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Shin Hwa provisional license for Philippines IR expires
Shin Hwa Group announced that its provisional license for its integrated resort project in the Philippines has expired.
Shin Hwa World to raise $39.6M via rights issue
Hong Kong-listed casino developer Shin Hwa World Ltd has announced a series of capital reorganization measures, including plans to raise HK$263.7 million ($39.6 million) via a rights issue.
Shin Hwa World reports significant revenue decline in 2023 and increased losses
South Korean gaming operator Shin Hwa World Limited has released its financial results for the year ending December 31, 2023, revealing a substantial decrease in consolidated revenue.
Shin Hwa raises funds to revamp Jeju IR via share issuance
South Korean gaming operator Shin Hwa World has announced its plan to issue 845.25 million new shares, aiming to generate approximately HK$28.5 million ($3.6 million) in net proceeds.
Shin Hwa expecting FY23 loss of up to $69 million, on weak visitation
South Korean gaming operator Shin Hwa World has issued a profit warning for 2023, with the company expecting a loss of between HK$450 million ($57.5 million) and HK$540 million ($69 million).
Shin Hwa World gaming revenue down 27 percent in 1H23, net losses expand
South Korean gaming operator Shin Hwa World has experienced a 27 percent decrease in gaming revenue during 1H23, dropping from HK$32.6 million ($4.2 million) in 1H22 to HK$23.8 million ($3 million).
Shin Hwa World expecting net losses to expand in 1H23
Net losses recorded by South Korean gaming operator Shin Hwa World are expected to continue to expand in the first half of this year, the group announced, mainly due to increased competition and domestic tourists now being able to travel abroad following the easing of travel restrictions
Shin Hwa gives up Philippines IR plan as it loses provisional gaming license
Hong Kong-listed Shin Hwa World says it has decided not to "seek further extension" for the provision of a remedy by the Philippines' gaming regulator (that became due on 30 June 2023), meaning that the company will lose its provisional casino license in the Philippines.
Shin Hwa World Chairman retiring, group identifying suitable replacement
Korean foreigner-only casino operator Shin Hwa World has announced that its Chairman of the Board, Dr. Yang Zhihui, is retiring from the position, as well as from his Executive Director role.
Shin Hwa World drops 2022 loss to $27.6 million, even as gaming revenue fails to rise significantly
South Korean gaming operator Shin Hwa World has announced that it was successful in narrowing its loss for last year, registering a HK$216.91 million ($27.63 million) loss, as compared to a HK$1.05 billion ($134.4 million) loss in 2021.
