• 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

CoD Manila partner Belle net income down 96pct to Sept 30

Oct 23, 2020 Newsdesk Latest News, Philippines, Top of the deck  


CoD Manila partner Belle net income down 96pct to Sept 30

Net income at Belle Corp, which has an interest in the gaming operations of the City of Dreams Manila casino resort (pictured) in the Philippine capital, fell 96.4 percent year-on-year in the first nine months this year.

Such income was PHP92.62 million (US$1.9 million), versus nearly PHP2.56 billion in the prior-year period.

The group’s revenue from its share of gaming operations slipped 86.4 percent year-on-year, to just under PHP324.81 million, from nearly PHP2.38 billion.

Belle Corp said the decline was due in both cases to “Covid-19 -related developments”, which had hurt gaming at City of Dreams Manila, a property operated by a unit of Melco Resorts and Entertainment Ltd.

Belle Corp described its income from that property as its “primary growth driver”.

The firm stated: “The effects of the pandemic began with declining tourist arrivals prior to the implementation of the community quarantines nationwide and was compounded by the temporary suspension of gaming operations at City of Dreams Manila on March 16, 2020 in compliance with government initiatives to contain the virus.”

So-called “dry runs” of casino operations at Metro Manila casinos – at a maximum 30 percent of normal operational capacity – have been permitted intermittently by the country’s gaming regulator since early June, depending on the local situation regarding the pandemic.

Belle Corp noted in its Thursday announcement to the Philippine Stock Exchange that disruption from the pandemic had also caused “weak results” in the first nine months at Pacific Online Systems Corp, a Belle Corp unit that leases online betting equipment to the Philippine Charity Sweepstakes Office for its lottery and keno operations.


  • tweet
Related articles
  • Belle Corp 2020 gaming revenue from CoD Manila dips 79pct
    Belle Corp 2020 gaming revenue from CoD...

    Apr 20, 2021  

  • Three Manila casinos say still shut despite eased lockdown
    Three Manila casinos say still shut...

    Apr 13, 2021  

More news
  • VIP gaming not defined in Japan draft rules: IR Forum
    VIP gaming not defined in Japan draft...

    Apr 21, 2021  

  • GEN Malaysia likely 2021 loss amid pandemic: Maybank
    GEN Malaysia likely 2021 loss amid...

    Apr 21, 2021  


Latest News

VIP gaming not defined in Japan draft rules: IR Forum

VIP gaming not defined in Japan draft rules: IR Forum

Apr 21, 2021  

Japan’s draft regulations for casinos, undergoing public consultation until May 9, still require clarifications in key areas, including the definition of VIP play, says Kentaro Maruta (pictured) of...
Read More
GEN Malaysia likely 2021 loss amid pandemic: Maybank

GEN Malaysia likely 2021 loss amid pandemic: Maybank

Apr 21, 2021  

Macau 1Q gaming suspect transaction reports up 2pct

Macau 1Q gaming suspect transaction reports up 2pct

Apr 21, 2021  

Macau govt, analysts tip May Day bounty at casino resorts

Macau govt, analysts tip May Day bounty at casino resorts

Apr 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are filled with gratitude and excitement as we approach our opening this June and hope to play a role in Las Vegas’s rebound after what has been an incredibly challenging year”

Scott Sibella

President of Resorts World Las Vegas



Most Popular

  • Macau gaming demand recovering comfortably: analystsMacau gaming demand recovering comfortably: analysts April 20, 2021
  • Talks on NagaWorld lay-offs amid pandemic: sourceTalks on NagaWorld lay-offs amid pandemic: source April 19, 2021
  • Macau govt, analysts tip May Day bounty at casino resortsMacau govt, analysts tip May Day bounty at casino resorts April 20, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us