• 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 in control of nearly 90 pct of Premium Leisure

Sep 17, 2014 Newsdesk Latest News, Philippines, Top of the deck  


Belle in control of nearly 90 pct of Premium Leisure

Philippine casino investor Belle Corp is now in control of almost 90 percent of Premium Leisure Corp, the subsidiary that owns the gaming interests of the group. Premium Leisure said in a regulatory filing on Wednesday that it has issued the 24.7 billion common shares subscribed to by Belle.

The increase in capital had been approved by the country’s Securities and Exchange Commission earlier this month.

As such, the public float capital of Premium Leisure – formerly known as Sinophil Corp – was reduced from 49.45 percent to 10.86 percent, the company said in the statement to the Philippine Stock Exchange.

Belle has reorganised its gaming assets, transferring its 100 percent stake in Premium Leisure and Amusement Inc and the parent’s 34.5 percent interest in Pacific Online Systems Corp to Premium Leisure. Belle, in turn, holds the property assets where the entertainment businesses are located.

Premium Leisure Amusement is one of the partners in the City of Dreams Manila casino resort (pictured in a rendering), a joint venture with Macau-based casino operator Melco Crown Entertainment Ltd.

Willy Ocier, Belle’s vice chairman and also chairman of Premium Leisure, had told GGRAsia that it was likely a portion of the 90 percent would be sold to the public. Belle has hired brokerage CLSA to “study the feasibility” of a partial sale of its current equity ownership in Premium Leisure.

Premium Leisure is reportedly already pre-marketing a follow-on share sale to expand its investor base.


  • tweet
Related articles
  • Pagcor CEO confident gaming sector will fully recover soon
    Pagcor CEO confident gaming sector will...

    Feb 03, 2023  

  • Tak Chun execs knew illicit to settle proxy in Macau: trial
    Tak Chun execs knew illicit to settle...

    Jan 31, 2023  

More news
  • Return of tours good for mass floor traffic: observers
    Return of tours good for mass floor...

    Feb 03, 2023  

  • S.Korea casino op GKL’s January sales up 230pct y-o-y
    S.Korea casino op GKL’s January...

    Feb 03, 2023  


Latest News

Return of tours good for mass floor traffic: observers

Return of tours good for mass floor traffic: observers

Feb 03, 2023  

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...
Read More
S.Korea casino op GKL’s January sales up 230pct y-o-y

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023  

Aristocrat completes acquisition of Roxor Gaming

Aristocrat completes acquisition of Roxor Gaming

Feb 03, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are confident that the Philippine gaming sector will be able to fully recover, or even surpass its pre-pandemic earnings soon”

Alejandro Tengco

Chairman and chief executive of Pagcor



Most Popular

  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Aruze Gaming America opts financial rejig after legal matterAruze Gaming America opts financial rejig after legal matter February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us