Belle Awaits Clearer Rules Ahead of Online Gaming Push

Belle Corp., one of the portfolio investments of SM Investments Corp., is awaiting clearer government regulations before proceeding with its entry into online gaming.

- By Richmond Mercurio

SM Investments president and CEO Frederic DyBuncio said that Belle is thinking of setting up its own online gaming, but it has been put on a pause to see first what happens with the regulations.

He said that Belle holds a Philippine Inland Gaming Operator or PIGO license as part of its physical license.

"That's something which we are looking at. We wanted to wait and see first how the regulations will affect us," DyBuncio said.

"But we're hopeful that the regulations will help us, moving forward, and go back to the physical gaming," he said.

The company continues to explore and pursue related ventures and high-growth opportunities in the gaming space that will enhance shareholder value.

Belle is a co-licensee and owner of the land where City of Dreams is located.