GGRAsia – Leisure & Resorts World Corp announces dividends

Leisure & Resorts World Corp announces dividends

Jun 27, 2014 Newsdesk Latest News, Philippines, Top of the deck

Leisure and Resorts World Corp – an original investor, via its unit AB Leisure Global Inc, in Manila’s under-construction Belle Grande casino project (pictured in an artist’s rendering) – has announced shareholder dividends. The casino resort is now known as City of Dreams Manila, a partnership between Belle Corp and Melco Crown (Philippines) Resorts Corp.

Leisure and Resorts World Corp on Friday told the Philippine Stock Exchange that its common shareholders would receive 0.04 pesos (0.00091 US cents) per share on the company’s unappropriated retained earnings.

The dividend policy was approved by Leisure and Resort World Corp’s board on Thursday. The first tranche is payable on October 23, and that for second tranche on March 25 next year.

A dividend for preferred shareholders will be paid at 0.0425 pesos per share on August 5.

Leisure and Resorts World Corp is also the parent of First Cagayan Leisure & Resort Corp, the exclusive master licensor and regulator for the Cagayan Economic Zone Authority, the online gaming jurisdiction operating in the Cagayan Special Economic Zone.