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IEC Completes Manila Casino Upgrade, Hotel Grand Reopening Set for July 2026

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Southeast Asia

13Hours ago

International Entertainment Corporation (IEC) successfully finished the ground-floor renovation of the New Coast Hotel Manila in January 2026.

The upgrade expanded gaming capacity, increasing tables to 116 and electronic gaming machines to 664. This project is part of a broader modernization strategy to meet rising demand and improve overall efficiency in the Philippine capital.


The group's gaming revenue surged by 84.4% to HK$442.5 million for the six months ending December 31, 2025. While hotel revenue dipped due to refurbishment closures, management anticipates a full recovery following the grand reopening scheduled for July 2026. The company aims to capitalize on the Philippines' growth as a regional hub, with the local market projected to reach $3.75 billion by 2033.


Strategically, the group held an EGM today (Feb 26) to vote on a HK$1.6 billion financing deal with DigiPlus Interactive Corp. These funds will support liquidity and long-term development obligations under its PAGCOR license, totaling over $1 billion.

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