{"id":777008798,"date":"2023-08-30T06:44:24","date_gmt":"2023-08-30T09:44:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008798"},"modified":"2026-04-22T18:33:30","modified_gmt":"2026-04-22T21:33:30","slug":"vietnams-hoiana-casino-resort-posts-net-revenue-of-us47-5m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnams-hoiana-casino-resort-posts-net-revenue-of-us47-5m-for-h1","title":{"rendered":"Vietnam\u2019s Hoiana casino resort posts net revenue of US$47.5m for H1"},"content":{"rendered":"\n<p>The casino venue benefited from the recovery of Asian tourism in the first half of 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Vietnam.-\u00a0The <strong>Hoiana casino resort\u00a0<\/strong>in the Vietnamese province of Quang Nam has reported that net revenue for the first half of the year reached US$47.5m. That&#8217;s a rise of almost 560 per cent from last year.<\/p>\n\n\n\n<p>Gross gaming revenue rose by 687.1 per cent to US$113.8m and VIP rolling chip volume rose 592.4 per cent to US$2.62bn. Mass table drop and electronic gaming volume rose by 495.2 per cent and 94.5 per cent, respectively.<\/p>\n\n\n\n<p>Casino investment business <strong>LET Group Holdings<\/strong> attributed the growth to the resurgence of Asian tourism in the first half, leading to an increase in international visitor arrivals in Vietnam. The province of\u00a0<strong>Quang Nam<\/strong>\u00a0is a major tourist destination, but the sector was\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-tourist-arrivals-down-76-year-on-year\" target=\"_blank\">deeply affected by the Covid-19 pandemic<\/a>.\u00a0<\/p>\n\n\n\n<p>The company said the volume of visitors to Hoiana and the resort&#8217;s operational activities improved in the period. The resort achieved positive adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) of US$10.1m compared to negative US$25.8m in the same period in 2022.<\/p>\n\n\n\n<p>LET Group Holdings said it has a 34 per cent indirect equity interest in Hoiana through a joint venture. A report in July indicated that the Chengs, a Hong Kong family of entrepreneurs, had <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hong-kongs-cheng-family-to-manage-hoiana-resort-golf\" target=\"_blank\">assumed control of the resort&#8217;s day-to-day management<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The casino venue benefited from the recovery of Asian tourism in the first half of 2023.<\/p>\n","protected":false},"author":176,"featured_media":32939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Hoiana casino resort in Vietnam reported a significant financial recovery in H1 2023, with Net Revenue reaching US$47.5m and GGR US$113.8m, driven by a resurgence in Asian tourism. The resort achieved positive adjusted EBITDA of US$10.1m, marking a substantial turnaround from the previous year's negative performance. LET Group Holdings, an indirect equity holder, attributed this growth to increased international visitor arrivals, while the Chengs have reportedly assumed day-to-day management.","focusai_entities":"Hoiana casino resort, LET Group Holdings, Chengs","focusai_location":"Vietnam, Quang Nam","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Hoiana's H2 Outlook?","query":"What are the projected GGR and NGR growth trajectories for Hoiana in H2 2023, considering potential shifts in Asian tourism patterns and competitive dynamics?"},{"label":"Management Impact?","query":"How will the reported assumption of day-to-day management by the Chengs impact Hoiana's operational efficiency, strategic direction, and long-term shareholder value?"}],"footnotes":""},"categories":[163,16333],"tags":[8232],"class_list":["post-777008798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-hoiana"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008798","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=777008798"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008798\/revisions"}],"predecessor-version":[{"id":777008825,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008798\/revisions\/777008825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}