• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Belle 1Q gaming revenue from CoD Manila dips 3pct

May 14, 2021 Newsdesk Latest News, Philippines, Top of the deck  


Belle 1Q gaming revenue from CoD Manila dips 3pct

Belle Corp’s first-quarter income from gaming revenue fell 3.1 percent year-on-year, to PHP431.1 million (US$9.0 million), the firm said in a Friday filing to the Philippine Stock Exchange.

Belle is entitled to a share in revenues or earnings from City of Dreams Manila’s gaming operations through an operating agreement between Belle’s 78.7-percent -owned subsidiary Premium Leisure Corp, and a unit of Melco Resorts and Entertainment Ltd.

The share in the gaming revenues at City of Dreams Manila declined “as gaming operations continued to be substantially limited during the first quarter of 2021,” stated the company.

Metro Manila casinos – including the City of Dreams Manila resort – had been permitted to operate at a maximum 30 percent of normal capacity since early June 2020, depending on the local situation regarding the pandemic. But these venues have been shut since late March, because of more stringent quarantine rules in the country.

In Friday’s filing, Belle said it achieved net income of PHP797.4 million in the three months to March 31, up 76.8 percent from the prior-year period. The group’s aggregate revenue for the period slipped by 8.6 percent year-on-year, to nearly PHP1.30 billion.

Belle noted in its announcement to the Philippine Stock Exchange that first-quarter revenues at Pacific Online Systems Corp, a unit that leases online betting equipment to the Philippine Charity Sweepstakes Office for its lottery and keno operations, had also declined. The segment reported quarterly revenue of PHP122.8 million, down 31.8 percent from a year earlier.


  • tweet
Related articles
  • Bloomberry aims to raise up to US$99mln via share sale
    Bloomberry aims to raise up to US$99mln...

    Sep 29, 2023  

  • Light & Wonder to expand facilities in the Philippines: CEO
    Light & Wonder to expand...

    Sep 29, 2023  

More news
  • Macau September GGR down 13pct on August: govt
    Macau September GGR down 13pct...

    Oct 01, 2023  

  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  


Latest News

Macau September GGR down 13pct on August: govt

Macau September GGR down 13pct on August: govt

Oct 01, 2023  

Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...
Read More
Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • International Ent to invest at least US$1bln in Manila IRInternational Ent to invest at least US$1bln in Manila IR September 28, 2023
  • Galaxy Ent to build ice rink, bookshop at Macau old shipyardsGalaxy Ent to build ice rink, bookshop at Macau old… September 28, 2023
  • Light & Wonder to expand facilities in the Philippines: CEOLight & Wonder to expand facilities in the Philippines:… September 29, 2023
  • S.Korea Daegu Casino fined US$776k for AML breaches S.Korea Daegu Casino fined US$776k for AML breaches  September 29, 2023
  • Osaka, MGM-Orix sign implementation deal for IROsaka, MGM-Orix sign implementation deal for IR September 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us