City of Dreams Manila junior investor gives dividend
The board of Leisure and Resorts World Corp – a minority investor in Manila’s under-construction City of Dreams Manila casino resort (pictured in a rendering) via a unit called AB Leisure Global Inc – has approved a dividend to stockholders of PHP0.0425 (US$0.00095) per share.
The dividend, recommended on Wednesday, is based on the company’s unappropriated retained earnings and is payable on January 6, 2015, to shareholders of record as of December 11.
The shell of City of Dreams Manila – previously known as Belle Grande Manila Bay – was developed initially by a company controlled by the family of Filipino Chinese billionaire Henry Sy. The property, due to have a first phase soft opening in December, will be managed by a unit of Macau casino operator Melco Crown Entertainment Ltd.
Leisure and Resorts World is also the parent of First Cagayan Leisure and Resort Corp, the exclusive master licensor for the Cagayan Economic Zone Authority, the online gaming jurisdiction in the Philippines operating in the Cagayan Special Economic Zone.
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
New Manila casino resort open in 2020: Genting HK August 18, 2017 
Japan holds first of public hearings on casino policy August 18, 2017 
Philippine casino demand outstrips supply: MS August 17, 2017