Belle Corporation’s gaming revenue share from City of Dreams Manila rose 37.5 percent year-on-year to PHP467.2 million ($7.6 million) in 2Q26.
Quarterly net income increased 33.6 percent to PHP452.4 million ($7.3 million), according to Belle’s unaudited financial results for the period ended June 30th.
Revenue climbed 11.9 percent to PHP1.31 billion ($21.3 million), supported by the higher gaming contribution. The cost of gaming operations remained broadly stable at PHP36.8 million ($596,000).
For the first six months of 2026, Belle’s gaming revenue share increased 23.4 percent to PHP952.9 million ($15.5 million), from PHP772.3 million ($12.5 million) a year earlier.
The gaming revenue share is received through Belle subsidiary Premium Leisure Corporation (PLC). It represents Belle’s contractual participation in City of Dreams Manila’s gaming operations rather than the integrated resort’s total gaming revenue.
Belle and Melco Resorts and Entertainment (Philippines) Corporation are co-licensees under the Philippine Amusement and Gaming Corporation (PAGCOR) license held by Premium Leisure and Amusement Inc.
Belle’s gaming and gaming-related segment, which also includes lottery operations, reported a 28.2 percent increase in first-half net profit to PHP824.1 million ($13.4 million). Segment revenue rose 12.7 percent to PHP1.23 billion ($20 million).
Group-wide net income increased 21.9 percent to PHP976.8 million ($15.8 million), while consolidated revenue grew 10.3 percent to PHP2.73 billion ($44.3 million).
Lower financing costs also supported earnings. Interest expense and other financing charges declined 27 percent to PHP246.5 million ($4 million), as Belle’s outstanding debt dropped 44 percent year-on-year to PHP4.21 billion ($68.3 million).
Lease income from City of Dreams Manila was broadly unchanged at PHP1.18 billion ($19.1 million) during the first half.
