{"id":777033640,"date":"2025-10-24T10:14:24","date_gmt":"2025-10-24T13:14:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777033640"},"modified":"2026-04-21T17:50:46","modified_gmt":"2026-04-21T20:50:46","slug":"international-entertainment-leases-gaming-venues-to-junket-operator-to-boost-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/international-entertainment-leases-gaming-venues-to-junket-operator-to-boost-revenue","title":{"rendered":"International Entertainment revenue rises"},"content":{"rendered":"\n

International Entertainment has published its annual report.<\/p>\n\n\n\n\n\n\n\n

China.- Hong-Kong based casino operator International Entertainment Corp <\/strong>has released its annual financial report for the 12 months ending June 30, 2025, <\/strong>revealing a 146.4 per cent year-on-year increase<\/strong> in revenue to nearly HKD566.2m.<\/strong> (US$72.8m).\u00a0<\/p>\n\n\n\n

The revenue growth was largely driven by a 200.1 per cent rise<\/strong> in gaming revenue to HKD509.9m<\/strong> (US$65.6m). Ho Wong Meng, International Entertainment\u2019s chairman and CEO said the company generated new revenue streams by leasing gaming areas to a junket operator in the fiscal period.<\/p>\n\n\n\n

Despite the rise in revenue, the company reported\u00a0a widened annual loss of HKD282.1m<\/strong> (US$36.3m), compared to HKD132.0m<\/strong> (US$ 16.9m) in the previous year. This was partly due to the renovation of the company\u2019s New Coast Hotel Manila<\/strong> in the Philippines, which resulted in a temporary dip in operating capacity, and a HKD109.9m<\/strong> (US$14.1m) one-time write-off for property, plant, and equipment.<\/p>\n\n\n\n

Ho said: \u201cThese, 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.\u201d<\/p>\n\n\n\n

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)<\/strong>. <\/p>\n\n\n\n

Ho projected that the current financial year will see the phased completion of the renovation. He said: \u201cThe 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.\u201d<\/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> IEC full-year revenue rises<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

International Entertainment has published its annual report.<\/p>\n","protected":false},"author":2395,"featured_media":777033642,"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 Corp reported a 146.4% year-on-year revenue increase to HKD566.2m, primarily driven by gaming revenue, for the fiscal year ending June 30, 2025. Despite this growth, the Hong Kong-based casino operator recorded a widened annual net loss of HKD282.1m due to renovations at New Coast Hotel Manila, a significant write-off, and increased operating costs associated with assuming direct casino management under a PAGCOR licence.","focusai_entities":"International Entertainment Corp, Ho Wong Meng, Philippine Amusement and Gaming Corp, PAGCOR","focusai_location":"China, Hong Kong, Philippines, Manila","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.8), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Profitability Timeline?","query":"Given the widened net loss despite significant revenue growth, what is International Entertainment Corp's projected timeline for achieving profitability post-renovation and full operational capacity at New Coast Hotel Manila?"},{"label":"GGR\/NGR Margin Impact?","query":"How will the strategic shift to direct casino management, as opposed to the previous junket-led model, impact International Entertainment Corp's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) margins in the upcoming fiscal periods?"}],"footnotes":""},"categories":[16338,163],"tags":[29,23727,405],"class_list":["post-777033640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-international-entertainment-corp","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033640","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777033640"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033640\/revisions"}],"predecessor-version":[{"id":777033646,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033640\/revisions\/777033646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033642"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777033640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777033640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777033640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}