Belle Corp reported revenue of Php1.42 billion for the three months to 31 March 2026, up 9% year on year, in a filing with the Philippine Stock Exchange. Its share of gaming revenue from City of Dreams Manila rose 12% to Php486 million, while land and building lease revenue remained at Php588 million.
Belle’s results give investors an update on gaming and property income linked to City of Dreams Manila.
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Melco Resorts appointed Mark Tricano as senior vice-president and property president of City of Dreams Manila, effective from mid-September. He will replace Geoff Andres, who is retiring and returning to the United States to join his family, Melco said.
Entertainment City integrated resorts in Metro Manila generated more than PHP37.47 billion in gross gaming revenue in the three months to 31 March 2026, according to PAGCOR data. The total fell 11.1% year on year, while electronic gaming revenue across the Philippines declined 22.4% to PHP39.90 billion.
Melco Resorts & Entertainment has ended its review of strategic alternatives and will not sell its 50% stake in City of Dreams Manila, chief executive Lawrence Ho said. The company said it may reassess the position in future; Manila’s gross gaming revenue at the resort fell 26% in the December quarter of 2025.
Melco Resorts could raise close to $600 million by selling City of Dreams Manila, according to analyst David Bain. The company said its strategic review of the property was advancing in May, but no transaction had been announced in the report.
Melco Resorts & Entertainment reported operating revenue of US$4.64 billion in 2025, up 11.3% year on year, following 22.9% growth to US$3.78 billion in 2024. The company operates City of Dreams, Studio City and Altira in Macau, and recently opened the REM hotel brand at City of Dreams while upgrading its gaming and retail areas.
Operating revenue grew 11.3% to US$4.64 billion in 2025, after increasing 22.9% to US$3.78 billion in 2024, according to the profile. Ho had previously overhauled his management and executive team to address underperformance at the Macau resorts, particularly City of Dreams.