Philippines real estate firm Belle Corp, a partner with Melco Resorts & Entertainment in City of Dreams Manila, saw its share of gaming revenue from the venue increase by 23% year-on-year to Php952.9 million (US$15.5 million) in 1H26, accelerated by a second quarter push in which revenue grew 37.5% to Php467.2 million (US$7.6 million).
The increase drove consolidated net income by 22% to Php976.8 million (US$15.9 million), with consolidated revenue rising 10% to Php2.73 billion (US$44.5 million).
Lease income from Melco Resorts and Entertainment (Philippines) Corporation for use of the property held steady at Php1.17 billion (US$19.1 million), while gaming equipment rental was unchanged at Php258.9 million (US$4.2 million) in both periods.
Belle Corp is a partner of Melco in City of Dreams Manila by virtue of owning the land upon which the integrated resort is located, taking in a share of revenue while also receiving a regular rental fee for use of the land.
The company has made clear its interest in developing a second integrated resort in Clark Freeport Zone, having secured a provisional PAGCOR license for the project.
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