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Update news casinos in vietnam
The Quang Ninh provincial People’s Committee has proposed organizing a tender to choose investors for a high-end integrated resort with casino project in Van Don.
Royal International Corporation, the owner of Vietnam’s biggest casino in the northern province of Quang Ninh, has again reported losses of VND24.20 billion (USD1.02 million) for the second quarter this year.
Revenue from casino businesses has increased significantly over the last one to two years. However, the casinos that are open to Vietnamese still have reported losses.
The Royal International Corporation (RIC) which operates The Royal Casino Ha Long has just announced its financial report for 2019 with losses of over VND72 billion (US$3.2 million).
Corona Casino – the first casino in Vietnam where Vietnamese people are permitted to gamble – has reported a gross profit of $13.04 million and pre-tax profit of $4.7 million after six months of operation.
The construction of the first phase of the $4 billion South Hoi An integrated casino resort will start on April 23.
The Office of the Government has released a decision from Prime Minister Nguyen Tan Dung on gaming being made available to passengers exiting or transiting at Vietnam’s international airports.