{"id":13770,"date":"2025-09-15T08:30:00","date_gmt":"2025-09-15T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=13770"},"modified":"2025-09-15T01:09:53","modified_gmt":"2025-09-15T06:09:53","slug":"phu-quoc-corona-resort-casino-posts-21-million-loss-in-1h25","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/phu-quoc-corona-resort-casino-posts-21-million-loss-in-1h25\/","title":{"rendered":"Phu quoc corona resort &amp; casino posts $21 million loss in 1h25"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PHU QUOC, VIETNAM \u2013 In the first half of <strong>2025<\/strong>, <strong>Vietnam\u2019s Corona Resort &amp; Casino<\/strong> reported a loss of approximately <strong>US$21.4 million (VND564 billion)<\/strong>, a significant increase from the <strong>US$12.6 million<\/strong> deficit recorded during the same period in <strong>2024<\/strong>. Equity at the casino fell sharply from <strong>VND1.99 trillion (US$75.4 million)<\/strong> in mid-2024 to <strong>VND960 billion (US$36.4 million)<\/strong> by June 2025, pushing its debt-to-equity ratio beyond <strong>20 times<\/strong>, up from around 14 times a year earlier. This financial deterioration highlights mounting pressures amid a challenging operational environment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A spokesperson for <strong>Phu Quoc Tourism Development and Investment JSC<\/strong>, the casino\u2019s parent company, acknowledged the gravity of the situation: \u201cThe widening losses underscore the urgent need to reassess our strategic approach, balancing local gaming initiatives and international visitor engagement in a shifting market landscape.\u201d Their statement reflects concerns over maintaining competitiveness while navigating evolving demand patterns in Vietnam\u2019s casino sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Vietnam\u2019s legal framework for casino operations, particularly <strong>Decree No. 03\/2020\/ND-CP on casino management and licensing<\/strong>, requires operators to sustain strong financial health to retain licenses and maintain sustainable operations. The persistent losses at Corona raise questions about compliance with capital adequacy and operational viability standards mandated by law, potentially triggering closer scrutiny by the <strong>Ministry of Finance<\/strong> and other regulatory authorities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"407\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/phu-quoc-corona-resort-casino-posts-21-million-loss-in-1h252.jpg\" alt=\"\" class=\"wp-image-13771\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/phu-quoc-corona-resort-casino-posts-21-million-loss-in-1h252.jpg 724w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/phu-quoc-corona-resort-casino-posts-21-million-loss-in-1h252-300x169.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The financial setbacks at the resort mirror wider challenges facing Vietnam\u2019s nascent casino industry, where limited local participation persists despite a three-year pilot program permitting locals to gamble. Furthermore, the COVID-19 pandemic sharply reduced tourism inflows, hampering revenue growth and recovery efforts. The erosion of equity and rising leverage could hinder future financing opportunities and slow investment in infrastructure projects aimed at diversifying Vietnam\u2019s gaming economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/quang-ninh-approves-2b-van-don-casino-to-boost-vietnams-gaming-sector\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quang Ninh approves $2b Van Don casino to boost Vietnam\u2019s gaming sector<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As financial pressures intensify, regulatory actions and strategic market reforms may be critical in stabilizing Corona Resort\u2019s outlook or exacerbating its vulnerabilities. The resolution of this complex situation will have significant implications for the future development and sustainability of Vietnam\u2019s casino sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A spokesperson for Phu Quoc Tourism Development and Investment JSC, the casino\u2019s parent company, acknowledged the gravity of the situation: \u201cThe widening losses underscore the urgent need to reassess our strategic approach, balancing local gaming initiatives and international visitor engagement in a shifting market landscape.\u201d <\/p>\n","protected":false},"author":1,"featured_media":13772,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[2323,57,2311],"class_list":["post-13770","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-vietnam","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phu quoc corona resort &amp; 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