Vietnam Casino Resorts Still Struggle for Profit
Vietnam’s large integrated casino resorts continue to report losses despite stronger domestic gambling demand, rising tourism numbers and sizable tax contributions to the state budget. Recent disclosures and official figures show that billion-dollar developments in the country are still facing pressure from heavy investment costs and depreciation expenses. The latest numbers from Phu Quoc Tourism Development and Investment JSC show that Corona Resort & Casino Phu Quoc had accumulated losses of more than VND5.8 trillion (US$220 million) by the end […] The post Vietnam Casino Resorts Still Struggle for Profit appeared first on World Casino News.
Vietnam’s large integrated casino resorts continue to report losses despite stronger domestic gambling demand, rising tourism numbers and sizable tax contributions to the state budget. Recent disclosures and official figures show that billion-dollar developments in the country are still facing pressure from heavy investment costs and depreciation expenses. The latest numbers from Phu Quoc Tourism Development and Investment JSC show that Corona Resort & Casino Phu Quoc had accumulated losses of more than VND5.8 trillion (US$220 million) by the end […]
The post Vietnam Casino Resorts Still Struggle for Profit appeared first on World Casino News.
