Good morning. Belle Corp. posted a 12 percent increase in its share of gaming revenues from City of Dreams Manila in 1Q26, maintaining momentum despite industry headwinds. Philippine business sentiment deteriorated sharply in March, with confidence hitting a 25-year low, according to a survey conducted by the country’s central bank. Weaker sentiment may weigh on gaming and tourism, as softer consumer spending could reduce visitation and discretionary spending in casinos. Meanwhile, in Macau, SJM Holdings said restructuring efforts are laying the groundwork for improved margins in 2026.
What you need to know
- Belle Corp sees 12 percent growth in 1Q26 gaming share from City of Dreams Manila to $8 million, lifting overall earnings performance.
- Philippine business confidence drops to a 25-year low in March as rising fuel costs and geopolitical tensions weigh on consumer spending outlook.
- SJM targets margin improvement in 2026, calling it an “inflection point” after completing redeployments and advancing upgrades.
On the radar
- HKJC chief warns of unintended consequences from UK betting reforms.
- PhilWeb submits plan to address negative equity after PSE inquiry.
- Paradise City, Lotte Duty Free team up to target Chinese tourists.
- HKJC shatters World Pool record with $12.4M single-race win handle.
- Hengqin Port hits 100M crossings, boosting Cotai access.
- PH police probe alleged links between Atong Ang and illegal e-sabong.
AGB Intelligence
PHILIPPINES
Belle Corp. records 12% increase in COD Manila gaming share
Belle Corporation posted a 12 percent rise in its share of City of Dreams Manila gaming revenues to $8 million in 1Q26, reversing declines seen in previous quarters. Overall, the company’s total revenues increased 9 percent year-on-year to $23.4 million, while net income rose 13 percent, supported by gaming contributions, stable lease income, and stronger performance across its real estate and utility segments.
Industry Updates
- TCSJOHNHUXLEY spotlights smart software & table tech at G2E Asia 2026.
- SOFTSWISS invites iGaming pros to shape the 2027 Trends Report.
- QTech Games appoints Iryna Alabuhina to lead growth in Europe.
Written by
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.
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