{"id":777023583,"date":"2025-03-03T10:21:04","date_gmt":"2025-03-03T13:21:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023583"},"modified":"2026-04-22T01:15:49","modified_gmt":"2026-04-22T04:15:49","slug":"belle-corp-denies-plan-to-acquire-melcos-stake-in-city-of-dreams-manila","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-denies-plan-to-acquire-melcos-stake-in-city-of-dreams-manila","title":{"rendered":"Belle Corp denies plan to acquire Melco’s stake in City of Dreams Manila"},"content":{"rendered":"\n

The company says it has no plans to buy out Melco\u2019s interests in the resort.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Belle Corp.<\/strong>\u00a0has announced through a company filing that it has no intention to acquire Melco Resorts & Entertainment\u2019s interests in City of Dreams (COD) Manila in the near future. The company issued the statement after an article in the Philippine Daily Inquirer suggested that Belle Corp would be the “most logical buyer” of City of Dreams if Melco chose to leave the deal under which it operates the gaming area of the integrated resort. <\/p>\n\n\n\n

The article cited unnamed sources saying that Belle would be interested “if the price were right”. However Belle Corp said in a statement: “Please be advised that while Belle is not in a position to confirm the accuracy of the statements about a possible exit of Melco from the Philippines, it can confirm that any buy-out of Melco\u2019s interests in COD Manila is not part of Belle\u2019s plans for the immediate future.”<\/p>\n\n\n\n

Melco issued a statement on Friday (February 28, saying that it was evaluating potential strategic alternatives <\/strong>for COD Manila<\/a>. The company said it had retained CBRE Capital Advisors and Moelis & Company as financial advisors to assist in the process of exploring potential strategic alternatives.<\/p>\n\n\n

\n
\"Photo
City of Dreams Manila.<\/figcaption><\/figure>\n<\/div>\n\n\n

The statement reads: \u201cNo decision has been made regarding any strategic alternative and there can be no assurance that the exploration of potential strategic alternatives will result in any transaction. Melco does not intend to comment on or provide updates in relation to this process unless and until it determines that further disclosure is appropriate or required.\u201d<\/p>\n\n\n\n

In January, Armin Raquel Santos<\/strong>, president and CEO of Belle Corp, said that he was optimistic about the company\u2019s growth prospects<\/a>, and the Philippine gaming market. He said he\u00a0saw Clark, Pampanga, as the next gaming and tourism hub in the country and added that Belle continues to explore ventures and high-growth opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company says it has no plans to buy out Melco\u2019s interests in the resort.<\/p>\n","protected":false},"author":176,"featured_media":777011925,"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 publicly denied intentions to acquire Melco Resorts & Entertainment's stake in City of Dreams Manila, despite market speculation. This comes as Melco confirms it is evaluating potential strategic alternatives for its interests in the integrated resort, engaging financial advisors CBRE Capital Advisors and Moelis & Company for the process.","focusai_entities":"Belle Corp., Melco Resorts & Entertainment, City of Dreams Manila, Philippine Daily Inquirer, CBRE Capital Advisors, Moelis & Company, Armin Raquel Santos","focusai_location":"Philippines, Manila, Clark, Pampanga","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco's Strategic Rationale","query":"What specific market conditions or corporate strategic shifts are driving Melco Resorts & Entertainment's evaluation of \"strategic alternatives\" for City of Dreams Manila, and what are the potential implications for its broader regional portfolio?"},{"label":"Belle Corp. Growth Strategy","query":"Given Belle Corp.'s denial of a Melco buyout and its CEO's optimism for the Philippine gaming market, what are its specific organic growth strategies and target verticals, particularly concerning its focus on Clark, Pampanga?"}],"footnotes":""},"categories":[157,16333],"tags":[23326,23970],"class_list":["post-777023583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-belle-corp","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023583","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=777023583"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023583\/revisions"}],"predecessor-version":[{"id":777023586,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023583\/revisions\/777023586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011925"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}