Phu Quoc Tourism Investment and Development, owners of Vietnam’s only casino currently open for locals, Corona Resort & Casino, has turned a pre-tax profit of US$4.7m during its first six months of operation.
The US$2.1bn resort, located on Phu Quoc Island, opened in January with a three-year trial period allowing Vietnamese locals to play. Corona operates 100 gaming tables, offering eight types of games such as baccarat, roulette, black jack, sic-bo and several forms of poker, along with 1,000 slot machines from a range of manufacturers, all managed by the Octavian myACP casino management system. It also offers VIP facilities, a private sky casino and three restaurants. It is managed by Upfinity Gaming Management from the Netherlands.
Whilst Phu Quoc Tourism reported a 10 per cent fall decline across all its activities during the first half of 2019 to US$49.7m, its casino generated over half the total accounting for US$26.1m and was the only segment to produce a profit.