Sports & Entertainment

Technology firm Pacific Online Systems Corp. has acquired a 2-percent stake in Belle Corp. for P280 million, a move that underscores continued investor interest in gaming- and leisure-linked assets.

The Philippine Sports Commission (PSC) and the Bases Conversion and Development Authority (BCDA) have sealed a landmark deal to build the John Hay Sports Center inside Camp John Hay in Baguio City, accelerating efforts to upgrade the country’s high-altitude training infrastructure.

Operations at City of Dreams Manila remain on solid footing despite uncertainty surrounding the stake of foreign partner Melco Resorts & Entertainment, according to SM Investments Corp. President and CEO Frederic C. DyBuncio.

Chairman Eusebio Tanco has tightened his grip on DigiPlus Interactive Corp., increasing his stake by 63,119,000 shares, equivalent to 1.4 percent of the company’s total issued and outstanding shares.

DigiPlus Interactive Corp. has moved closer to sealing its P12 billion investment in Hong Kong-listed International Entertainment Corp. after IEC shareholders approved the subscription agreement and related whitewash waiver in a special meeting on February 26.