Belle Corp raises 13% stake in gaming revenue in 9M2026
Gaming share reached Php1.48B (US$23.2M); consolidated net profit up 22% to September
Key Takeaways
- Belle Corp’s share of gaming revenue from City of Dreams Manila rose 13% to Php1.48 billion (US$23.2M) in the first nine months of 2026.
- Consolidated net profit was Php1.66 billion (US$26M), a 22% year‑on‑year increase to 30 September 2026.
- Consolidated revenues grew 11% to Php4.32 billion (US$67.8M) for the nine months, and lease income rose 2% to Php2.22 billion (US$34.8M).
- Melco Resorts and Entertainment (Philippines) Corporation paid Php1.77 billion (US$27.7M) in rent for use of City of Dreams Corporation’s property.
Belle Corporation reported that in the first nine months of 2026 its share of gaming revenue from City of Dreams Manila increased by 13% year‑on‑year to Php1.48 mil millones (US$23.2 millones). The rise in gaming revenue contributed to a consolidated net result of Php1.66 mil millones (US$26 millones), up 22% year‑on‑year to 30 September 2026.
Quarterly and by-category detail
In Q3 2026 the gaming-revenue share was Php530 millones (US$11.8 millones), a figure 2.3% lower than the same quarter in 2025 but 13.4% higher than the prior quarter, when it was Php467.2 millones (US$7.3 millones).
Consolidated revenue rose 11% to Php4.32 mil millones (US$67.8 millones) in the nine months. Lease income increased 2% year‑on‑year to Php2.22 mil millones (US$34.8 millones). Of the total lease, Melco Resorts and Entertainment (Philippines) Corporation paid Php1.77 mil millones (US$27.7 millones) for use of the property owned by City of Dreams Corporation.
Belle Corp. manages the relationship with Melco through its subsidiary Premium Leisure Corporation, which participates in the integrated resort and receives a portion of gaming revenue and rents. In the first quarter the company recorded a revenue increase of 12% (US$10.48 million) and total earnings of US$7.98 million.
Projects and licences
Belle Corp. plans to develop a second integrated resort in the Clark Freeport Zone and has obtained a provisional licence from PAGCOR for the project, with Melco among the foreign operators reported to be negotiating casino management.
Frequently Asked Questions
How much was Belle Corp’s share of gaming revenue in 9M2026?
The company’s share of gaming revenue reached Php1.48 billion (US$23.2 million) in the first nine months of 2026, a 13% increase versus the same period in 2025.
What impact did this have on Belle Corp’s consolidated net profit?
Consolidated net profit was Php1.66 billion (US$26 million), representing a 22% year‑on‑year increase to 30 September 2026.
How did the company perform in Q3 2026?
In Q3 2026 the gaming-revenue share was Php530 million (US$11.8 million), 2.3% lower than Q3 2025 but 13.4% higher than the previous quarter (Php467.2 million/US$7.3 million).
How much of the lease income came from Melco?
Melco Resorts and Entertainment (Philippines) Corporation paid Php1.77 billion (US$27.7 million) in rent, included in total lease income of Php2.22 billion (US$34.8 million).
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About the author
Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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