Mar 01, 2019 Newsdesk Latest News, Philippines, Top of the deck  
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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Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
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”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”
Sherwin Gatchalian
Chairman of the Committee on Ways and Means of the Senate of the Philippines