Slot numbers to increase from 500 to over 920 over the coming year
Manila operator International Entertainment Corp saw a 200 per cent increase in revenues at its New Coast Hotel Manila in 2025, reaching HK$509.9m for the year
Benefiting from the sustained robust growth of the Philippine casino gaming industry and the group’s assumption of the casino operation in May 2024. The increase was primarily due to the recognition of gross gaming revenue under the Provisional License versus the sharing of net gaming revenue prior to the takeover of casino operation in May 2024.
International Entertainment Corp will spend up to USD1.2bn upgrading its infrastructure and facilities to complement the New Coast’s casino’s operations. The casino itself will its number of gaming tables increase from 80 to over 110, and the maximum number of slot machines will increase from approximately 500 to over 920 in the coming financial year. The company said it was ‘optimistic that the expansion of the casino’s gaming capacity will improve the future revenue of the casino.’
The operator said: “The Board believes that the implementation of the renovations will improve the appearance and condition of the hotel’s facilities, modernise outdated amenities, enhance its overall quality and promote premium customer experiences at both the casino and the hotel. In the long-term, this will increase the hotel’s occupancy rates and encourage spending at the casino and the hotel. Moreover, the renovation work will create additional gaming space on the ground floor of the casino.”
However, due to the temporary closure of certain hotel rooms for renovation during the year, the group’s hotel operation revenue for the Year was approximately HK$56.2m, a slight decrease of six per cent.
The operator said: “The company is optimistic that the expansion of the casino’s gaming capacity will improve the future revenue of the casino. The casino gambling market in the Philippines is projected to reach USD3,749.4m by 2033, growing at a compound annual growth rate of 9.2 per cent from 2023 to 2033. This trend has been further fueled by the increasing use of social media marketing by casino operators. This marketing is attracting and engaging customers by positioning casino gaming as a status symbol for high-income individuals, thereby contributing to the continuous expansion of the market.
“The growth of the Philippine casino gambling market can also be attributed to the increasing popularity of integrated resorts, which offer a wide range of gaming options and non-gaming amenities, attracting both local and foreign tourists. During the Year, various supportive government policies aimed at boosting the tourism industry led to the Philippines being increasingly recognised as a premier destination for international tourists.” According to the Department of Tourism and information released by PAGCOR, the tourism sector is projected to generate PHP2.7 trillion for the Philippine economy in 2025, compared with PHP2.35 trillion in 2024. “
“With the government’s economic support policies, the growth momentum of the gaming and tourism industries is expected to continue, potentially even surpassing other Asian countries in the near term. The Directors believe that the influx of tourists to the Philippines will boost the economy and benefit the gaming and entertainment industry.”
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Slot numbers to increase from 500 to over 920 over the coming year Manila operator International Entertainment Corp saw a 200 per cent increase in revenues at its New Coast Hotel Manila in 2025, reaching HK$509.9m for the year Benefiting from the sustained robust growth of the Philippine casino gaming industry and the group’s assumption…
The post International Entertainment Corp sees 200 per cent revenue increase from its New Coast casino appeared first on G3 Newswire.