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The Leisure and Gaming Industry Belle Corp. increased its net profit by 11% over the first six months of the year to $ 1.96 billion, mainly due to higher profits from its stake in City of Dreams Manila. Excluding the capital gains realized on the sale of non-traditional investments and exceptional items, Belle's recurring net income was $ 0.08 billion for the half-year, that is about 26% more than the recurring profit of 1.66 billion in 2017 [19659002] Belle earns mainly from City of Dreams Manila's gaming revenue and from the lease of the land and buildings making up the complex integrated into the Filipino subsidiary of Macao casino giant Melco Resorts and Entertainment Ltd. (Melco)
. investment portfolio unit, Premium Leisure Corp., cash flow as measured by earnings before interest, taxes, depreciation and amortization (Ebitda) of its share of revenues in gaming operations of City of Dreams Manila ro 42% YoY to 1.34 billion in the first six months. – DORIS DUMLAO-ABADILLA
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