{"id":777025866,"date":"2025-04-29T09:08:02","date_gmt":"2025-04-29T12:08:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025866"},"modified":"2026-04-21T23:27:22","modified_gmt":"2026-04-22T02:27:22","slug":"belle-corp-casino-revenue-rises-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-casino-revenue-rises-in-q1","title":{"rendered":"Belle Corp casino revenue rises in Q1"},"content":{"rendered":"\n

The company’s casino revenue from its share of gaming at City of Dreams Manila rose by 7.8 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The tourism and leisure developer Belle Corp<\/strong>, a co-licensee of City of Dreams<\/strong> in Manila, has reported that casino revenue was up 7.8 per cent year-on-year to PHP432.6m (US$7.7m) in the first quarter. <\/p>\n\n\n\n

The company\u2019s aggregate net income was up 5.2 per cent year-on-year to PHP462.4m (US$8.22m). Total revenue was down 1.5 per cent year-on-year to PHP1.30bn (US$23.14m).<\/p>\n\n\n\n

Revenue from the lottery services arm, Pacific Online Systems Corp (POSC)<\/strong>, which leases online betting equipment to the Philippine Charity Sweepstakes Office<\/a>, posted revenue of PHP129.5m (US$2.31m), flat in year-on-year terms. Belle, via Premium Leisure Corp. (PLC), controls 50.1 per cent of POSC.<\/p>\n\n\n\n

Income from real estate activities decreased by 6 per cent to PHP739.7m (US$13.17m). Of this amount, PHP588m (US$10.47m) came from leasing land and buildings at City of Dreams Manila to the Philippine unit of Melco Resorts.<\/p>\n\n\n

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

In March, Belle Corp. announced through a company filing<\/a> 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 \u201cmost logical buyer\u201d 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 \u201cif the price were right\u201d. However Belle Corp said in a statement: \u201cPlease 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.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The company’s casino revenue from its share of gaming at City of Dreams Manila rose by 7.8 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":17907,"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 reported a 7.8% year-on-year increase in casino revenue from its share in City of Dreams Manila for Q1, alongside a 5.2% rise in aggregate net income, despite a slight decline in total revenue. The company also issued a formal statement denying immediate intentions to acquire Melco Resorts & Entertainment's interests in City of Dreams Manila, addressing recent M&A speculation.","focusai_entities":"Belle Corp, Pacific Online Systems Corp, Philippine Charity Sweepstakes Office, Premium Leisure Corp., Melco Resorts, Melco Resorts & Entertainment, Philippine Daily Inquirer","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 Revenue Drivers?","query":"Beyond the casino segment, what specific operational efficiencies or market conditions contributed to Belle Corp's aggregate net income growth despite a decline in total revenue and real estate income?"},{"label":"Melco's Strategic Intent?","query":"In light of Belle Corp's definitive statement, what is the current market perception regarding Melco Resorts & Entertainment's strategic intent for its City of Dreams Manila assets, and what are the potential implications for its regional portfolio?"}],"footnotes":""},"categories":[163,16333],"tags":[23326,19841,128],"class_list":["post-777025866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-belle-corp","tag-city-of-dreams-manila","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025866","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=777025866"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025866\/revisions"}],"predecessor-version":[{"id":777025894,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025866\/revisions\/777025894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17907"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}