By contrast, hotel revenue slipped by around 6% to HK$56.2 million (US$7.2 million) as sections of the property remained closed for renovations. IEC paid HK$180.7 million in gaming tax and licensing fees during the reporting year, compared with just HK$17.8 million in FY24. To support the large-scale redevelopment, IEC stated it continues to explore financing strategies, including potential bank loans, debt issuance, or equity fundraising. While losses remain significant, the company maintains a positive long-term view, highlighting the surge in gaming revenue and the anticipated benefits of its integrated resort investment. “The company is optimistic that the expansion of the casino’s gaming capacity will improve the future revenue of the casino,” IEC said in its statement, as reported by Inside Asian Gaming.