IEC Boosts Manila Resort Renovation with Additional Investment

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International Entertainment Corporation has committed another PHP566.95 million, or about US$9.23 million, to advance the redevelopment of New Coast Hotel Manila and LaVie Resort & Casino Manila. 

Key Takeaways:
  • IEC invests another PHP566.95 million to upgrade New Coast Hotel Manila and LaVie Resort & Casino Manila
  • Renovation includes façade lighting, room refurbishments, and infrastructure upgrades scheduled for completion before year-end
  • The broader redevelopment aims to expand gaming capacity and facilitate a full integrated resort opening in July

This extended a renovation program that has already topped PHP3 billion in the past 15 months. 

According to Asia Gaming Brief, the latest work was awarded on May 28 to Kimberland Construction Inc. through IEC subsidiary New Coast Leisure Inc.

Upgrading a Manila Bay Asset

The new package covers façade lighting, an LED display for the Pedro Gil canopy, window replacements, landscaping, and broad room-and-common-area refurbishments. 

IEC also plans upgrades to air-conditioning, plumbing, electrical, fire protection, ceilings, flooring, walls, cabinets, and chandeliers, with completion targeted before year-end. 

The company said, per World Casino Directory: “The Group has planned to carry out a series of renovation work at the hotel with a view to maintaining the hotel in good service and condition, and upgrading infrastructures and facilities of the hotel to complement the operation of the casino.”

Broader Redevelopment Remains on Track

The contract follows two earlier phases with the same builder, including a PHP1.47 billion package in February 2025 and a PHP1.05 billion phase in May 2025. Those works have expanded gaming capacity and improved the property’s appeal as IEC moves toward its goal of converting the site into a full integrated resort under a provisional PAGCOR license. 

IEC has also said it is aiming for a grand reopening in July, while a separate convertible note deal with DigiPlus Interactive remains a key part of the company’s financing and ownership reshuffle.