International Entertainment Corporation (IEC) has reported a 50.6% year-over-year increase in revenue to approximately HK$852.5m for Fiscal Year 2026, which ended June 30. The growth was supported by the expansion of gaming operations at Manila’s LaVie Resort & Casino.
Gaming revenue rose 60.7% to HK$819.4m. Meanwhile, hotel revenue fell to HK$33.1m from HK$56.2m due to the temporary closure of certain rooms for renovations. Gross profit increased 66.4% to approximately HK$454.6m, supported by higher gaming revenue from both its land-based casino operations and its gaming platform services provided to other licensed gaming operators. Gross profit margin also rose to 53.3% from 48.3%.
Still, IEC’s loss for the period widened to HK$486.4m, nearly doubling from a year earlier. The company credited the increase mainly to a HK$1.6bn non-cash fair value loss on subscription notes issued to DigiPlus Entertainment Corp earlier this year. The notes have yet to be converted but would give DigiPlus a controlling 53.89% stake in IEC if exercised.
International Entertainment Corporation FY 26 results (in HK$m)
IEC also cited higher selling and marketing expenses as another factor weighing on earnings, reflecting increased promotional campaigns aimed at strengthening the competitiveness and appeal of its casino business.
The results come just weeks after IEC expanded its presence in the Philippines’ online gaming market. In June, its indirect subsidiary, New Coast Leisure Inc., entered into an agreement with the DigiPlus subsidiary, Total Gamezone Xtreme, to integrate and operate approved online gaming content through the platform connected to LaVie Resort & Casino Manila.
Under the partnership, New Coast Leisure will retain responsibility for regulatory compliance and maintaining its PAGCOR online gaming licence, while DigiPlus will provide the gaming software, systems and content aggregation services.
Philippine gaming GGR declined 20.33% year-on-year to PHP 88.13bn (US$1.41bn) for Q2
