International Entertainment expects HK$500m FY2026 loss despite gaming growth
Non-cash accounting charges and higher marketing spending weighed on annual results despite improving gaming operations.
2 min read • Aug 24 • By
Keih Ma
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GR8_TECH
Linebet
Bally’s Intralot
BetConstruct
Z-Gaming
GammaStack
OMNIPLAY
Logifuture
GammaSweep
Euro Games Technology
Makeberry Affiliates
1spin4win
bet365 Partners
Galaxsys
ReferOn
ONLYPLAY
GammaPlus
N1 Partners
DYG
AMATIC Online
Vegangster
Imagine Live
SmartSoft
JDB Gaming
DATA.BET
Non-cash accounting charges and higher marketing spending weighed on annual results despite improving gaming operations.
Casino and gambling tax revenue declined in the first half of 2026, but the government expects stronger collections by year-end.
Revenue climbed in the H1 of 2026, but profits fell as the group absorbed ramp-up costs and softer consumer demand.
The group grew EBITDA before special items by 20%, while North America's shift toward revenue share, talent-led media and prediction markets lifted its regional margin from 5% to 26%.
Driven by domestic tourism, Ras Al Khaimah recorded its strongest first half on record despite regional travel disruption.
The affiliate reduced operating costs as its Nordic media products helped lift the adjusted EBITDA margin to 24.0%.
Casino NGR increased by 15% and Danish subsidiary 25Syv grew by 19%, partly offsetting declines across ATG’s core Swedish betting operations.
Keno EBITDA increased 6.2%, while the digital share of eligible lottery turnover reached 46.6% during FY26.
After a period of rapid growth, the Philippine online gaming industry is now tightening under new restrictions, as well as economic and political pressures.
Retail revenue dropped 97% to a reported figure of $0 during Q2 for BetMGM... begging the question: what happens next?