Belle Corporation paints a rosy picture for City of Dreams in 2016

Leisure estate and gaming firm Belle Corporation remains bullish that it will continue to enjoy positive revenues in 2016 despite the bleak regional forecast for the gaming industry in Asia and stiff competition from other Manila-based casinos.

The Philippine Star reported that the City of Dreams Manila is expected to buck the downward gaming revenue trend in Asia, as it relies on the benefits of gaming promotions and full-year operations.

Belle’s vice chairman Willy Ocier did not give an exact figure or revenue percentage of their expected profit for 2016, but he said that the prospects for 2016 gaming sector are positive.

“I think we will be achieving very, very good growth. I’m not sure of the percentage but it will be a big jump (this year) because we are now fully open,” Ocier said. He also said Melco Crown’s management performance has been paying off and that the company has been able to control operational costs significantly.