• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 28 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
  • 中文
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
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Northern Vietnam’s largest casino sneaks into 3Q profit but 2019 loss still expected

Newsdesk by Newsdesk
Tue 29 Oct 2019 at 06:13
Northern Vietnam’s largest casino sneaks into 3Q profit but 2019 loss still expected

Royal International Corporation’s Royal Casino Ha Long.

39
SHARES
714
VIEWS
Print Friendly, PDF & Email

The largest casino in Vietnam’s Quảng Ninh Province near Hanoi, Royal Casino Ha Long, moved into profit in the three months to 30 September 2019, turning around some heavy losses through the first half of the year.

According to a report in the Vietnamese language section of VietNamNet, Royal Casino reported a profit of VND8 billion (US$345,000) in 3Q19 on the back of a 47% increase in revenue to VND84 billion (US$3.6 million).

However, the foreigner-only casino remains very much in the red in 2019 with accumulated losses for the first nine months of the year totaling VND70 billion (US$3 million).

It was previously reported that Royal Casino Ha Long recorded a profit of US$731,000 in 2018 – its first full year profit since 2015 – with cumulative losses since 2015 mounting to VND256 billion (US$11 million).

The casino’s owner, Hoang Gia International JSC, reported revenue for the first nine months of 2019 of VND163 billion, down 13% year-on-year and lagging behind its stated 2019 revenue goal of VND350 billion (US$15 million).

Casino management said that its 3Q19 profit was a result of increased marketing efforts combined with various on-site cost-cutting measures.

Vietnam currently has only one casino open to locals, Corona Resort & Casino on Phu Quoc Island, which recently reported a pre-tax profit of US$4.7 million during its first six months of operation after opening for business in January.

RelatedPosts

Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
Sons of NagaCorp founder Chen Lip Keong join Forbes list of Malaysia’s richest

Surging mass market sees NagaCorp gaming revenues, profit enjoy double-digit growth in 1H25

Tue 26 Aug 2025 at 05:30
Macau GGR down 12.7% month-on-month to MOP$17.3 billion in September, lowest of the year

Macau government collects US$1 billion in gaming tax revenue in July

Mon 25 Aug 2025 at 13:34
Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

Mon 25 Aug 2025 at 05:33
Load More
Tags: casinoHa Long BayHoang Gia International JSCQuảng Ninh ProvinceRoyal Casino Ha LongVietnam
Share22Share2
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 – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

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

Related Posts

Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

Sands China celebrates 1.1 billion cumulative visitors to its Macau resorts

by Pierce Chan
Thu 28 Aug 2025 at 19:09

Sands China has now welcomed more than 1.1 billion guests across its Macau integrated resorts, representing a significant milestone in its more than 20-year history operating in Macau, the company stated Thursday. In an announcement that also coincided with the...

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

SJM reports widened 1H25 loss despite GGR growing almost 12% to US$1.90 billion

by Ben Blaschke
Thu 28 Aug 2025 at 18:54

Macau’s SJM Holdings reported a 7.5% year-on-year improvement in gross gaming revenue to HK$14.8 billion (US$1.90 billion) and an 11.8% increase in non-gaming revenue to HK$1.01 billion (US$130 million) in the first six months of 2025, although it wasn’t enough...

Capital Punishment

SJM to relocate satellite casino gaming tables, slot machines to Macau’s famous Hotel Lisboa as part of US$68 million deal with parent company STDM

by Ben Blaschke
Thu 28 Aug 2025 at 17:35

Macau concessionaire SJM Resorts will pay HK$529 million (US$68 million) to its parent company Sociedade de Turismo e Diversões de Macau, S.A. (STDM) to acquire 7,504 square meters of floor space at Hotel Lisboa for the relocation of gaming tables...

Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

by Newsdesk
Thu 28 Aug 2025 at 13:15

APEX Gaming’s Clover Link series has made its Asian debut following installation of Clover Link Extreme at Manila’s Solaire Resort Entertainment City. Tecnet Asia, the official distributor of APEX Gaming in the region, said Clover Link Extreme – renowned for...

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
  • 中文

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
  • 中文
  • 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.

  • 中文
  • English