Belle Corp’s 2020 income from gaming revenue fell 78.7 percent year-on-year, the firm said in a Tuesday filing to the Philippine Stock Exchange. The group has an interest in the gaming business of the City of Dreams (CoD) Manila casino resort (pictured), operated in the Philippine capital by a unit of Melco Resorts and Entertainment Ltd. Such gaming revenue accruing to Belle Corp in 2020 was PHP635.2 million (US$13.2 million), versus PHP2.97 billion in 2019. “The effects of the Covid-19 pandemic began with declining tourist arrivals” to the country – a target market for City of Dreams Manila – “prior to the implementation of the community quarantines nationwide,” said Belle Corp in its annual report.