Weak game earnings weigh on Belle profit

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TOURISM and leisure developer Belle Corp., a subsidiary of Sy-led SM Investments Corp., said net income for the first nine months of 2024 had fallen 22.2 percent, to P1.53 billion from P1.97 billion in the same period last year, due to the weaker performance of the gaming segment.

“The decrease in bottom line is mainly attributed to lower revenues from the gaming business units,” Belle said its quarterly report filed last week.

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