Belle Corporation, the Philippine-listed parent company of Premium Leisure Corp, and landlord of City of Dreams Manila has indicated that it saw a 12 percent drop in its gaming revenue share from the property in the first three quarters.
In total, the group brought in some PHP1.31 billion ($22.38 million) in gaming revenue share from the operation. This comes even as the casino leaser, Melco Resorts and Entertainment (Philippines) Corporation contributed some PHP1.76 billion ($29.96 million) in rent, up by about 1 percent yearly.
Belle Corp. handles its gaming revenue in City of Dreams Manila via its subsidiary Premium Leisure Corporation (PLC). The group also leases online lottery equipment to the Philippine Charity Sweepstakes Office (PCSO), via Pacific Online Systems Corporation (Pacific Online). The group notes that its revenue for the January to September period of 2025 and 2024 were comparable, at PHP388.4 million ($6.59 million).
Melco’s participation in the City of Dreams Manila project came into question in recent months, with speculation that Belle Corp would be willing to take on the shares of Lawrence Ho’s company’s investment. Belle, however, indicated that ‘any buy-out of Melco’s interests in COD Manila is not part of Belle’s plans for the immediate future’.
Belle Corp indicated in January that it was pursuing Clark as a “strategic location” for further growth.
