The Vietnamese casino operator Royal International has reported a loss of VND457m for the second quarter of the year.<\/p>\n\n\n\n\n\n\n\n
Vietnam.- Royal International Corporation (RIC)<\/strong>, which operates a casino in Vietnam’s northern province of Quang Ninh, has shared its financial results for the second quarter of the year. It’s posted its 11th consecutive quarterly loss.<\/p>\n\n\n\n However, with a loss of VND457m (US$19,525), it was RIC’s best quarter in nearly three years. In the same quarter last year, the company had posted a record loss of VND18.4bn. Revenue nearly doubled year-on-year to VND41.5bn as tourists began to return following an easing of Covid-19 countermeasures.<\/p>\n\n\n\n Vietnam fully reopened its borders<\/a> on March 15. Since May, it is no longer demanding that foreign arrivals be tested for Covid-19 prior to entry<\/a>.<\/p>\n\n\n\n This year, RIC hopes to end three consecutive years of losses with a profit of $500,000. In the first six months of the year, the company has already reached a third of its goal. In the first quarter, it reported revenue of $1.2m and a loss of $1.1m.<\/p>\n","protected":false},"excerpt":{"rendered":" The Vietnamese casino operator Royal International has reported a loss of VND457m for the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Royal International Corporation, a Vietnamese casino operator, reported a Q2 loss of VND457m, marking its 11th consecutive quarterly loss but its best performance in nearly three years. Revenue nearly doubled year-on-year to VND41.5bn, driven by the return of tourists following Vietnam's border reopening and eased Covid-19 restrictions. The company aims to achieve a $500,000 profit this year, having already reached a third of that goal in H1.","focusai_entities":"Royal International Corporation, RIC","focusai_location":"Vietnam, Quang Ninh","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"RIC's Profitability Outlook","query":"What specific operational efficiencies or market penetration strategies is Royal International Corporation implementing to transition from consecutive quarterly losses to its projected $500,000 annual profit target, beyond the general uplift from tourism?"},{"label":"Vietnam Market Recovery","query":"How does Royal International Corporation's Q2 revenue growth and reduced loss compare to the broader GGR recovery trends for land-based casinos in Vietnam and the wider Southeast Asian region, particularly concerning the impact of varying regulatory frameworks on tourism and gaming verticals?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-32050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32050"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32050\/revisions"}],"predecessor-version":[{"id":32068,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32050\/revisions\/32068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}