IEC posts 61% gaming revenue rise, online launch imminent

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What happened

International Entertainment Corp (IEC), the Hong Kong-listed operator behind the LaVie casino at Manila Bay, reported results for the 12 months to June 30, 2026. Gaming revenue rose 61% year-on-year. Group-wide revenue climbed 50.6% to HKD852.5 million (approximately USD109 million). The net loss widened to HKD486.4 million (USD62 million), up from HKD282.1 million in the prior year.

Simultaneously, IEC confirmed it is preparing to launch an online gaming business in the Philippines.

Why it matters

The revenue trajectory is the signal here. A 61% jump in gaming revenue at a single property reflects genuine demand recovery and the direct effect of the LaVie expansion. The wider loss is a function of the capital and operating costs that accompanied that expansion, not a sign that the underlying business is deteriorating.

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Sources: ASGAM

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