Wire · operational-macro
Non-cash charge sees Hong Kong's IEC issue FY26 profit warning on expected US$64 million loss
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Fusion42 · 23 August 2026 · Fusion42 review
Hong Kong-listed International Entertainment Corp (IEC), parent of LaVie Resort & Casino in Manila, issued a profit warning for FY26 expecting a US$64 million loss mainly due to a non-cash fair value adjustment on convertible notes linked to Philippines online gaming giant DigiPlus Interactive Corp. DigiPlus holds convertible notes that could give it a controlling 53.89% stake in IEC and LaVie, aligning with plans to launch a new online gaming business tied to the casino.
This Wire brief sits within Fusion42's coverage of Gaming & Casinos.
◆ ◆ The Wire takeaway
Your exposure to regional casino finance just widened. The shift in ownership through convertible notes signals new control and strategy for LaVie casino, opening a door for partnerships or competitive shifts in Manila’s gaming sector.
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1 source · 23 Aug 2026
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