Premium Leisure Corp. sees 50% increase in gaming revenue last year 

Philippines-headquartered integrated resort, casino, and lottery company Premium Leisure Corp. (PLC) has recorded an impressive growth in 2023.

According to its latest release, the outstanding performance of PLC's gaming revenue share, through its wholly-owned subsidiary PremiumLeisure & Amusement, Inc. (PLAI), was a major contributor to the Company's overall success in 2023. 
PLC is an investor in the City of Dreams Manila; its gaming revenue share saw a 50 percent increase in 2023, reaching PHP2.34 billion ($42 million) compared to PHP1.56 billion ($28 million) in 2022.
Regarding consolidated revenues, the PLC saw 41 percent of growth in its consolidated revenues for 2023, totaling PHP2.94 billion ($52 million), compared to the previous year's PHP 2.08 billion ($37 million). 
This surge in performance translated into a consolidated net income of PHP2.33 billion ($42 million) in 2023, reflecting an 85 percent rise from the net income of PHP1.26 billion ($22 million) in 2022. 
The company’s press release notes that the substantial growth in revenue and income highlights its ‘strong financial performance’ and ‘successful strategies in navigating the market landscape’.
Additionally, Pacific Online Systems Corporation (POSC), a majority-owned subsidiary of PLC, also delivered impressive results in 2023. The company generated a gross revenue of PHP601 million ($10.7 million) from their Equipment Rental and Commission Income, marking a 16 percent increase from the PHP519 million ($9.3 million) revenue in 2022. 
PLC’s operating EBITDA for 2023 is PHP2.25 billion ($40 million), up 59 percent from the EBITDA of PHP1.41 billion the previous year.

Philippines Latest news Gaming revenue Premium Leisure Corp. PLC

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings