The company’s business is primarily the involvement in or the acquisition of investments. In June 2014, the company repositioned itself as a gaming-focused investment company through the acquisition of PremiumLeisure and Amusement, Inc. (PLAI), and a 50.1% stake in Pacific Online Systems Corporation (POSC) from Premium Leisure Corp.’s (PLC) parent company, Belle Corporation.
As a result, PLC is well positioned to benefit from the anticipated growth of the gaming industry in the Philippines.
PremiumLeisure and Amusement, Inc. (PLAI)
PremiumLeisure and Amusement, Inc. (PLAI) is a wholly owned subsidiary of PLC. PLAI is a co-licensee in City of Dreams Manila, the integrated resort and casino project within the PAGCOR Entertainment City, and has a share in the revenues of this project. City of Dreams Manila is built in partnership with MCE Leisure, a wholly owned indirect subsidiary of Melco Resorts and Entertainment (Philippines) Corporation. City of Dreams Manila has officially opened on February 02, 2015.
Pacific Online Systems Corporation
In June 2014, PLC acquired a 50.1% stake in Pacific Online Systems Corporation (POSC) from Belle Corporation. POSC is engaged in the development, design, and management of lottery software and terminals for its principal client, state-run Philippine Charity Sweepstakes Office (PCSO).
POSC was incorporated in November 1993. In 1995, POSC entered into an Equipment Lease Agreement (ELA) with the PCSO for the latter’s lotto operations in the Visayas and Mindanao regions. POSC also distributes PCSO’s other lottery products, such as Scratch-It tickets and Keno, nationwide.
POSC maintains partnerships with globally recognized providers of lotto systems — Scientific Games International (SGI) and Intralot — in providing the PCSO both technical and market expertise for the distribution of lottery products in the country.