Premium Leisure Corp revenue up 41% in 2023

The company posted a consolidated revenue of PHP2.94bn (US$52.5m).

The Philippines.- Premium Leisure Corp, the operator of City of Dreams Manila, has shared its financial results for the year 2023. Revenue was up 41 per cent year-on-year to PHP2.33bn (US$41.6m). Net income was PHP2.33bn (US$41.6m), up 85 per cent.

The company’s gaming revenue share through its wholly owned subsidiary Premium Leisure & Amusement was up 50 per cent year-on-year at PHP2.33m (US$41.8m) due to enhanced mass and VIP operations at City of Dreams Manila. Meanwhile, Premium Leisure Corp’s online subsidiary, Pacific Online Systems Corp, achieved net income of PHP275m in 2023, up 44 per cent.

The operating EBITDA PLC for 2023 was PHP2.25bn (US$40m), up 59 per cent over the previous year’s PHP1.41bn.