{"id":777032340,"date":"2025-09-29T09:15:33","date_gmt":"2025-09-29T12:15:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777032340"},"modified":"2026-04-21T18:42:20","modified_gmt":"2026-04-21T21:42:20","slug":"iec-revenue-rises-in-fy25","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/iec-revenue-rises-in-fy25","title":{"rendered":"IEC full-year revenue rises"},"content":{"rendered":"\n

Full-year revenue rose 146 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.-\u00a0International Entertainment Corporation (IEC)<\/strong>\u00a0has shared its financial results for the financial year 2025. It’s reported revenue of HK$566.2m (US$72.5m). That’s an increase of 146 per cent in year-on-year terms. The company attributed the rise to the first full year operating its Manila casino under a provisional licence<\/a>.<\/p>\n\n\n\n

Gaming revenue<\/strong>\u00a0stood at HK$509.9m (US$65.5m), up 200 per cent from the prior year.\u00a0Hotel operations revenue <\/strong>was down 6 per cent when compared to the previous year to HK$56.2m (US$7.2m), mainly due to the renovation of hotel rooms. Gross profit almost doubled to HK$273.2m (US$35.15m), but the margin fell to 48.3 per cent due to gaming taxes and licence fees.<\/p>\n\n\n\n

IEC reported a loss attributable to its owners of HK$282.1m (US$36.3m). That compares to a HK$132m loss in the previous year. The loss per share stood at 20.61 HK cents. The company attributed this to higher staff and utility costs, increased marketing expenses, and a one-time write-off of leasehold improvements after the casino renovations. Finance costs rose to HK$91.8m because of new borrowings for operations and development.<\/p>\n\n\n

\n
\"New
New Coast Hotel Manila.<\/figcaption><\/figure>\n<\/div>\n\n\n

The company said about renovations: “The board believes that the implementation of the renovations will improve the appearance and condition of the hotel\u2019s facilities, modernise outdated amenities, enhance its overall quality and promote premium customer experiences at both the casino and the hotel. In the long term, this will increase the hotel\u2019s occupancy rates and encourage spending at the casino and the hotel. <\/p>\n\n\n\n

“Moreover, the renovation work will create additional gaming space on the ground floor of the casino. As a result, the maximum number of gaming tables will increase from approximately 80 to over 110, and the maximum number of slot machines will increase from approximately 500 to over 920 in the coming financial year. The company is optimistic that the expansion of the casino’s gaming capacity will improve the future revenue of the casino.<\/p>\n\n\n\n

It noted: “Challenges such as geopolitical tensions may impact the pace of the global economy\u2019s recovery. The group remains cautiously optimistic about the outlook of the tourism and gaming industries in the Philippines. The group will continue to focus on its business operations and investments in the Philippines, leveraging the business environment to explore potential business opportunities.”<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> SJM Holdings reportedly plans public debt offering to fund Zhuhai project<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Full-year revenue rose 146 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":777032351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"International Entertainment Corporation (IEC) reported a 146% year-on-year revenue increase to HK$566.2m for FY2025, primarily driven by its Manila casino's first full year of operation under a provisional licence. Despite significant gaming revenue growth, the company posted an increased net loss of HK$282.1m due to higher operating costs, finance charges, and a one-time write-off. IEC is strategically expanding its casino capacity and renovating its hotel, anticipating future revenue growth in the Philippines' gaming market amidst cautious optimism.","focusai_entities":"International Entertainment Corporation","focusai_location":"Hong Kong, Manila, Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), product_ux (0.7), marketing_crm (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Provisional Licence Impact?","query":"What specific regulatory conditions or limitations are imposed by IEC's provisional licence in Manila, and how might these evolve upon full licence issuance?"},{"label":"Capital Expenditure ROI?","query":"Given the increased finance costs and net loss, what is the projected return on investment and payback period for the casino expansion and hotel renovation, particularly concerning the increased gaming capacity?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24685,24926],"class_list":["post-777032340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-gaming-revenue","tag-hotel-operations-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777032340"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032340\/revisions"}],"predecessor-version":[{"id":777032356,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032340\/revisions\/777032356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777032351"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777032340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777032340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777032340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}