{"id":777041486,"date":"2026-04-28T00:33:15","date_gmt":"2026-04-28T03:33:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777041486"},"modified":"2026-05-21T12:03:49","modified_gmt":"2026-05-21T15:03:49","slug":"belle-q1-profit-rises-13-on-city-of-dreams-manila-performance","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/belle-q1-profit-rises-13-on-city-of-dreams-manila-performance","title":{"rendered":"Belle Q1 profit rises on City of Dreams Manila performance"},"content":{"rendered":"\n
City of Dreams Manila operates under a partnership between Belle and Melco Resorts & Entertainment Limited.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The gaming property developer Belle Corporation<\/strong> has reported that consolidated net income rose 13 per cent year on year to Php524m (US$8.60m) for the three months ended March 31. Total revenues increased 9 per cent year on year to Php1.42bn (US$23.29m).<\/p>\n\n\n\n The main driver was City of Dreams Manila<\/strong>, the integrated resort in Para\u00f1aque operated by Melco Resorts & Entertainment<\/strong>. Through subsidiary Premium Leisure Corp. (PLC)<\/strong>, Belle\u2019s gaming revenue share rose 12 per cent year on year to Php486m (US$7.97m). Lease income from the land and building of the resort remained steady at Php588m (US$9.64m).<\/p>\n\n\n\n Beyond its gaming-linked income, Belle\u2019s Tagaytay Highlands<\/strong> real estate operations recorded revenue of Php143m (US$2.35m), up 57 per cent from Php91m (US$1.49m) a year earlier. Distribution utility revenues increased 18 per cent to Php72m (US$1.18m). Pacific Online Systems Corporation<\/strong>, which is 50.1 per cent owned by PLC, reported stable revenues of Php129m (US$2.12m) for the quarter.<\/p>\n\n\n