{"id":777042890,"date":"2026-05-29T08:52:31","date_gmt":"2026-05-29T11:52:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777042890"},"modified":"2026-05-29T09:21:18","modified_gmt":"2026-05-29T12:21:18","slug":"international-entertainment-signs-us9-7m-construction-deal-for-manila-casino-hotel-upgrade","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/international-entertainment-signs-us9-7m-construction-deal-for-manila-casino-hotel-upgrade","title":{"rendered":"International Entertainment signs US$9.7m construction deal for Manila casino hotel upgrade"},"content":{"rendered":"\n

The company continues redevelopment works at its New Coast Hotel Manila property.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- International Entertainment Corporation (IEC) has signed a new construction contract worth PHP566.95m (US$9.7m)<\/strong> for renovation works at its New Coast Hotel Manila<\/a>. The renovations are expected to be completed by the end of 2026.<\/p>\n\n\n\n

According to a filing submitted to the Hong Kong Stock Exchange, the company\u2019s indirect wholly-owned subsidiary, New Coast Leisure Inc. (NCLI)<\/strong>, entered into contract with local contractor Kimberland Construction <\/strong>on May 28. The contract covers additional renovation and fitting-out works at the property, including fa\u00e7ade lighting, installation of an LED screen for the Pedro Gil canopy, exterior glass replacement, landscaping works, and upgrades to guest rooms and common areas, including ceilings, flooring, plumbing, electrical, fire protection and air-conditioning systems.<\/p>\n\n\n\n

The firm took over casino operations at the hotel in\u00a0May 2024\u00a0<\/strong>and has since refurbished the casino floor and several hotel rooms. Under its\u00a0Philippine Amusement and Gaming Corp (PAGCOR)<\/strong>\u00a0provisional licence, it is required to commit an investment of\u00a0no less than US$1bn<\/strong>\u00a0to Manila casino and hotel operations.<\/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> S&P revises Universal Entertainment outlook amid challenges at Okada Manila<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The company continues redevelopment works at its New Coast Hotel Manila property.<\/p>\n","protected":false},"author":226,"featured_media":16832,"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) has committed PHP566.95m (US$9.7m) to further renovation works at its New Coast Hotel Manila, with completion slated for late 2026. This investment aligns with its PAGCOR provisional license requirement for a US$1bn commitment to Manila casino and hotel operations, following its recent takeover and refurbishment of the property's casino floor.","focusai_entities":"International Entertainment Corporation (IEC), New Coast Hotel Manila, New Coast Leisure Inc. (NCLI), Kimberland Construction, Philippine Amusement and Gaming Corp (PAGCOR), Hong Kong Stock Exchange","focusai_location":"Philippines, Manila, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAGCOR Investment Compliance?","query":"How does this PHP566.95m renovation contract contribute to IEC's mandated US$1bn investment commitment under its PAGCOR provisional license, and what is the remaining capital expenditure required?"},{"label":"Market Impact Analysis?","query":"What are the projected operational and financial impacts of these extensive renovations on New Coast Hotel Manila's GGR and NGR, and how might this affect the competitive landscape in the Manila integrated resort market?"}],"footnotes":""},"categories":[157,16333],"tags":[29],"class_list":["post-777042890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777042890","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777042890"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777042890\/revisions"}],"predecessor-version":[{"id":777042909,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777042890\/revisions\/777042909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16832"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777042890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777042890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777042890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}