Belle Corp took a very big hit from the Philippine lottery ban, which dug deep into their revenues until the ban was lifted.
Belle Corp. has reported its financial situation for the first half of the year, and indicates that its consolidated net income dropped 11% over the same period last year.
Bell Corp, owners of the City of Dreams Manila Resort and Casino, saw revenue increases across the board in 2018.
Premium Leisure Corp, whose parent company, Belle Corp., owns a piece of City of Dreams Manila, has declared a cash dividend of $0.00097 per share.
He was the man behind SM Investments Corp., as well as Belle Corp., which invested in Melco-owned City of Dreams Manila.
Belle Corporation reported lower net income during the third quarter, even as year-to-date profits went up slightly.
Belle Corp saw its net income increase by 10.2%, reaching $17.3 million, supported by high volume of gaming income share at City of Dreams Manila.
Vibrant gambling activity in City of Dreams has lifted the consolidated net income of Philippine-listed gaming and property firm Belle Corp. by 13% in 2017.
Belle Corp. surged by 37 percent in the first nine months of the year on the back of solid gaming revenue.
Belle Corp. posted a 93 percent net profit gain in the first half of 2017 as it rides on the vibrant gambling activity in City of Dreams Manila.