Corona Resort Casino Owner Cuts First-Half Loss By 64%
The company behind Vietnam's Corona Resort & Casino Phu Quoc narrowed its first-half 2026 pre-tax loss to roughly VND203 billion (about $7.8 million), a 64% improvement on the same period last year, according to the semi-annual financial statement it filed with the Hanoi Stock Exchange (HNX).
A Smaller Loss, But Still Under Pressure
Cong ty Co phan Dau tu va Phat trien Du lich Phu Quoc, known by its stock ticker DPQC, disclosed an after-tax loss of more than VND202 billion for the six months to June 30, 2026, down from a much larger loss in the first half of 2025, the filing shows.
Despite the improvement, DPQC's balance sheet remains under significant strain. The company's total liabilities stood above VND51,600 billion (roughly $2 billion) as of the reporting date, according to the same disclosure, even after a capital increase that lifted its charter capital to VND10,000 billion.
Casino Games Hub
Vietnam's Only Foreign-Facing Casino Pilot
Corona Resort & Casino Phu Quoc, which opened in January 2019 inside the Phu Quoc United Center complex, is one of only a small number of casinos in Vietnam licensed to admit Vietnamese nationals on a pilot basis, alongside foreign passport holders.
The pilot scheme, first authorised by the Vietnamese government in 2017, has been repeatedly extended as regulators assess its impact.
DPQC's filing did not break out casino-specific revenue separately from its wider resort and hospitality operations, but the company has previously attributed swings in its results to occupancy at the wider Phu Quoc United Center resort as much as to gaming volumes.
What Comes Next
The narrower loss follows a broader slowdown in construction and tourism financing across Phu Quoc, where several large-scale resort projects have faced delays.
DPQC said in the filing that it continues to service its debt obligations and is not currently in breach of any loan covenants tied to the figures disclosed.
Vietnam's casino sector remains tightly restricted by comparison with regional peers such as the Philippines or Macau, with only a handful of licensed venues and Vietnamese nationals barred from gambling at any casino operating outside the Phu Quoc and a small number of other pilot sites.
Any further loosening of the rules would be set by Vietnam's Ministry of Finance, which oversees casino licensing nationally.
