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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 »

Biz Buzz: Never say die

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The contract signing between the government and the Ayala Corp.-Metro Pacific Investments tandem for the automated fare collection system PPP—the transportation department’s first—went off without a hitch on Monday. Well and good, right?

Posted: April 2nd, 2014 in Headlines | Read More »

Century Properties bucks Okada’s termination of pact

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Kazuo Okada AP FILE PHOTO

Property developer Century Properties Group has challenged Japanese gaming magnate Kazuo Okada’s termination of an agreement for the former to be a real estate partner in the “Manila Bay Resorts” entertainment complex.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

Court grants Bloomberry petition

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Gaming firm Bloomberry Resorts Corp. has obtained a court order to protect the shares of the company that Las Vegas-based Global Gaming Philippines LLC (GGAM) had wanted to unload, pending the results of an arbitration case on their management contract dispute.

Posted: February 27th, 2014 in Headlines | Read More »

Manila’s gaming push seen to boost tourism

Manila’s tourism market is taking a decided turn away from a vanilla offering to boost visitor numbers. This Southeast Asian casino dreamscape is setting up a battle between established gaming giants and independent operators in a high stakes contest.

Posted: November 22nd, 2013 in Headlines | Read More »

Biz Buzz: Competing to do good

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When companies compete in the marketplace, it’s the consumers who benefit.

Posted: November 18th, 2013 in Editor's Pick,Headlines | 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 »

Travellers a long-term stock play, says exec

Travellers International Hotel Group Inc., which operates the Resorts World Manila gaming complex in Pasay City, declined on its first day of trading on Tuesday as the broader stock exchange index also fell.

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 »

Melco ups ante in casino, tourism venture in PH

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The group of tycoon Henry Sy and the Melco Crown group of Macau unveiled Wednesday a $1.3-billion integrated tourism and gaming venture at Pagcor Entertainment City—an estate rebranded as “City of Dreams Manila,” which is expected to open by the middle of next year.

Posted: October 10th, 2013 in Editor's Pick,Headlines | Read More »

Biz Buzz: A new Melco

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Billionaires Lawrence Ho and James Packer, the top honchos of Macau gaming giant Melco Crown, are expected to fly in Wednesday for the rebranding of the group’s gaming partnership with Belle Corp. of Henry Sy.

Posted: October 9th, 2013 in Headlines | Read More »

Travellers sets price guidance for public offering

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Resorts World Manila operator Travellers International Hotel Group Inc. is looking at a price guidance for its upcoming initial public offering at a range that will raise $458 million to $497 million in fresh fund for expansion.

Posted: October 9th, 2013 in Headlines | Read More »

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