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.
Mar 21, 2019The Japanese city and surrounding prefecture of Osaka are likely to make a decision on their development partners for a tilt at a casino resort by “this time next year”, said Jim Murren (pictured...
Mar 21, 2019
"We hope that the earnings power of that building [the Londoner], when we are finished, can rival that of the Venetian [Macao]"
Senior vice president of investor relations at casino operator Las Vegas Sands