Vietnam’s Corona Casino shows profits in only six months

Corona Resort & Casino in Phu Quoc Island, Vietnam
Corona Resort & Casino in Phu Quoc Island, Vietnam

The Corona Resort and Casino, posted a pre-tax profit of €4,28 million during its first six months of operation.

Vietnam.- Corona Casino – the first casino in Vietnam where Vietnamese people can gamble – has reported a gross profit of €11,9 million and pre-tax profit of €4,3 million after only six months of operation.

Phu Quoc Tourism Development and Investment, which is the investor of the Corona Resort & Casino complex, published in its financial report that Corona has generated overall revenues of €24 million.

The casino (which represents 53% of the company’s revenue) is the only trading sector generating gross profit for Phu Quoc Tourism Development and Investment.

In this January, Corona Casino, became the first five-star casino in Vietnam to allow for locals to gamble. Another project is expected to open in the northern Vietnam, which would also grant permission to locals to gamble.

The gaming venue was created by Steelman Partners LLP – involved in the design of several large casino projects in Asia.

The government lifted a ban on Vietnamese gambling in casinos in March 2017 following a decree in January 2017. Thus, allowing a three years trial project for gambling by economically-qualified locals at certain venues.

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