Philippine gaming operator Belle Corp has announced that has sold 200 million of its treasury shares to raise new capital ‘for the Corporation’s forthcoming projects’.
The price per share was set at PHP1.40, with the sale initially expected to run until March 25th.
The board on March 4th ‘authorized the Corporation to liquefy some of its dormant assets by selling part of its treasury shares’. These were purchased ‘through a block sale on March 4, 2026’, the company Corporate Secretary informed.
The total consideration for the sale amounts to PHP280 million ($4.78 million).
Belle Corp, in January of last year, indicated that it is pursuing Clark as a “strategic location” for further growth. In a release the group behind City of Dreams Manila indicated that its new direction involves ‘charting a path for long-term growth as it positions itself strategically in the evolving gaming and tourism sectors, buoyed by the emergence of Clark, Pampanga as a prime destination for integrated resort developments’.
In 2024, Belle Corp, via Premium Leisure Corp, procured a gaming license to develop an integrated resort at the former US air base in Clark.
“Clark’s strategic location, with accessibility to major foreign tourist markets such as China, Hong Kong SAR, Singapore, South Korea, and Japan, strengthens its appeal as a gaming and tourism hub. Belle is well-prepared to explore opportunities that align with this growth trajectory,” indicated Belle’s President and CEO Armin Raquel Santos at the time.
Aside from the casino project, the group is further pursuing an interest in the Tagatay highlands.
In March of last year, Belle Corp, as the landlord of City of Dreams Manila, indicated that it did not plan to buy out Melco Resorts & Entertainment’s interest in the property if it chooses to exit the Philippines, noting ‘any buy-out of Melco’s interests in COD Manila is not part of Belle’s plans for the immediate future’.
