Belle Corporation (BEL) Stock Price

1.49%
Price Data
₱2.04
₱2.08
₱2.03
₱2.79
₱1.14
Market Data
₱744,810
₱19.78 Billion
11.33
₱0.180
₱3.73

Company Profile
Belle Corporation (BEL) was originally incorporated in 1973 as Belle Mining and Oil Exploration, Incorporated (Belle Resources). In 1989, Belle Resources developed a golf club named Tagaytay Highlands International Golf Club, Incorporated, which became its initial foray into the property development sector. Thereafter, Belle Resources changed its name to the present one in 1994 to underscore the shift in its principal activity. The business of BEL, through subsidiaries and associates, include mainly real estate development, principally in the high-end leisure property market, gaming and various investment holdings. On April 14, 2011, BEL acquired Premium Leisure & Amusement, Inc. (PLAI). PLAI is a grantee by the Philippine Amusement and Gaming Corporation of a license to operate integrated resorts, including casinos, in the vicinity of the Bagong Nayong Pilipino Manila Bay Entertainment City and the Newport City Integrated Resort. In October 2012, BEL and PLAI entered into a cooperation agreement with Melco Crown Entertainment Limited and its Philippine affiliates (MCE), which placed BEL as a co-licensee and the owner of the land and buildings and MCE as a co-licensee and developer and operator of all the facilities within the resort complex effective March 13, 2013. A year later, MCE unveiled plans to name the integrated resort "City of Dreams Manila" after its flagship City of Dreams integrated resort in Macau's Cotai Strip. City of Dreams Manila was launched on February 2, 2015. The Company's other subsidiaries engaged in gaming and gaming-related activities are Premium Leisure Corp. and Pacific Online Systems Corporation. Source: SEC Form 17-A (2022)
Stock Information
Sector
Services
Subsector
Casinos & Gaming
Outstanding Shares
9,696,464,297
Share Type
Common
ISIN
PHY0775S1043
1000