Monday, July 15, 2024

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Drops in VIP trigger 44% fall in PLC’s City of Dreams Manila GGR share

City of Dreams Manila saw a significant drop in VIP revenue during the first three months of the year, causing one of its parent companies - Premium Leisure Corp (PLC) - to record a 44 percent annual drop in gaming revenue from the property.

City of Dreams Manila drives Belle Corp to strong revenue/profit increase in 1H23

City of Dreams Manila drove a strong increase in revenue for Belle Corp, at least in regard to its gaming segment, with figures up 28 percent year-on-year, to PHP1.23 billion ($22.46 million) during the first half-year.

Belle Corp. 1Q22 share of City of Dreams Manila gaming revenue drops 20%

Belle Corp. said its share of gaming revenue from the City of Dreams Manila dropped 20 percent in the first quarter due to Covid restrictions and ongoing border closures.

Melco introduces AI in City of Dreams Manila loyalty program, beating humans

Melco Resorts & Entertainment has deployed artificial intelligence to support its loyalty program at City of Dreams Manila and the technology has reportedly “eclipsed” human benchmarks.

Okada Manila seeking IPO on Philippine Stock Exchange by 2025: Report

According to a report, the company behind Okada Manila, Universal Entertainment Corp, is planning to list the entity on the Philippine Stock Exchange via an Initial Public Offering worth between $500 million and $750 million by 2025.

Under the Scope: Metro Manila, Clark and online are in focus as PAGCOR predicts record GGR for FY23

The four main integrated resorts in Entertainment City, in Manila, by September had “already exceeded the same period in 2019 by about 11 percent” and, in line with statements by the Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), that the nation’s GGR levels are likely to top the pre-pandemic record by the end of the year.

CoD Manila uptick drives 57 percent profit rise for Premium Leisure Corp

City of Dreams Manila operator Premium Leisure Corp has seen a 57 percent uptick in profit, topping some PHP1.91 billion ($33.5 million) during the nine months ended September 30th, ‘mainly brought about by better and more robust economic environment in 2023’.

Australia’s Ainsworth debuts in the Philippines with installation at City of Dreams

Australia's Ainsworth Game Technology Ltd announces a significant milestone in the Asian gaming market with the installation of 24 A-Star™ slot machines at the prestigious City of Dreams Manila, marking the first ever arrival of the state-of-the-art A-Star™ cabinet in the Philippines. 

W Macau at Studio City to open on September 8

The W Macau, a new hotel at Melco Resorts & Entertainment Cotai property Studio City, is scheduled to open on September 8

Melco sees $23.4 million loss in 2Q23 on Manila/Cyprus expenditure

Melco Resorts & Entertainment managed to taper its loss in the second quarter to $23.44 million, down from $251.49 million in the same period of 2022, related to its Studio City, City of Dreams Manila and City of Dreams Mediterranean properties.