{"id":777002789,"date":"2023-02-27T13:02:34","date_gmt":"2023-02-27T16:02:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002789"},"modified":"2026-04-23T00:16:21","modified_gmt":"2026-04-23T03:16:21","slug":"vietnams-royal-casino-posts-us2-6m-loss-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnams-royal-casino-posts-us2-6m-loss-for-2022","title":{"rendered":"Vietnam’s Royal Casino posts US$2.6m loss for 2022"},"content":{"rendered":"\n

Revenues were up 60 per cent year-on-year bur remain down on 2020.<\/p>\n\n\n\n\n\n\n\n

Vietnam.- Royal International Corporation (RIC) <\/strong>has shared its financial results for full-year 2022. It posted a VND61bn (US$2.6m) financial loss, making 2022 the fourth consecutive of losses.<\/p>\n\n\n\n

Its casino lost VND62bn, but this was partly offset by marginal profits from hotel and resort operations. Revenue was up 60 per cent year-on-year<\/strong>, at VND119bn (US$5.087m) but down from VND125bn (US$5.579m) in 2020.<\/p>\n\n\n\n

In the last decade, the company has only reported profits in two years: 2015 and 2018. Last May, the company’s shares were delisted from the Ho Chi Minh Stock Exchange, signalling further challenges.<\/p>\n\n\n\n

One of the main issues has been rising expenses. Last year, expenses were up 1.5 times, largely due to rising loan interest. Despite this, the company saw a significant increase in revenues from financial activities, which rose 4.5 times thanks to exchange rate gains. Royal International also laid off nearly 100 employees.<\/p>\n\n\n\n

Royal Casino is located in the northern province of Quang Ninh. Last year, Quang Ninh received 11.6 million domestic and foreign visitors, an increase of 165 per cent from 2021. However, international arrivals were only 300,000, compared to 5.7 million in 2019.<\/p>\n\n\n\n

<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

See also: <\/strong>Da Lat City considers allowing casinos to boost tourism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues were up 60 per cent year-on-year bur remain down on 2020.<\/p>\n","protected":false},"author":176,"featured_media":20677,"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 (RIC) reported a VND61bn (US$2.6m) net loss for FY2022, marking its fourth consecutive year of unprofitability, primarily driven by a VND62bn casino loss and rising expenses. Despite a 60% year-on-year revenue increase to VND119bn, the company's shares were delisted from the Ho Chi Minh Stock Exchange, reflecting ongoing operational and financial challenges exacerbated by reduced international tourism. The casino's location in Quang Ninh saw significant domestic visitor growth but a substantial decline in international arrivals compared to pre-pandemic levels.","focusai_entities":"Royal International Corporation, Royal Casino, Ho Chi Minh Stock Exchange","focusai_location":"Vietnam, Quang Ninh, Da Lat City","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"RIC Capital Restructuring?","query":"Given the sustained losses and stock delisting, what capital restructuring or operational efficiency measures are anticipated from Royal International Corporation to restore profitability and ensure long-term viability?"},{"label":"Vietnam Gaming Policy?","query":"How might the financial distress of a prominent operator like RIC influence future regulatory policy decisions regarding casino licensing, foreign investment, and tourism-driven gaming expansion in Vietnam?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-777002789","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\/777002789","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=777002789"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002789\/revisions"}],"predecessor-version":[{"id":777002809,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002789\/revisions\/777002809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20677"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}