Premium Leisure Corp. Reported a PHP 2,941 Million Consolidated Revenues in 2023, Up 41%

Premium Leisure Corp. (PLC) grew its consolidated revenues to PHP 2,941 million for the fiscal year ending 2023, up 41% from PHP 2,080 million in 2022. PLC's high topline resulted in consolidated net income of PHP 2,324 million in 2023, up 85% from PHP 1,256 million in 2022.

The company's gaming income share from its wholly owned subsidiary, PremiumLeisure & Amusement, Inc., increased by 50% to PHP 2,339 million in 2023 from PHP 1,561 million in 2022, owing to greatly improved mass and VIP operations at City of Dreams Manila.

Meanwhile, Pacific Online Systems Corporation, PLC's majority-owned subsidiary, generated strong results, reporting a net income of PHP 275 million in 2023, 44% more than PHP 191 million in 2022.

Premium Leisure Corp. (PLC) is a Philippine-based investment holding company that operates in the gaming industry.
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Through its partnership with Melco Resorts and Entertainment (Philippines) Corporation, PLC has an interest in the development of City of Dreams Manila, an integrated entertainment and gaming complex located at the Philippine Amusement and Gaming Corporation (PAGCOR) Entertainment City in Parañaque City.
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PLC owns a 50.1% share in Pacific Online Systems Corporation, a publicly traded firm that supplies lottery software and equipment to the Philippine Charity Sweepstakes Office, the government organization responsible for lottery operations in the country.