{"id":91159,"date":"2017-02-25T04:43:45","date_gmt":"2017-02-25T09:43:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=91159"},"modified":"2017-02-25T04:43:45","modified_gmt":"2017-02-25T09:43:45","slug":"premium-leisures-profit-up-419-to-php-1-2b-in-2016","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/25\/premium-leisures-profit-up-419-to-php-1-2b-in-2016\/","title":{"rendered":"Premium Leisure’s profit up 419% to Php 1.2B in 2016"},"content":{"rendered":"
\"Premium<\/a>
Premium Leisure Corp. (PLC), the gaming and investment arm of SM Group, booked a 419-percent surge in profit in 2016 mainly driven by higher gaming share revenues from its integrated resort and casino City of Dreams Manila. (Photo: Tekke\/Flickr<\/a>)<\/figcaption><\/figure>\n

MANILA\u2014Premium Leisure Corp. (PLC), the gaming and investment arm of SM Group, booked a 419-percent surge in profit in 2016 mainly driven by higher gaming share revenues from its integrated resort and casino City of Dreams Manila.<\/p>\n

PLC told the local bourse its consolidated net income reached Php `1.2 billion in 2016 from Php 223.2 million the previous year.<\/p>\n

It attributed the significant growth also to the full-year consolidation of Pacific Online Systems Corp. (POSC) in 2016.<\/p>\n

PLC, formerly known as Sinophil Corp., has ownership stakes in Premium Leisure and Amusement, Inc. (PLAI) and POSC.<\/p>\n

PLAI is a co-licensee in City of Dreams Manila located within Pagcor\u2019s landmark Entertainment City and has a share in the gaming revenues of this project.<\/p>\n

City of Dreams Manila is built in partnership with MCE Leisure, a wholly-owned indirect subsidiary of Melco Crown Philippines.<\/p>\n

The integrated resort and casino commenced operation on Dec. 14, 2014 and had its grand opening in February 2015.<\/p>\n

POSC, a 50.7 percent-owned subsidiary of PLC, is engaged in the development, design, and management of lottery software and terminals for its principal client, state-run Philippine Charity Sweepstakes Office (PCSO).<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Premium Leisure Corp. (PLC), the gaming and investment arm of SM Group, booked a 419-percent surge in profit in 2016 …<\/p>\n","protected":false},"author":33,"featured_media":91160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[15751,15750],"class_list":["post-91159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-city-of-dreams-manila","tag-premium-leisure-corp","mauthors-leslie-d-venzon","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/91159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=91159"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/91159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/91160"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=91159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=91159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=91159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}