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Tag: gamble

  • Ha Long Casino Operator Surges to Profitability After Six Years in the Red

    Ha Long Casino Operator Surges to Profitability After Six Years in the Red

    Royal International Corporation, the force behind the Royal Ha Long Casino in northern Vietnam, is celebrating a crucial turnaround as it recorded its first profit in six years during the second quarter of 2025.

    In a notable revival, the company posted profits of VND10 billion (approximately US$382,500), with revenues soaring 31% year-on-year to reach VND46.9 billion, a peak not seen in over five years. This impressive performance was attributed to the economic rebound, particularly within the service and tourism sectors, which had experienced significant downturns in recent years.

    Last year, the same period saw Royal International grapple with a loss of VND2 billion. It’s worth noting that the firm last enjoyed profitable waters back in the third quarter of 2019, when the cards were evidently in their favor.

    Looking forward, Royal International Corporation sets ambitious targets for the full year, aiming for revenues of VND187 billion and post-tax profits of VND34 billion. To achieve these goals, the company plans to exercise tight control over fixed and financial costs, particularly interest expenses, while also boosting revenues through strategic initiatives.

    Established in 1994, Royal International Corporation comprises a casino, hotel, and luxurious villas in the scenic Ha Long Bay area of Quang Ninh Province, which shares a border with China. Notably, the company made its debut on the Ho Chi Minh Stock Exchange in 2007. However, in May 2022, it faced delisting after three consecutive years of losses, which led to its shift to the Unlisted Public Company Market. Yet, there’s a silver lining: its stock is currently trading at VND5,500, experiencing a remarkable increase of over 57% since the start of the year—employment definitely wasn’t the only thing rising lately.

    Questions & Answers

    What factors contributed to Royal International Corporation’s recent profitability?
    The improved profitability stemmed from a recovery in the service and tourism sectors, which are vital for the company’s operations, alongside a significant increase in revenues by 31% year-on-year.

    What are the future financial targets for Royal International Corporation?
    For the full year 2025, the company aims to achieve revenues of VND187 billion and post-tax profits of VND34 billion, focusing on cost control and increasing revenue streams.

    What challenges has Royal International Corporation faced in recent years?
    The company dealt with six consecutive years of losses, culminating in its stock being delisted in May 2022 after three years of declining performance, before being transferred to the Unlisted Public Company Market.

  • Female Exec Pulls Multi-Million Dollar Casino Heist

    Female Exec Pulls Multi-Million Dollar Casino Heist

    A casino executive is on the run after allegedly taking 14.6 billion ($13 million) in cash from a South Korean casino operated by a Hong Kong developer.

    Jeju Shinhza World, operated by Hong Kong-listed property firm Landing International Development, said in a statement that it was unable to reach the employee in charge of the casino funds.

    Local police confirmed that an investigation was underway, according to a report by local media firm «Yonhap».

    Jeju is a popular tourist island in the southern region of South Korea, with casinos for foreigners only.

    According to the report, the female employee in question is a Malaysian national who did not return to work following a vacation. Surveillance footage secured showed that the period in which the funds may have disappeared has been erased.

    There is reason to believe the heist was done by more than one individual as the funds were all cash and weighed about 280 kilograms.

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  • Casino operator RIC posts $2.3 mln loss

    Casino operator RIC posts $2.3 mln loss

    Royal International Corporation (RIC), which operates the largest casino in Quang Ninh Province, posted a loss of VND54 billion ($2.3 million) in the first half.

    The second quarter was the third consecutive quarter the HCMC Stock Exchange-listed company had reported a loss. Its accumulated loss by the end of June totaled VND282 billion ($12.2 million).

    Revenue in the first half fell 38 percent year-on-year to VND49 billion ($2.1 million) as its hotel and casino complex in travel hotspot Ha Long Town was closed most of April due to the coronavirus pandemic.

    The company has been cutting down staff and salaries in recent months to reduce costs. In the first six months, its employee numbers fell by 334 to 1,059. It had earlier forecast revenues of VND294 billion ($12.7 million) this year, of which 64 percent would be drawn from the casino and 36 percent from hospitality. Last year Royal International Corporation had posted a loss of VND72 billion ($3.1 million), blaming it on the increasing number of casinos in Ha Long.

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  • Ha Long casino operator mostly dependent on lodging income

    Ha Long casino operator mostly dependent on lodging income

    The operator of The Royal Casino in Ha Long Town posted VND8 billion ($345,000) in Q3 post-tax profit, mostly from its lodging business.

    This is the first quarterly profit that the company, Royal International, has made, even though all four quarters last year ended in the black, its third-quarter financial report shows.

    However, the company’s casino business still suffers losses. January-September casino revenue at The Royal Casino, the largest in the northern Quang Ninh Province, was just VND60 billion ($2.6 million), or 36.8 percent of the total, with the rest coming from its hotel and villas.

    As the casino business is seasonal, the revenue generated from it is unstable as it depends on the number of players and on luck, the company said.

    Another reason is the increasing number of casinos in neighboring countries such as Cambodia, the Philippines, and Myanmar, scattering potential gamblers.

    The company plans to find a partner this year to invest in a 33-story twin-tower hotel to increase revenues from lodging, as well as karaoke, massage and other services.

    In the first nine months of this year, Royal International’s revenue was VND163 billion ($7 million), less than half of the year’s target.

    It suffered a loss of over VND70 billion ($3 million) after-tax, compared to a profit of VND18 billion ($776,000) in the same period last year.

    The company’s still some distance away from achieving its target of VND38 billion ($1.64 million) in after-tax profit for the whole year.

    Vietnam has seven casinos, six of which are open only to foreign passport holders

     The government still treats gambling as a social evil, although it has loosened its restrictions on it in recent years.

    Last year the government approved a three-year trial project allowing Vietnamese residents to enter a casino on Phu Quoc Island on a pilot basis if they can meet certain conditions.

    Vietnamese who want to gamble must be over 21 years, earn a minimum of VND10 million ($430) a month and have no criminal record or objections from family. The entry fee is VND1 million ($43) for 24 hours or VND25 million ($1,077) a month.

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  • Singapore Popular Games

    Singapore Popular Games

    Gaming is growing quickly in Singapore. This is due to a number of different reasons. The economy is now booming in Singapore which means that there a range of different games for customers to play. Also, they have more leisure time which makes them seek out the most entertaining games. Also, playing baccarat online is getting popular in Singapore. This is one of the most popular games due to its intense gameplay. In this article, we will look at why baccarat is so popular and also explore other popular games in Singapore. We will also detail the specific business conditions which have led to a gaming boom within Singapore.

    What is Baccarat

    Baccarat is a card game which has become popular around the world. It can be played in casinos, however recently there have been many online baccarat games being developed. These provide an engaging and realistic gameplay experience. One of the reasons why it is so popular is because the rules are simple to learn. It does not have the same complexity as other games, which makes it highly accessible. However, there are also many strategies and side-bets that come into play. This makes the game exciting to learn and to master.  You can find the best baccarat gaming websites on baccarat.net. They have a wide selection of websites on view. Additionally, they also go in depth about the rules and also discuss the best strategies for winning.

    Most Popular Games in Singapore

    Even though online gambling is illegal in Singapore, many have been enjoying legal casinos operating worldwide that accept players from Singapore. Some of the most popular casino games include the classics such as poker and blackjack. However, many Singapore players have also been enjoying highly engaging video slots. Mobile phone gaming is also very popular in Singapore. Smartphones offer a way for people to enjoy the gaming experience wherever they go. Hence, mobile casinos and other mobile games have become very popular. The high powered graphics and engaging gameplay on smartphones is a major reason for this.

    Alongside gambling games, video games are also highly popular. Singapore is the country where people spend the most hours on gaming in the South-East Asia region. On average they spend 7.44 hours on gaming. Some of the most played games include Overwatch which is an online game that is available on all platforms such as PC, PS4, and Xbox ONE. Role-playing games such as Devil May Cry 5 are also very popular. The Singapore public is fond of these games because they provide an immersive and enthralling experience. The storyline and quests are highly engaging.

    Business Conditions in Singapore

    The current business and retail conditions have been positive for Singapore. Traditional retailers have been facing stiff competition from innovative e-commerce companies. This has forced them to change their ways to evolve in order to compete in the new marketplace. They are creating new shopping experiences that are tailored to the customer. Physical stores aim to recapture the customer base from Amazon and Alibaba. The demand for necessity goods has remained as high as ever. Another key development is unmanned stores which could become even more common in the near future. Overall, there have been a few bumps, however, the long term economic and retail outlook is positive. The people of Singapore like to enjoy their earnings on playing games that allow them to relax.

    Conclusion

    You will now have a better idea on which games are most popular in Singapore. You will also have an understanding of what is causing a surge in popularity for many games. Baccarat continues to be one of the most played games in Singapore due to its exciting and addicting gameplay. However, other games are also being enjoyed, and the business boom means that gaming will continue to grow in Singapore. We look forward to new innovations and developments of gaming in Singapore.

  • Northern Vietnam casino reports first profit in three years

    Northern Vietnam casino reports first profit in three years

    Royal Casino, the largest in the northern Quang Ninh Province, last year reported a profit for the first time in three years. Royal International Corporation, its operator, said revenues grew by 48 percent from the previous year to VND288 billion ($12.39 million), and profit after tax to VND17 billion ($731,263) in 2018. This is the company’s first profit since 2015.

    The owner of the company is Khai Tiep International Investment Limited, registered in the Cayman Islands.

    The casino accounted for VND178 billion ($7.66 million) with the rest coming from hotel, villas and hospitality-related services.

    The company’s management said in a financial report that the growth in the casino’s revenues was due to the sharp increase in the number of customers after an expressway connecting Quang Ninh’s Ha Long town  with northern Hai Phong City was built last September.

    Linking up with the Hanoi-Hai Phong expressway, it cuts the travel time from the capital to Ha Long by half to just 90 minutes.

    The company also saved VND16 billion ($688,192) last year in sales and management costs.

    At the end of last year the casino had 1,346 employees, 80 fewer than at the beginning of the year.

    On Saturday Corona Resort and Casino in the southern Phu Quoc Island became the first casino in Vietnam to allow Vietnamese to gamble.

    The government has allowed a three-year trial period.

    Vietnamese who gamble here must be over 21, earn a minimum of VND10 million ($430) a month and have no criminal record or objections from family.

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  • Macau to include 5G in technology-neutral licenses

    Macau to include 5G in technology-neutral licenses

    The Macau SAR government does not plan to have a separate license for 5G services, and will instead include 5G in its planned new technology neutral licenses for mobile service providers.

    The director of Macau’s Post and Telecommunication Bureau Derby Lau Wai Meng told that its proposed new communications convergence legislation will include 5G.

    The new legislation would replace Macau’s current basic telecommunication law as well as by-laws governing the various telecoms licenses that have been allocated in the city.

    In addition, the regulator has prepared changes aimed to provide infrastructure support for operators pursuing 5G deployments and redefined some service standards, with the goal of providing more favorable conditions for 5G operators.

    According to the report, the new changes will give more powers for operators to deploy 5G as well as more powers to the government to supervise these deployments.

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