Belle Corp’s gaming revenue generated from its share of the casino business at City of Dreams (CoD) Manila rose 12.3 percent year-on-year in the first quarter of 2026, reaching PHP485.7 million (US$8.0 million), it said in a filing to the Philippine Stock Exchange.
Belle is entitled to a share of revenues or earnings from gaming operations at City of Dreams Manila (pictured), in the Philippine capital, through an operating agreement between Belle’s subsidiary Premium Leisure Corp and a unit of casino group Melco Resorts & Entertainment Ltd.
Belle said its overall revenues from leasing City of Dreams Manila to the Melco Resorts group stood at PHP588 million in the three months to March 31, “stable” from a year earlier.
Belle’s aggregate net income for the first three months of 2026 was PHP524.4 million, on total revenue that was up 8.9 percent year-on-year, to nearly PHP1.42 billion.
Belle’s gaming revenue stood at PHP1.90 billion in 2025, down 17.3 percent year-on-year.
Earlier this year, the group said it was strengthening its proposal to develop a new casino resort in Clark, in Pampanga province, a two-hour drive from the capital, Manila.
