Seaport Research Partners has advised Melco Resorts & Entertainment to divest its stakes in City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus to finance a potential investment in Thailand and fully acquire Studio City in Macau. Vitaly Umansky, an analyst at Sea
Armin Raquel Santos has said that Clark is emerging as the next gaming and tourism hub in the Philippines.The Philippines.- Armin Raquel Santos, president and CEO of Belle Corp, the parent company ofPremium Leisure (PLC), has said that he remains upbeat on the company’s growth prospects, and bullish
Large-scale integrated resorts (IRs) in Entertainment City, in Metro Manila, recorded gross gaming revenue (GGR) of just above PHP41.92 billion (US$714.3 million) in the three months to September 30, according to data from the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pag
The figure was up 9.76 per cent in year-on-year terms.The Philippines.-The Department of Tourism (DOT)has reported that the Philippinesreceived 4.87 million tourist arrivals in the first ten months of the year. That’s an increase of 9.76 per cent when compared to last year. Some 91.93 per cent of ar
Operating revenue was down 5.05 per cent in year-on-year terms.The Philippines.-Melco Resorts & Entertainment has shared the financial results of City of Dreams Manila for the third quarter.Operating revenue was US$118.9m,down 5.05 per cent year-on-yearbut up 9.08 per cent sequentially. Adjusted
Belle Corp’s casino revenue generated from its share of gaming business at City of Dreams Manila fell by 16.6 percent year-on-year in the first nine months of 2024, to nearly PHP1.50 billion (US$25.5 million), it said in a Thursday filing to the Philippine Stock Exchange.Belle is entitled to a share
Philippine-listed Belle Corp reported revenues of just under PHP2.73 billion (US$47.6 million) for the first half of 2024, down 5.8 percent from a year ago.Belle is an investor in City of Dreams (COD) Manila (pictured), a casino resort in the Philippine capital. The complex – run by a unit of Melco
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