• 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 stands by CoD Manila ‘expansion’ comments

Apr 26, 2017 Newsdesk Latest News, Philippines, Top of the deck  


Belle stands by CoD Manila ‘expansion’ comments

Belle Corp, a local partner in the City of Dreams (CoD) Manila casino resort (pictured) in the Philippines, said in a Wednesday filing that it stands by comments attributed to its vice chairman Willy Ocier, regarding the possible expansion of the resort and the potential establishment by Belle of a new casino outside the Metro Manila area.

The existing venue’s operator Melco Crown (Philippines) Resorts Corp had said in a Tuesday filing to the Philippine Stock Exchange that it had “no prior knowledge” of Monday comments by Mr Ocier which it quoted from the Manila Standard newspaper. Melco Crown Philippines added he was “not an authorised spokesperson” for the company.

But Belle countered on Wednesday: “We confirm the quotes in the news article… We note, however, that any matters regarding expansion of City of Dreams Manila are still being explored at this time, and no definite plans have been made as of yet.”

Belle leases out – on a long-term basis – land and buildings for City of Dreams Manila. Additionally, via an entity called Premium Leisure Corp, Belle is entitled to a share of gaming revenue from that casino resort.

Belle had said in a Tuesday press release that its share of gaming income from City of Dreams Manila – through its 78.7-percent owned subsidiary, Premium Leisure – more than doubled to PHP722 million (US$14.5 million), from PHP349 million in the first quarter of 2016.

Melco Crown Philippines is ultimately controlled – via Melco Resorts and Entertainment Ltd – by Melco International Development Ltd, chaired by Macau casino investor Lawrence Ho Yau Lung.


  • tweet
Related articles
  • Ent City Manila maybe US$4bln GGR in 2023: consultancy
    Ent City Manila maybe US$4bln GGR in...

    Mar 09, 2023  

  • Melco Resorts to buy 40mln of its shares from parent
    Melco Resorts to buy 40mln of its...

    Mar 09, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govtMacau March GGR up 247pct y-o-y, to US$1.6bln: govt April 1, 2023
  • LET Group narrows year loss, Manila site open end 2024LET Group narrows year loss, Manila site open end 2024 March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us