Belle Corp of the Philippines, the parent company of Premium Leisure Corp, an investor in the City of Dreams Manila casino resort, says it will pay a cash dividend of PHP0.12 a share on March 28 to shareholders on record on March 14.
Belle Corp told the Philippine Securities and Exchange Commission on Thursday that the dividend payment would amount to about PHP1.2 billion (US$23.2 million).
Belle Corp owns 78.7 percent of Premium Leisure. The latter company told the Philippine Stock Exchange last Friday that it would pay a cash dividend of PHP0.05024 a share on March 22 to shareholders on record on March 8. The dividend is 14.4 percent more than it paid a year ago.
The Premium Leisure dividend payment will amount to about PHP1.59 billion.
Operator of Asian casinos Melco Resorts and Entertainment Ltd runs the City of Dreams Manila.
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”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China