Higher gaming revenues from City of Dreams Manila buoy earnings of Sy-led Premium Leisure

Premium Leisure Corp. (PLC), a subsidiary of gaming and leisure development firm Belle Corp., saw its earnings surge 47 percent to P836.9 million in the first half as revenues jumped.

In a financial report filed with securities regulators, PLC said revenues grew 18 percent to P1.19 billion, largely due to more robust economic activities this year despite the continuing effects of the COVID-19 pandemic in the country.

PLC’s share in the gaming revenues of City of Dreams Manila increased by 20 percent to P970.6 million, driven by the gradual improvement in the casino operations and easing of quarantine restrictions.

Despite the termination of KENO operations last April 1, lease revenues of Pacific Online Systems Corp. went up seven percent to P218.9 million due to higher lotto sales.

POSC’s operating expenses also decreased by 22 percent to P147.2 million due to cost efficiency measures put in place.

Maynilad fined P9.26M over water service interruptions

West zone concessionaire Maynilad Water Services Inc. of Manuel V. Pangilinan-led Metro Pacific Investments Corp., has been fined P9.26 million by the Metropolitan Waterworks and Sewerage System (MWSS) for prolonged water service interruptions.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.