International Entertainment revenue rises
International Entertainment has published its annual report.
China.- Hong-Kong based casino operator International Entertainment Corp has released its annual financial report for the 12 months ending June 30, 2025, revealing a 146.4 per cent year-on-year increase in revenue to nearly HKD566.2m. (US$72.8m).
The revenue growth was largely driven by a 200.1 per cent rise in gaming revenue to HKD509.9m (US$65.6m). Ho Wong Meng, International Entertainment’s chairman and CEO said the company generated new revenue streams by leasing gaming areas to a junket operator in the fiscal period.
Despite the rise in revenue, the company reported a widened annual loss of HKD282.1m (US$36.3m), compared to HKD132.0m (US$ 16.9m) in the previous year. This was partly due to the renovation of the company’s New Coast Hotel Manila in the Philippines, which resulted in a temporary dip in operating capacity, and a HKD109.9m (US$14.1m) one-time write-off for property, plant, and equipment.
Ho said: “These, coupled with the higher operating costs incurred, including increased staff costs, selling and marketing expenses associated with the transition to managing our own casino, led to a greater net loss of HKD282.1m.”
International Entertainment assumed management of the casino operations at New Coast Hotel Manila last May, after receiving a gaming licence from the Philippine Amusement and Gaming Corp (PAGCOR).
Ho projected that the current financial year will see the phased completion of the renovation. He said: “The expanded area for more gaming tables and slot machines will significantly enhance our gaming capacity, allowing us to accommodate a larger number of players and capture a greater share of the thriving market. We are confident that our strategic initiatives will enable us to achieve strong financial results as we resume full operational capacity.”
