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Belle net profit up 554%

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City of Dreams Manila in an earlier stage of construction in Aseana Business Park along Roxas Boulevard. Leisure estate and gaming firm Belle Corp. jacked up its net profit in 2013 by 554 percent to P3.64 billion mostly on revenues from the leasing of the upcoming integrated casino and entertainment complex to operator Melco Crown group of Macau.  PHOTO BY RICK ALBERTO

Leisure estate and gaming firm Belle Corp. jacked up its net profit last year by 554 percent to P3.64 billion mostly on revenues from the leasing of an upcoming integrated casino and entertainment complex at Pagcor Entertainment City property to operator Melco Crown group of Macau.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories | Read More »

Gaming revenues push up Bloomberry Q3 income

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Bloomberry Resorts Corp., the listed operator of Solaire Resort and Casino along Manila Bay, said profit in the third quarter hit P165 million as gaming revenues increased.

Posted: November 6th, 2013 in Headlines | Read More »

Japanese tycoon Okada, Antonios partner to put up gaming complex

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Kazuo Okada AP FILE PHOTO

Japanese gaming magnate Kazuo Okada is teaming up with the Century Properties Group of the Antonio family to pursue a project to build an integrated gaming and entertainment complex in the Philippine Amusement and Gaming Corp.’s Entertainment City, envisioned to be the Philippines’ version of the Las Vegas strip.

Posted: November 1st, 2013 in Latest Business Stories | Read More »

Real estate sector to get extra boost

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Tourism is the next big thing in the country’s real estate market as the country’s meager share in the vast international tourism market leaves much room for growth, according to the chief of property consultancy firm Jones Lang LaSalle (JLL) Philippines.

Posted: October 27th, 2013 in Headlines | Read More »

NGCP seeks gov’t OK for P663M project

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ngcp

National Grid Corp. of the Philippines (NGCP) is seeking the government’s approval for its P663-million substation expansion project in Parañaque City that will support the electricity needs of the 120-hectare Entertainment City locators and surrounding establishments.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

Okada no show at DOJ probe into anomalous casino project

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Kazuo Okada AP FILE PHOTO

Japanese billionaire Kazuo Okada and his alleged dummies failed to appear before the Department of Justice Thursday to answer the criminal complaint filed against him regarding the multi-billion peso Entertainment City Project of the Philippine Amusement and Gaming Corporation.

Posted: October 17th, 2013 in Latest Business Stories | Read More »

Casino mogul Okada, bagman, 24 others face DOJ raps

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Kazuo Okada AP FILE PHOTO

The Department of Justice (DOJ) on Monday recommended the filing of charges against 26 people and corporations, including Japanese casino magnate Kazuo Okada; Rodolfo Soriano Jr., a former consultant of Philippine Amusement and Gaming Corp. (Pagcor); and lawyers of a law firm for violating the country’s antidummy laws.

Posted: July 16th, 2013 in Latest Business Stories | Read More »

Bloomberry earmarks P20B for Solaire expansion

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Bloomberry Resorts Corp., the first licensee to open a gaming complex in the Entertainment City of Philippine Amusement and Gaming Corp., is spending P20.5 billion to expand Solaire Resort and Casino with the goal of opening the additional facilities to the public next year.

Posted: June 24th, 2013 in Headlines | Read More »

Meralco allots P1.16B for gaming complex substation

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Manila Electric Co., the country’s biggest power distributor, plans to invest P1.16 billion put up a new substation that will ensure adequate and reliable supply of power for the 120-hectare Entertainment City.

Posted: May 16th, 2013 in Headlines | Read More »

Biz Buzz: Game changer

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The flagship development at the Entertainment City complex of Philippine Amusement and Gaming Corp. is set to open on Saturday with all the glitz and glamor tycoon Enrique Razon Jr. is known for.

Posted: March 13th, 2013 in Headlines | Read More »

Pagcor still waiting for Okada’s group to settle land ownership issue

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pagcor-logo

The Philippine Amusement and Gaming Corp. (Pagcor) is still waiting for Japanese businessman Kazuo Okada’s group to settle the land ownership issue in its project for Entertainment City pending negotiations with local partner Robinsons Land Corp.

Posted: February 19th, 2013 in Latest Business Stories | Read More »

$4B Manila mega-casino complex to open in March

AFP FILE PHOTO

A $4-billion mega-casino complex is set to open in Manila in mid-March when the first of four franchise-holders starts commercial operations, the parent firm said in a disclosure released Wednesday.

Posted: February 7th, 2013 in Featured Gallery,Latest Business Stories | Read More »

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