Premium Leisure Corp. (PLC) is an investment holding company that participates in gaming-related businesses in the Philippines.
Through its partnership with Melco Resorts and Entertainment, a leading developer and operator of integrated gaming resorts in Macau, PLC has an interest in the development of City of Dreams Manila, an integrated entertainment and gaming complex located at the PAGCOR Entertainment City in Parañaque. The Entertainment City is a project of the Philippine Amusement and Gaming Corporation (PAGCOR), the government agency that regulates integrated casino resort operations in the country. The PAGCOR Entertainment City aims to boost tourist arrivals and spur employment opportunities in the country.
PLC also owns a 50.1% stake in Pacific Online Systems Corporation (POSC), a publicly listed company that provides lottery software and equipment to the Philippine Charity Sweepstakes Office (PCSO), the government entity that runs lottery operations in the country. POSC brokers technology from leading global suppliers of integrated gaming systems and leases these products to PCSO. Pacific Online enables the PCSO to distribute its lottery products nationwide.
As a publicly traded company, PLC intends to expand the breadth of its current businesses and seeks potential investments in the gaming space. The company supports tourism and job creation efforts as a means of not only helping its immediate communtities, but also extending these efforts towards building the nation.