• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 9 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

International Entertainment Corp appoints new CEO amid board shake-up

Newsdesk by Newsdesk
Mon 9 Jul 2018 at 06:07
International Entertainment Corp appoints new CEO amid board shake-up

New Coast Hotel Manila, formerly known as New World Manila Bay Hotel.

Print Friendly, PDF & Email

Hong Kong-listed International Entertainment Corporation (IEC) has undergone a board shake-up, with Lam Yat Ming and Ren Yunan both stepping down at a board meeting on Friday and Zhang Yan Min appointed new CEO.

In a filing to the Hong Kong Stock Exchange on Friday, IEC announced that Zhang, 62, had been confirmed as CEO, with the company currently looking to diversify its business after recently revealing losses of K$67.3 million for the year ended 31 March 2018.

Zhang, an executive director with IEC since May 2017, has more than 28 years of experience in commercial development, investment and business management, the company said, including stints as general manager of Lloyd’s Register Industrial Technical Services (Shanghai) Co, Ltd from 2011 to 2016 and as country manager of SABIC Asia Pacific Pte Ltd from 2002 to 2008.

Also joining the board as an executive director is Chan Chun Yiu Thomas, the group general counsel of the company since February 2017.

IEC currently earns the bulk of its revenue via the leasing of properties in the Philippines to local gaming regulator PAGCOR, with monthly rental income determined on an agreed percentage of net gaming revenue generated from gaming areas.

However, since being acquired by Brighten Path Ltd last year – a company controlled by Hong Kong businessman and well-known high stakes poker pro Stanley Choi – IEC has made significant efforts to broaden its interests.

Most notable is the planned acquisition of Wigan Athletic Holdings Limited, which runs English Championship side Wigan Athletic Football Club and its home ground, DW Stadium.

IEC has also signed a cooperation agreement with The Stars Group, owner of the world’s dominant online poker site PokerStars, that saw it gain exclusive rights to operate PokerStars-branded poker rooms and run live PokerStars events in a number of Asian countries including Macau, Vietnam, South Korea, Singapore, Malaysia, Myanmar, Japan and Cambodia.

In its 2018 results announcement, IEC said that it will “actively diversify its business portfolio whilst making efforts to expand its current business.

“The group believes that the deployment of expanding its entertainment and sports related businesses will broaden its source of income and create synergies among the group’s businesses,” the company said.

RelatedPosts

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

Sat 9 Aug 2025 at 10:04
Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Sat 9 Aug 2025 at 10:01
Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Fri 8 Aug 2025 at 05:54
Filipino maintenance worker passes away in Wynn Palace work-related accident

Low VIP hold hurts Wynn Macau’s 2Q25 results as operating revenues hit US$883 million

Fri 8 Aug 2025 at 05:17
Load More
Tags: boardCambodiaChan Chun Yiu ThomasHKExHong KongHong Kong Stock ExchangeIECInternational Entertainment CorpJapanLam Yat MingMacauMalaysiaPAGCORPhilippinesPokerStarsRen YunanSingaporeSouth KoreaStanley ChoiThe Stars GroupVietnamWigan Athletic Football ClubWigan Athletic Holdings LimitedZhang Yan Min
Share5Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

by Ben Blaschke
Sat 9 Aug 2025 at 10:04

Investment bank JP Morgan on Friday whacked Singapore’s Resorts World Sentosa (RWS) for what he described as a “strikingly large” gap in market share and profit share in the three months to 30 June 2025. It also noted that the...

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

by Newsdesk
Sat 9 Aug 2025 at 10:01

A group of 19 licensed online gaming operators in the Philippines have come together to form the PlaySafe Alliance of the Philippines – a unified industry association they say is committed to responsible gaming, regulatory compliance, consumer protection and combatting...

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

by Newsdesk
Fri 8 Aug 2025 at 12:56

IGT will showcase 10 new game families as well as a revamped jackpot strategy for the local ANZ market at the upcoming Australasian Gaming Expo (AGE) taking place at ICC Sydney from 12 to 14 August 2025. This will also...

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

by Ben Blaschke
Fri 8 Aug 2025 at 05:54

Wynn Macau Ltd is looking to spend up to US$750 million through the end of 2026 on a series of upgrade and expansion projects at its Macau resorts, including development of a new large-scale events center at Wynn Palace. The...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English