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Royal Casino Halong reports $2.57 million loss in 2022

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The operator of the Royal Casino Halong, in Vietnam’s northern Quang Ninh province, has reported a loss of $2.57 million in 2022, a 41 percent annual decrease in loss, despite revenue increasing by nearly 60 percent yearly, to $5 million.

The group attributed the revenue increase to the removal of travel restrictions, procurement of new clients and successful catering to return clients.

According to reports, the group’s casino business made up $1.34 million of the revenues, while its hotels and villas brought in $3.66 million during the year.

While the province reportedly received 11.6 million domestic and foreign visitors last year, up 165 percent yearly, international visitors totaled just 300,000 – compared to 5.7 million in 2019.

Royal Casino Halong is the largest casino operating in the Quang Ninh province, near Hanoi, and was one of the first licensed casinos in Vietnam, opening in 2003.

The property reportedly has 15 gaming tables, with four types of games (Baccarat, Roulette, Sic Bo and Blackjack), and 70 slot machines.

The casino is only open to foreign punters, as only one casino in Vietnam – in Phu Quoc, is licensed for locals deemed financially qualified.

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