Belle confirms that unit is seeking gaming license

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TOURISM and leisure developer Belle Corp., a subsidiary of Sy-led SM Investments Corp. (SMIC), told the Philippine Stock Exchange on Thursday that unit Premium Leisure Corp. had applied for a gaming license.

It was responding to the bourse’s query about a report that the firm was planning to put up a casino-resort north of Manila, about which it said that “information on potential investments … are still too preliminary, especially considering that the application for license has yet to be acted on …”

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