Hong Kong-listed International Entertainment Corporation is looking to enter the Philippines’ online gaming market.
The Philippines.- International Entertainment Corporation (IEC) says it has identified a potential operator partner for its planned entry into the Philippines’ online gaming market. According to a company filing, the group is currently in negotiations but no binding agreement has been reached.
IEC’s subsidiary, New Coast Leisure Inc., secured a Philippines Electronic (e-Casino) Games Operator licence in February 2025. It’s since been carrying out feasibility studies and exploring opportunities as it looks to expand beyond its established land-based casino operations in Manila.
As part of its due diligence process, IEC has engaged a Philippine legal adviser to evaluate whether the proposed operations comply with local regulations. In parallel, an international audit firm has been appointed to review internal control systems, including anti-money laundering measures. These assessments remain ongoing.
The company noted that any move into online gaming will depend on meeting regulatory requirements as well as Hong Kong listing rules.
Hong Kong-listed International Entertainment Corporation is looking to enter the Philippines’ online gaming market. The Philippines.- International Entertainment Corporation (IEC) says it has identified a potential operator partner for its planned entry into the Philippines’ online gaming market. According to a company filing, the group is currently in negotiations but no binding agreement has been…
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