{"id":777038492,"date":"2026-02-26T12:15:30","date_gmt":"2026-02-26T15:15:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038492"},"modified":"2026-04-21T14:02:07","modified_gmt":"2026-04-21T17:02:07","slug":"international-entertainment-plans-july-grand-reopening-of-new-coast-hotel-manila","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/international-entertainment-plans-july-grand-reopening-of-new-coast-hotel-manila","title":{"rendered":"International Entertainment plans July reopening of New Coast Hotel Manila"},"content":{"rendered":"\n

Under a Pagcor provisional licence, the company is required to commit at least US$1bn to Manila casino and hotel operations.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- International Entertainment Corp<\/strong> has announced plans for a reopening event for the New Coast Hotel<\/strong> Manila<\/strong> in July<\/strong>. The firm took over casino operations at the establishment in May 2024 <\/strong>and has since refurbished the complex, including the casino floor and several hotel rooms.<\/p>\n\n\n\n

Under its Philippine Amusement and Gaming Corp (Pagcor)<\/strong> provisional licence, it is required to commit an investment of no less than US$1bn<\/strong> to Manila casino and hotel operations. It said: \u201cWith further facility upgrades scheduled for completion, the group anticipates a grand reopening of the hotel in July 2026<\/strong>. These enhancements are designed to elevate the overall guest experience, thereby driving higher occupancy rates and fostering sustained revenue growth across both gaming and hospitality segments in the long term.\u201d<\/p>\n\n\n\n

The update was published in interim results. For the six months ending December 31<\/strong>, the company reported revenue of HKD458.9m <\/strong>(US$58.9m), up 71.5 per cent year-on-year. Gaming revenue accounted for HKD442.5m<\/strong> (US$56.7m) of the total, rising 84.4 per cent compared with HKD240<\/strong>.0m (US$30.8m) a year earlier.<\/p>\n\n\n\n

Revenue from hotel operations totalled HKD16.5<\/strong>m (US$2.1m), a 40.4 per cent decrease from HKD27.6m <\/strong>(US$3.5m) in the same period last year. The group attributed the drop to the temporary closure of selected hotel rooms for renovation. The company\u2019s loss attributable to owners during the half-year fell to HKD85.8m<\/strong> (US$11.0m) from HKD95.0m<\/strong> (US$12.2m) in 2024.<\/p>\n\n\n\n

International Entertainment said its subsidiary, New Coast Leisure Inc<\/strong>, will pay a contractor PHP1.47bn <\/strong>(US$25.6m) for New Coast Hotel Manila\u2019s phase one renovation and construction works.<\/p>\n\n\n\n

Shareholders will today voted on an agreement with DigiPlus Interactive Corp<\/strong>, which will subscribe to up to HKD1.6bn (US$205.1m) in convertible notes, with a five-year term<\/strong> and 3 per cent<\/strong> annual interest. The notes, upon full conversion, would grant DigiPlus a 53.89 per cent stake<\/strong> in the company on an enlarged share capital.<\/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> Melco shelves City of Dreams Manila sale after strategic review<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Under a Pagcor provisional licence, the company is required to commit at least US$1bn to Manila casino and hotel operations.<\/p>\n","protected":false},"author":2395,"featured_media":777037408,"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 (IEC) is proceeding with the reopening of New Coast Hotel Manila, targeting a grand event in July 2026, following extensive renovations and a commitment of US$1bn under its Pagcor provisional licence. Concurrently, IEC reported significant gaming revenue growth for H2 2023 and is seeking shareholder approval for a HKD1.6bn convertible notes subscription by DigiPlus Interactive Corp, which could result in a 53.89% stake.","focusai_entities":"International Entertainment Corp, New Coast Hotel Manila, Philippine Amusement and Gaming Corp, Pagcor, New Coast Leisure Inc, DigiPlus Interactive Corp","focusai_location":"Manila, Hong Kong, Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Pagcor Licence Specifics?","query":"What are the specific terms and conditions of the Pagcor provisional licence beyond the US$1bn investment commitment, particularly regarding operational milestones and regulatory reporting?"},{"label":"DigiPlus Stake Impact?","query":"How will DigiPlus Interactive Corp's potential majority stake, upon full conversion of the notes, influence International Entertainment Corp's long-term strategic direction, capital allocation, and governance framework?"}],"footnotes":""},"categories":[28,16338],"tags":[24370,23727,405],"class_list":["post-777038492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-digiplus","tag-international-entertainment-corp","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038492","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=777038492"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038492\/revisions"}],"predecessor-version":[{"id":777038502,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038492\/revisions\/777038502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777037408"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}