Royal International reports loss for sixth consecutive quarter
The Vietnamese casino operator Royal International has reported a post-tax loss of US$1.17m for the sixth consecutive quarter.
Vietnam.- Royal International Corporation, the largest casino operator in the northern town of Ha Long, has reported a loss of VND27bn (US$1.17m) for Q1. It’s the sixth consecutive quarter that the HCMC Stock Exchange-listed company has reported a loss.
Revenue for the first quarter was down 24 per cent year-on-year.
The casino blamed the ongoing impact of the Covid-19 pandemic since January of last year. The majority of its customers are foreigners who cannot enter the country since borders remain closed.
Vietnam continues to impose strict restrictions for locals to enter casinos. They must have no objections from family, be over 21 years old, earn a minimum of US$430 a month and have no criminal record.
