• 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
  • Okada Manila 1Q GGR down 41pct amid casino restrictions
    Okada Manila 1Q GGR down 41pct amid...

    Apr 19, 2021  

  • Bloomberry Quezon project in 2023, focus on preserving cash
    Bloomberry Quezon project in 2023,...

    Apr 16, 2021  

More news
  • Oaktree offers US$$2.3bln for Crown to buy out Packer
    Oaktree offers US$$2.3bln for Crown to...

    Apr 19, 2021  

  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  


Latest News

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Australian casino operator Crown Resorts Ltd said on Monday it had received a circa AUD3.0-billion (US$2.31-billion) proposal by private equity firm Oaktree Capital Management LP to buy the...
Read More
Okada Manila 1Q GGR down 41pct amid casino restrictions

Okada Manila 1Q GGR down 41pct amid casino restrictions

Apr 19, 2021  

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Sands China says no links to online gaming siteSands China says no links to online gaming site April 15, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us