At the forefront of development in today’s gaming industry, PLC had its beginnings in 1993 with its incorporation as Sinophil Explorations Co., Inc, a subsidiary of listed firm, Belle Corporation ("Belle"). Organized with oil and gas exploration and development in mind, the softening of investor interest in this area prompted a change in its primary purpose to that of an investment holding company in 1996.

Over the next two decades, the Corporation invested in gaming-related businesses as well as property development.

In 2014, PLC identified an opportunity that altered its direction and led to it becoming a key player in the local gaming space. Following a strategic company reorganization, the Corporation completed the acquisition of a 34.5% stake in lottery systems and equipment provider POSC, as well as Belle’s share in the City of Dreams Manila integrated resort and gaming project. In line with its new focus, PLC divested its non-gaming assets consisting of land and club shares to Belle.

To reflect the change in its business, the Corporation was renamed Premium Leisure Corp.