• 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 Corp 1H gaming income up 225pct y-o-y

Aug 02, 2021 Newsdesk Latest News, Philippines, Top of the deck  


Belle Corp 1H gaming income up 225pct y-o-y

Belle Corp’s first-half 2021 income from gaming revenue rose 225.0 percent year-on-year, to PHP805.5 million (US$16.1 million), from PHP247.9 million in the prior-year period, the firm said in a Friday filing to the Philippine Stock Exchange.

Belle is entitled to a share in revenues or earnings from gaming operations at City of Dreams Manila (pictured) through an operating agreement between Belle’s subsidiary Premium Leisure Corp, and a unit of casino group Melco Resorts and Entertainment Ltd.

The first-half gaming revenue gain occurred as “operations at City of Dreams Manila improved during 2021, although still with substantial limitations due to the continuing Covid-19 pandemic,” said Belle in its latest results filing.

In Friday’s filing, Belle said it achieved net income of PHP1.04 billion in the six months to June 30, up 243.7 percent from the nearly PHP304.0 million it achieved in the first half of 2020.

Metro Manila – where City of Dreams is located within the Entertainment City zone – will again be placed under the most restrictive “enhanced community quarantine” from Friday (August 6) to August 20, as countermeasure against the further spread of Covid-19 in the region.

Under the new measures, indoor tourist attractions in Metro Manila “may not operate”, and outdoor tourist attractions shall “be allowed at 30 percent venue capacity.”

Casino operations in the Metro Manila area include the large-scale private sector sites Okada Manila, Resorts World Manila, and Solaire Resort and Casino, as well as City of Dreams Manila.

The operator of the latter resort said last week that the property had been closed from March 29 to April 30 as part of community quarantine measures in Metro Manila. The property resumed gaming operations on May 1, but with capacity limited to 50 percent, it stated. Gaming capacity at City of Dreams Manila has been further limited to 40 percent since July 26, noted its promoter in commentary on July 27.


  • tweet
Related articles
  • Macau resuming tourism promotion on Chinese mainland
    Macau resuming tourism promotion on...

    Aug 19, 2022  

  • Studio City Phase 2 opening 2Q23, in stages: Lawrence Ho
    Studio City Phase 2 opening 2Q23, in...

    Aug 19, 2022  

More news
  • SOFTSWISS Game Aggregator deal on Vibra Gaming content
    SOFTSWISS Game Aggregator deal on Vibra...

    Aug 19, 2022  

  • Ambrose So, CEO of Macau op SJM cuts stake for US$11mln
    Ambrose So, CEO of Macau op SJM cuts...

    Aug 19, 2022  


Latest News

Macau resuming tourism promotion on Chinese mainland

Macau resuming tourism promotion on Chinese mainland

Aug 19, 2022  

Macao Government Tourism Office (MGTO) said on Friday that it is resuming promotion of Macau as a travel destination, targeting mainland Chinese consumers. Its new campaign starts this month and runs...
Read More
SOFTSWISS Game Aggregator deal on Vibra Gaming content

SOFTSWISS Game Aggregator deal on Vibra Gaming content

Aug 19, 2022  

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Aug 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

“The key focus is digging ourselves, together with the other five operators, out of hole that Macau has been in for the last three years”

Lawrence Ho Yau Lung

Chairman of casino operator Melco Resorts



Most Popular

  • Studio City Phase 2 opening 2Q23, in stages: Lawrence HoStudio City Phase 2 opening 2Q23, in stages: Lawrence Ho August 19, 2022
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H lossGalaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss August 18, 2022
  • GEN HK liquidators considering offers on Manila venue stakeGEN HK liquidators considering offers on Manila venue stake August 18, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau govt names members of new casino-policy committeeMacau govt names members of new casino-policy committee August 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us