-to-be-delisted-from-philippines-stock-exchange","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/premium-leisure-to-be-delisted-from-philippines-stock-exchange","title":{"rendered":"Premium Leisure\u00a0to\u00a0be delisted from\u00a0Philippines\u00a0Stock Exchange"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Belle Corp has completed a tender offer for outstanding capital stock.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.- <strong>Belle Corp<\/strong> has concluded a tender offer for the voluntary delisting of <strong>Premium Leisure Corp (PLC)<\/strong> from the Philippine Stock Exchange (PSE). It now holds a 99.55 per cent stake in the subsidiary. The tender offer, which closed on May 9, saw Belle Corp purchase slightly over 6.17bn shares at PHP0.85 each, amounting to nearly PHP5.25bn (US$90.7m). PLC will be delisted on July 9.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PLC earns a share of gaming revenue generated at City of Dreams Manila and has a lottery operation via Pacific Online Systems.\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\u00a0full\u00a0year 2023. Net income was PHP2.33bn (US$41.6m), up 85 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belle Corp has completed a tender offer for outstanding capital stock.<\/p>\n","protected":false},"author":176,"featured_media":777013109,"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 successfully completed a tender offer for Premium Leisure Corp (PLC), increasing its stake to 99.55% and facilitating PLC's voluntary delisting from the Philippine Stock Exchange. The acquisition involved purchasing over 6.17 billion shares for approximately PHP5.25 billion (US$90.7 million). This strategic move consolidates Belle Corp's control over PLC's gaming revenue share from City of Dreams Manila and its lottery operations.","focusai_entities":"Belle Corp, Premium Leisure Corp (PLC), Philippine Stock Exchange (PSE), City of Dreams Manila, Pacific Online Systems","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Belle Corp Strategy?","query":"What are the strategic implications for Belle Corp's capital allocation and operational synergies post-consolidation of PLC's gaming and lottery assets, particularly concerning its GGR and NGR contributions from City of Dreams Manila?"},{"label":"Market Impact?","query":"How will the voluntary delisting of Premium Leisure Corp from the Philippine Stock Exchange impact market liquidity, investor access, and the overall transparency of the Philippine gaming vertical for capital market participants?"}],"footnotes":""},"categories":[157,16333],"tags":[23326,24385],"class_list":["post-777015561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-belle-corp","tag-premium-leisure-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015561","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=777015561"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015561\/revisions"}],"predecessor-version":[{"id":777015587,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015561\/revisions\/777015587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777013109"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}