Vibrant gambling activity in City of Dreams has lifted the consolidated net income of Philippine-listed gaming and property firm Belle Corporation by 13 percent in 2017.

In a disclosure to the Philippine Stock Exchange, Belle reported that its consolidated net income grew to PHP3.5 billion ($67.5 million) last year, compared to P3.1 billion ($59.67 million) in 2016.

Excluding capital gains on sales of non-core investments and non-recurring items, Belle’s recurring net income jumped 58 percent to PHP3.3 billion ($63.52 million) for 2017, compared to its recurring net income of P2.1 billion ($40.43 million) for 2016.

Belle’s principal assets include land and buildings located at the Philippine Amusement and Gaming Corporation’s Entertainment City in Paranaque City, which are being leased on a long-term basis to Melco Resorts & Entertainment.