Henry Sy's Belle Corp launches casino equity deal

The Philippines' richest man seeks to unlock value through an asset injection and secondary share sale.

SM Investments subsidiary, Belle Corp began pre-marketing a Ps 8.7 billion ($200 million) divestment of stock in its subsidiary, Premium Leisure Corp on Tuesday. The group hopes the deal will ride on the back of strong momentum in Filipino equities and raise the profile of the company's gaming assets ahead of this autumn's opening of its first major project, City of Dreams.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media