{"id":777025974,"date":"2025-05-02T09:57:39","date_gmt":"2025-05-02T12:57:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025974"},"modified":"2026-04-21T23:23:34","modified_gmt":"2026-04-22T02:23:34","slug":"belle-corp-expects-to-receive-licence-for-second-philippine-resort-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-corp-expects-to-receive-licence-for-second-philippine-resort-this-year","title":{"rendered":"Belle Corp expects to receive licence for second Philippine resort this year"},"content":{"rendered":"\n

The company plans to develop an integrated resort in Clark, Pampanga.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Belle Corp<\/strong> is hoping to secure a gaming licence from the Philippine Amusement and Gaming Corporation (PAGCOR) this year for a new integrated resort in Clark, Pampanga. The company reported that its unit Premium Leisure Corp (PLC) had requested a licence<\/a> last July.<\/p>\n\n\n\n

Armin Raquel Santos<\/strong>, president and chief executive of Belle Corp, told that the company has already received a letter of no objection, a requirement for the licensing process. The decision now rests with PAGCOR. He said Belle expects the Clark complex \u201cto be a new source of growth and stability in the years to come\u201d.<\/p>\n\n\n\n

If Belle secures the licence, it will choose an operator for the planned hotel and casino. Willy Ocier, Belle’s chairman, said the project would require an estimated investment of between US$200m and US$300m, and that construction would take about two years. Ocier said the resort would be smaller than City of Dreams Manila, the IR opened in 2015 and leased to Melco Resorts and Entertainment.<\/p>\n\n\n\n

For the first quarter of the year, Belle Corp. reported that casino revenue was up 7.8 per cent year-on-year to PHP432.6m (US$7.7m) in the first quarter.\u00a0The 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>","protected":false},"excerpt":{"rendered":"

The company plans to develop an integrated resort in Clark, Pampanga.<\/p>\n","protected":false},"author":176,"featured_media":17058,"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, through its unit Premium Leisure Corp (PLC), is actively pursuing a gaming license from PAGCOR for a new integrated resort in Clark, Pampanga, having already secured a letter of no objection. The project, estimated at US$200m-US$300m, is expected to take two years to construct and will require Belle Corp to select an operating partner upon license approval. This strategic expansion aims to diversify Belle Corp's revenue streams beyond its existing lease income from City of Dreams Manila.","focusai_entities":"Belle Corp, Premium Leisure Corp, PAGCOR, Armin Raquel Santos, Willy Ocier, Melco Resorts and Entertainment, Pacific Online Systems Corp, Philippine Charity Sweepstakes Office","focusai_location":"Philippines, Clark, Pampanga, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAGCOR License Timeline?","query":"What is PAGCOR's projected timeline for rendering a decision on Belle Corp's gaming license application for the Clark IR, and what are the remaining regulatory hurdles?"},{"label":"IR Financial Impact?","query":"How will the proposed Clark IR's projected GGR and NGR contribute to Belle Corp's overall financial performance, particularly in comparison to City of Dreams Manila's lease income, and what is the anticipated ROI?"}],"footnotes":""},"categories":[28,24628,16333],"tags":[23326,19841,405],"class_list":["post-777025974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-highlight-of-the-week","category-south-east-asia-news","tag-belle-corp","tag-city-of-dreams-manila","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025974","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=777025974"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025974\/revisions"}],"predecessor-version":[{"id":777025978,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025974\/revisions\/777025978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17058"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}