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Tag Archives: Belle Corp

Philippines – Belle Corp. looks to become equity holder in City of Dreams Manila

Premium Leisure Corp (PLC), the company who owns Belle Corp, the local partner in City of Dreams Manila, has asked its partner in the project, Melco Resorts, if it can buy more shares in the casino. Melco has held ‘preliminary discussions’ with Premium Leisure Corp regarding a ‘potential transaction whereby PLC or its affiliated entities…

Philippines – Belle Corp wants to expand City of Dreams Manila

Belle Corp has asked it partner in Manila, Melco Resorts, to expand City of Dreams Manila using a one-hectare land adjacent to the property. Belle President Manuel Gana revealed that the 6.2-hectare Manila resort, which has over 900 hotel rooms, needs more rooms as it was now operating at close to full capacity with an…

Philippines – City of Dreams drives 37 per cent increase for Belle

Philippine operator Belle Corp. has seen its net profit increase by 37 per cent in the past nine months due to solid GGR at City of Dreams Manila. Profit grew to PHP2.2bn (US$42.88m) however Willy Ocier, Vice Chairman of Belle, said he was optimistic that ‘the best is yet to come.’ However the last three…

Philippines – Belle seals Melco Entertainment’s Philippines entry

Belle Corp has now signed its agreement with Melco Crown Entertainment giving the Macau-based operator the chance to enter the Philippine casino sector by running the planned Belle Grande Manila Bay complex in Parañaque City. Belle, together with wholly owned subsidiary PremiumLeisure & Amusement, signed a ‘cooperation agreement’ with Melco Crown for the operation of…

Philippines – Melco looks at Philippine float

Melco International is considering a listing on the Philippine Stock Exchange to raise $300m, part of the cash for its Belle Grande Manila casino project in partnership with Belle Corp. and through its Melco Crown partnership with James Packer. If the plans go ahead it would form a Philippine-based company, which would own the casino…

Philippines-Melco Crown sounds Belle on Manila partnership

Macau casino operator Melco Crown Entertainment is believed to be in advance talks with Philippine’s developer Belle Corp to partner in its $US1bn Belle Grande development, which is being built on more than six hectares of land in a central area in the Aseana Business Park in Parañaque City. Melco Crown, owned by Australian billionaire…