Tag Archives: sm group
- Belle Corp income; SM Group slows roll on Cebu casino talk
March 30, 2015
Philippine-listed Belle Corp, the company that owns the property where City of Dreams Manila stands, has reported a 30% year-on-year drop in consolidated net income in 2014. Belle, which now focuses on real estate development, saw its 2014 overall net income drop to Php2.56 billion compared to Php3.6 billion in 2013....
- Sinophil completes acquisition of gaming assets; Belle in talks to buy more land for City of Dreams Manila
July 25, 2014
Sinophil’s transformation from a dormant company, with undeveloped properties, into the holding company for the SM Group’s gaming assets is completed. In a regulatory filing, Sinophil indicated it had purchased 50,000 PLAI common shares worth P10.84 billion ($249 million) and a 34.5 percent stake in lotto equipment provider Online Systems...
- Belle Grand opening moved to middle of 2014
March 18, 2013
With Solaire Manila opening to the glitz and glamor deserving of its stature, the Philippine gaming industry officially took the next step to becoming a regional powerhouse. Now, all eyes turn to Belle Grande Manila Bay, the joint casino resort venture between Henry Sy's SM Group and Macau casino heavyweight...
Okada Manila eyes Philippine backdoor listing
May 2, 2017