{"id":8697,"date":"2025-02-20T07:59:06","date_gmt":"2025-02-20T07:59:06","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/02\/20\/iec-to-invest-25-5m-for-new-coast-hotel-manila-renovation\/"},"modified":"2025-02-20T07:59:06","modified_gmt":"2025-02-20T07:59:06","slug":"iec-to-invest-25-5m-for-new-coast-hotel-manila-renovation","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/02\/20\/iec-to-invest-25-5m-for-new-coast-hotel-manila-renovation\/","title":{"rendered":"IEC to Invest $25.5M for New Coast Hotel Manila Renovation"},"content":{"rendered":"<div>\n<p data-start=\"204\" data-end=\"512\">The Hong Kong-listed company International Entertainment Corp (IEC) has unveiled plans to renovate the <a href=\"https:\/\/igaming.org\/casino-news\/iec-begins-casino-operations-at-new-coast-hotel-manila\/\">New Coast Hotel Manila<\/a> for PHP1.47 billion ($25.5 million). The renovation will strengthen the hotel\u2019s dedication to providing first-rate hospitality and gaming experiences by updating its amenities and growing its casino.<\/p>\n<h2 data-start=\"514\" data-end=\"567\">Upgrading Facilities and Expanding Casino Space<\/h2>\n<p data-start=\"569\" data-end=\"793\">IEC\u2019s subsidiary, New Coast Leisure Inc., signed a construction agreement with Kimberland Construction Inc. on February 14. The renovation will revamp interior designs, upgrade utility systems, and enhance safety measures.<\/p>\n<p data-start=\"795\" data-end=\"1097\"><em>\u201cThe board considers that the implementation of the construction work will improve the appearance and condition of hotel facilities, modernize outdated amenities, enhance the overall quality of the hotel, and promote premium customer experiences at both the casino and hotel,\u201d<\/em> IEC stated in a filing.<\/p>\n<p data-start=\"1099\" data-end=\"1292\">A key part of the plan includes expanding the casino\u2019s gaming area. The number of gaming tables will increase from 80 to 110, while slot machines will grow from approximately 500 to over 920.<\/p>\n<p data-start=\"1294\" data-end=\"1436\"><em>\u201cThe company is optimistic that the enlargement in gaming capacity of the casino will improve the future revenue of the casino,\u201d<\/em> IEC stated.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In May 2024, IEC took over management of the casino at the New Coast Hotel Manila, using a temporary gaming license issued by the Philippine Amusement and Gaming Corp (PAGCOR). Its overarching goal of forging a significant footprint in the gaming industry is in line with this remodeling.<\/p>\n<p>After reaching a deal with PAGCOR, IEC previously announced a $1 billion to $1.2 billion investment plan to build an integrated resort in Manila.<\/p>\n<p>Even though IEC reported a loss of HKD132.0 million ($17.0 million) for the fiscal year that ended on June 30, 2024, IEC is still optimistic that these improvements would lead to sustained revenue growth. The corporation wants to draw more guests and strengthen its position in Manila\u2019s cutthroat hospitality and gambling industry with improved amenities and a bigger casino floor.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/iec-to-invest-25-5m-for-new-coast-hotel-manila-renovation\/\">IEC to Invest $25.5M for New Coast Hotel Manila Renovation<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong-listed company International Entertainment Corp (IEC) has unveiled plans to renovate the New Coast Hotel Manila for PHP1.47 billion ($25.5 million). The renovation will strengthen the hotel\u2019s dedication to providing first-rate hospitality and gaming experiences by updating its amenities and growing its casino. Upgrading Facilities and Expanding Casino Space IEC\u2019s subsidiary, New Coast [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8697","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8697"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8697\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}