{"id":777007769,"date":"2023-07-31T08:51:22","date_gmt":"2023-07-31T11:51:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007769"},"modified":"2026-04-22T19:31:07","modified_gmt":"2026-04-22T22:31:07","slug":"vietnams-royal-casino-posts-us1m-loss-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnams-royal-casino-posts-us1m-loss-for-q2","title":{"rendered":"Vietnam\u2019s Royal Casino posts US$1m loss for Q2"},"content":{"rendered":"\n

Royal International Corp has reported its 15th consecutive quarterly losses.<\/p>\n\n\n\n\n\n\n\n

Vietnam.-\u00a0Royal International Corporation (RIC)\u00a0<\/strong>has shared its financial results for the second quarter of the year. It posted a VND24bn (US$1m) financial loss, marking a 15th consecutive quarter of losses. Revenue was down 42 per cent year-on-year at VND24bn.<\/p>\n\n\n\n

The company owns the country’s biggest casino, situated in northern Quang Ninh Province, and operates a hotel and villas in the Bai Chay resort area in Ha Long city. Its casino contributed VND9bn to the Q2 losses, while the hotel and villas accounted for VND14.5bn.<\/p>\n\n\n\n

For the first half of the year, losses reached VND35bn. The company had set a target of a US$1.5m profit for the year.\u00a0In the last decade, the company has only reported profits in two years: 2015 and 2018. Last May, the company\u2019s shares were delisted from the Ho Chi Minh Stock Exchange.<\/p>\n\n\n\n

In 2022, the casino operator posted\u00a0a VND61bn (US$2.6m) financial loss<\/a>. Revenue\u00a0was up 60 per cent year-on-year at VND119bn (US$5.087m) but down from VND125bn (US$5.579m) in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Royal International Corp has reported its 15th consecutive quarterly losses.<\/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 (RIC) has reported its 15th consecutive quarterly loss, posting a VND24bn (US$1m) financial loss in Q2, with revenue down 42% year-on-year. The company, which operates Vietnam's largest casino and hospitality assets, also saw its shares delisted from the Ho Chi Minh Stock Exchange in May, highlighting severe operational and financial distress.","focusai_entities":"Royal International Corporation, RIC, Ho Chi Minh Stock Exchange","focusai_location":"Vietnam, Quang Ninh Province, Ha Long city, Bai Chay","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"RIC Viability Assessment?","query":"Given 15 consecutive quarterly losses and delisting, what is the projected long-term operational viability of Royal International Corporation, and what specific governance frameworks are being reviewed to address this sustained underperformance?"},{"label":"Vietnam Market Dynamics?","query":"How do Royal International Corporation's financial struggles and market position reflect the current regulatory and competitive dynamics within Vietnam's casino and integrated resort sector, and what implications does this have for potential foreign direct investment?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-777007769","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\/777007769","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=777007769"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007769\/revisions"}],"predecessor-version":[{"id":777007788,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007769\/revisions\/777007788"}],"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=777007769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}