Royal International Corp., (RIC), operator of Royal Halong Hotel’s Royal Casino in Vietnam, has posted losses of VND54 billion (US$2.3 million) for the six months to June 30 due to Covid-19. The property in Ha Long Bay was forced to close in March and has experienced a drop in business since it reopened in May.
According to Inside Asian Gaming, first-half revenues decreased 38 percent year-on-year to VND49 billion (US$2.1 million).
Royal Casino “performed well in 1Q,” the company said, “with revenue doubling year-on-year (to US$655,000), which was a pleasing result given the casino was closed due to Covid-19 in the latter part of March
“Unfortunately, we were unable to continue this upward trend in 2Q. Consistent with the global experience, we suffered serious negative impact with the casino remaining closed throughout April and into the first half of May. International borders remain closed to this day.”
“Having said that, we are confident that when the borders reopen, Vietnam tourism will rebound quickly, benefiting from the excellent reputation it has gained from its management of the pandemic. In a country of 97 million people there have been only 446 confirmed cases and no reported deaths.”
The premium mass-focused property was one of the first licensed casinos in Vietnam when it first opened in 2003 in Quảng Ninh Province. Its gaming floor offers 18 gaming tables and 70 electronic gaming machines.
The five-star Royal Halong Hotel is a five-star property with facilities that include a restaurant, two swimming pools, spa, gymnasium and KTV.
