The owner of Vietnam’s Corona Resort & Casino Phu Quoc remained loss-making in the first half of 2026, although its after-tax loss narrowed by 62.5 percent year-on-year to VND211.4 billion ($8.1 million), according to local financial reports citing its disclosure to the Hanoi Stock Exchange.
Phu Quoc Tourism Development and Investment JSC’s loss compared with VND564.3 billion ($21.7 million) a year earlier. The latest result translates into an average loss of approximately VND1.17 billion ($45,000) per day.
Vietnamese news outlet VietTimes reported that accumulated losses reached approximately VND6.19 trillion ($238.2 million) at the end of June. The figures cover the company’s broader business, including tourism, resorts and entertainment, alongside the casino.
Shareholder contributions increased registered capital from VND7.5 trillion to VND10 trillion, while shareholders’ equity stood at approximately VND3.81 trillion ($146.5 million).
Total liabilities reached VND51.67 trillion ($1.99 billion). These consisted largely of other liabilities, including customer advances and other short- and long-term payables.
Local player access
Corona opened in January 2019 as Vietnam’s first casino authorized to admit eligible Vietnamese residents under a pilot program.
In November 2025, the government issued Resolution No. 8/2025/NQ-CP, permitting eligible Vietnamese citizens to gamble at the Phu Quoc casino from November 26th without a fixed pilot end date.
The resolution also authorized five-year local-player trials at Ho Tram and Van Don, with the latter beginning upon issuance of its casino operating license.
However, stronger domestic demand has yet to be established. In a March interview with AGB, Lion Club’s head of external marketing, Scott Choi, said strong local demand had not yet emerged following expanded access at Ho Tram and Corona. He identified high accommodation costs, limited room supply and weak connectivity as constraints during Corona’s earlier trials.
Elsewhere, Royal International Corporation, which operates Royal Ha Long Casino, recorded a first-half after-tax loss of more than VND1.7 billion ($65,000), according to VietTimes. Its accumulated losses approached VND600 billion ($23.1 million) at the end of June.
