Shin Hwa World issued a profit warning for the fiscal year 2023<\/a>, anticipating a loss ranging between HK$450m (US$57.5m) and HK$540m (US$69m).\u00a0The company attributed the increase in losses to a decrease in revenue in its integrated resort development segment due to lower room prices and occupancy rates, which resulted from intense competition and domestic customers travelling abroad after the easing of travel restrictions.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"It aims to issue 845.25 million new shares to fund upgrades and maintenance at Jeju Shinhwa World.<\/p>\n","protected":false},"author":176,"featured_media":22179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Shin Hwa World Limited is issuing 845.25 million new shares to raise HK$28.5m for facility upgrades at Jeju Shinhwa World, interest payments, and sales & marketing initiatives. This capital raise follows a profit warning for FY2023, where the company anticipates significant losses driven by intense market competition and reduced integrated resort revenue.","focusai_entities":"Shin Hwa World Limited, Jeju Shinhwa World","focusai_location":"South Korea, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ROI on Upgrades?","query":"What is the projected return on investment (ROI) for the HK$14m facility upgrade and maintenance capital expenditure, considering the current competitive landscape and anticipated occupancy rates?"},{"label":"Marketing Strategy Efficacy?","query":"How will the HK$4.5m allocated to sales and marketing specifically enhance player acquisition or retention strategies to mitigate the reported decline in integrated resort revenue and occupancy?"}],"footnotes":""},"categories":[157,16338],"tags":[23632,24342],"class_list":["post-777013720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts","tag-shin-hwa-world"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013720","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=777013720"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013720\/revisions"}],"predecessor-version":[{"id":777013745,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013720\/revisions\/777013745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}