Ha Long casino operator back in the black after 6 years

It reported profits of VND10 billion (US$382,500) as revenues jumped 31% year-on-year to VND46.9 billion, the highest in over five years, according to a company release.

The management attributed the performance to the economic recovery particularly that of the service and tourism industries, which had been in an extended slump.

In the same period last year the company had made a VND2-billion loss.

It had last reported a profit in the third quarter of 2019.

Inside Royal Ha Long Casino in Quang Ninh Province, northern Vietnam. Photo courtesy of Royal International Corporation

Royal International Corporation targets revenues of VND187 billion and post-tax profits of VND34 billion for full-year 2025.

It plans to achieve this by controlling fixed and financial costs, particularly interest, and increasing revenues.

Royal International Corporation, established in 1994, operates a casino, a hotel and villas in Ha Long, a popular tourism hot spot in Quang Ninh Province, which borders China.

The company listed on the Ho Chi Minh Stock Exchange in 2007.

In May 2022, its stock was delisted due to three consecutive years of losses and was transferred to the Unlisted Public Company Market exchange.

Its stock now trades at VND5,500, up over 57% since the start of the year.