{"id":777023577,"date":"2025-03-03T10:20:49","date_gmt":"2025-03-03T13:20:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023577"},"modified":"2026-04-22T01:16:39","modified_gmt":"2026-04-22T04:16:39","slug":"shin-hwa-world-expects-net-loss-to-decline","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/shin-hwa-world-expects-net-loss-to-decline","title":{"rendered":"Shin Hwa World expects net loss to decline"},"content":{"rendered":"\n<p>The company expects increased revenue from its gaming segment and a reduction in operating expenses.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Shin Hwa World<\/strong>, the former\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/landing-international-shareholders-approve-name-change-to-shin-hwa-world\" target=\"_blank\" rel=\"noreferrer noopener\">Landing International Development<\/a>,<strong>\u00a0<\/strong>has issued a profit alert announcing that it expects to record a decrease in net losses of around 10 per cent\u00a0year-on-year\u00a0for full-year 2024. The company attributed this to an increase in consolidated revenue, particularly from the<strong> gaming business<\/strong>, alongside a decrease in amortisation and depreciation expenses and a reduction in operating expenses, despite the adverse impact of a decrease in fair value of investment properties.<\/p>\n\n\n\n<p>In 2023, the company posted an annual loss of HK$522.4m (US$66.8m), more than double the&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/shin-hwa-world-posts-us27-63m-loss-for-2022\" rel=\"noreferrer noopener\">HK$216.9m loss in the previous year<\/a>. Group-wide revenue was down from HK$1.39bn (US$175.8m) to HK$1.04bn.<\/p>\n\n\n\n<p>Gaming revenue was up 1.4 per cent year-on-year, to HK$46.8m (US$6m). However, segment loss from the gaming business was approximately HK$258.4m. The company reported that its gaming business showed signs of recovery in 2023, with an increase in both rolling and non-rolling volume compared to the previous year. However, a decline in the winning percentage negatively impacted revenue.&nbsp;<\/p>\n\n\n\n<p>Last November, the company announced the issue of <a href=\"https:\/\/focusgn.com\/asia-pacific\/casinos-in-south-korea-shin-hwa-world-to-issue-us25-7m-in-bonds\" target=\"_blank\" rel=\"noreferrer noopener\">convertible bonds<\/a> due in 96 months worth HK$200m (US$25.7m).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company expects increased revenue from its gaming segment and a reduction in operating expenses.<\/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, formerly Landing International Development, has issued a profit alert, forecasting a 10% year-on-year reduction in net losses for FY2024. This improvement is attributed to increased consolidated revenue, particularly from the gaming segment, coupled with reduced amortisation, depreciation, and operating expenses, despite a decline in investment property fair value. The company's 2023 performance showed a recovery in gaming volume but was impacted by a lower winning percentage.","focusai_entities":"Shin Hwa World, Landing International Development","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FY2024 Profit Drivers?","query":"What specific operational efficiencies and gaming vertical strategies are driving the projected 10% reduction in net losses for Shin Hwa World in FY2024?"},{"label":"Gaming Segment Outlook?","query":"Given the 2023 decline in winning percentage despite increased gaming volume, what is the projected GGR and NGR outlook for Shin Hwa World's gaming segment in 2024, and how will it mitigate yield volatility?"}],"footnotes":""},"categories":[16338,163],"tags":[23632,24342],"class_list":["post-777023577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-integrated-resorts","tag-shin-hwa-world"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023577","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=777023577"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023577\/revisions"}],"predecessor-version":[{"id":777023590,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023577\/revisions\/777023590"}],"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=777023577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}