• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Belle postpones stockholders’ meeting due to pandemic

Apr 14, 2020 Newsdesk Latest News, Philippines, Top of the deck  


Belle postpones stockholders’ meeting due to pandemic

Belle Corp, an investor in the gaming sector in the Philippines, has decided to postpone its annual stockholders’ meeting due to the Covid-19 pandemic.

The meeting was previously scheduled to take place on April 27.

Belle Corp is entitled – via its majority holding in Premium Leisure Corp – to a share of gaming revenues at City of Dreams Manila (pictured in a file photo), a casino complex in the Philippine capital operated by a unit of international casino developer Melco Resorts and Entertainment Ltd.

“Due to the ongoing Covid-19 pandemic, and after carefully weighing all aspects, the board of directors has approved the indefinite postponement of the company’s annual stockholders’ meeting,” said Belle Corp on Monday in a filing to the Philippine Stock Exchange.

The document added: “Appropriate disclosures to the exchange shall be made as soon as the board of directors has approved the new schedule which will be after the situation has normalised after the enhanced community quarantine shall have been lifted.”

The Philippine authorities have extended the anti-coronavirus lockdown of the country’s main island Luzon until April 30, according to a government statement last week.

Belle Corp reported full-year 2019 consolidated profit down 9 percent in year-on-year terms, said the firm in late February. Such profit for the 12 months last year was PHP2.92 billion (US$57.3 million), compared to PHP3.23 billion in 2018.

Belle Corp said last month that “Premium Leisure Corp’s gaming revenue from City of Dreams Manila may stall, as the Philippine Amusement and Gaming Corp [Pagcor] suspended all casino operations” in the country since March 16, as part of the nation’s lockdown to prevent the further spread locally of the Covid-19 virus.


  • tweet
Related articles
  • Cotai expansion to aid Macau EBITDA to 2019 level: CICC
    Cotai expansion to aid Macau EBITDA to...

    Jan 26, 2021  

  • Crane affirms 1Q dividend, reports 4Q 2020 profit
    Crane affirms 1Q dividend, reports 4Q...

    Jan 26, 2021  

More news
  • Nüwa CoD Macau reopening delayed beyond Feb 8
    Nüwa CoD Macau reopening delayed...

    Jan 26, 2021  

  • TCS John Huxley installs Blaze products at Okada Manila
    TCS John Huxley installs Blaze...

    Jan 26, 2021  


Latest News

Cotai expansion to aid Macau EBITDA to 2019 level: CICC

Cotai expansion to aid Macau EBITDA to 2019 level: CICC

Jan 26, 2021  

Macau casino-sector earnings before interest, taxation, depreciation and amortisation (EBITDA) could return to 2019 levels “as soon as” the fourth quarter of this year, “partly helped by...
Read More
Nüwa CoD Macau reopening delayed beyond Feb 8

Nüwa CoD Macau reopening delayed beyond Feb 8

Jan 26, 2021  

Crane affirms 1Q dividend, reports 4Q 2020 profit

Crane affirms 1Q dividend, reports 4Q 2020 profit

Jan 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The travel impediments [in mainland China] will lead to reduced visitation into Macau for the next few weeks at least, with Chinese New Year visitation being impacted"

Vitaly Umansky, Tianjiao Yu and Kelsey Zhu

Analysts at Sanford C. Bernstein Ltd



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us