International Entertainment Corporation revenue surges 200%, losses deepen

International Entertainment Corporation reported a substantial increase in total revenue for the year ended June 30, 2025, reaching HK$566,159,000, up from HK$229,786,000 in the previous year. This 200% growth was primarily driven by its gaming operations under a provisional license in the Philippines, which contributed HK$509,948,000. Despite this, the company's loss attributable to owners deepened to HK$282,145,000 from HK$131,964,000 in 2024, influenced by higher gaming tax and licensing fees, and a one-off HK$82,638,000 loss from property, plant, and equipment write-offs due to casino renovations.

In parallel with its financial announcements, the company also reported a change in its board of directors. Effective September 26, 2025, Mr. Luk Ching Kwan Corio was appointed as an independent non-executive director, while Mr. Lau Ka Ho resigned. Mr. Luk will also assume the role of chairman of the Remuneration Committee and a member of the Audit Committee. His appointment aims to provide strong leadership as the group focuses on business expansion and maintaining liquidity.

The group's strategy includes further renovations and expansion of gaming capacity at its hotel and casino complex in Manila, with an investment commitment of no less than $1.0 billion. The board does not recommend a final dividend for the year ended June 30, 2025.