Belle Corp’s gaming revenue derived from its share of the casino business at City of Dreams Manila fell 12.1 percent year-on-year in the nine months to September 30, reaching PHP1.32 billion (US$22.4 million), the company said in a filing on Thursday 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 a file photo), in the Philippine capital, through an operating agreement between Belle’s subsidiary Premium Leisure Corp and a unit of the casino group Melco Resorts & Entertainment Ltd.
Belle said its revenues from leasing City of Dreams Manila to the Melco Resorts group stood at PHP1.76 billion for the January to September 2025 period, up 1.3 percent from a year earlier.
Belle’s aggregate net income for the nine months to September 30 was PHP1.32 billion, representing a year-on-year decline of 13.6 percent.
In February, Melco Resorts said it was considering “strategic alternatives” regarding its role in City of Dreams Manila. Lawrence Ho Yau Lung, the company’s chairman and chief executive, said such a move was aligned with the group’s aim of adopting an “asset-light” investment strategy.
Belle has meanwhile stated that a buyout of Melco Resorts’ interest in the City of Dreams Manila casino resort is “not part of Belle’s plans for the immediate future”.
