Shin Hwa World narrows 1H loss 72% as revenue rises 17.8%
South Korean integrated resort operator reported higher revenue in the first half of 2026.
South Korea.- Shin Hwa World Ltd, the operator of Jeju Shinhwa World in South Korea, narrowed its net loss attributable to shareholders by 72.1 per cent year-on-year in the first half of 2026. The company posted a net loss of HK$68.3m (US$8.8m) for the six months ended June 30, compared with HK$244.4m (US$31.3m) in the same period last year. Consolidated revenue rose 17.8 per cent year-on-year to HK$483.5m (US$62m).
Gaming revenue increased 14.6 per cent to HK$71m (US$9.1m). Shin Hwa World attributed the increase to higher non-rolling volumes. However, the gaming segment’s deficit widened to HK$66.4m (US$8.5m), compared with HK$59.6m (US$7.6m) in the first half of 2025.
Non-gaming revenue rose to HK$412.5m (US$52.9m), up from HK$348.4m in the prior-year period. Revenue from the integrated resort segment, excluding gaming, increased 20.9 per cent year-on-year to HK$362.6m (US$46.5m).
The integrated resort segment’s loss narrowed to HK$15.9m (US$2m), compared with HK$130m (US$16.7m) a year earlier. The company attributed the improvement to a refined sales and marketing strategy, facility enhancements and an increase in tourist arrivals to Jeju during the first half of the year.
Shin Hwa World operates the foreigner-only Les A Casino at Jeju Shinhwa World, formerly known as Landing Casino. The property has 179 gaming tables and 65 slot machines and electronic gaming devices across 5,500 square metres of gaming space.
