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How is Corona Casino – the first casino in Vietnam doing?

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Although it has only been in operation for one year, the achievements of Corona Casino Phu Quoc in terms of profit and contribution to tourism development in Pearl Island are extremely impressive. 

A tourism hot spot with skyrocketing growth

Corona Casino is a part of Corona Resort & Casino Phu Quoc, located at Dai beach – the second most beautiful beach of “Pearl of the Far East”. With this prime location, it’s not understandable to know why Corona Casino has turned up to be one of the top nightlife options on the Pearl Island.

Officially put into operation in 2018, with a great advantage of being the first legal casino in Vietnam for Vietnamese people, in combination with the luxury accommodation system named Radisson Blu and VinOasis in the same complex. , Corona Casino is attracting a large number of domestic and foreign visitors.

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Corona Casino, Corona Theater and Almaz high-end shopping mall are ideal destinations for luxury resort travel in Phu Quoc – the Pearl Island.

Corona Casino được đầu tư bởi cổ đông chính là VinGroup và vận hành bởi Upffinity Gaming Management, one of the leading casino operators, has its client list of big and longstanding European casinos and big names in Hong Kong and Macao. This legal and management ability assures customers when participating in games at Corona Casino Phu Quoc.

It is estimated that in the first eight months of 2019, the number of domestic and foreign tourists coming to Phu Quoc amounted to 3.44 million, up 40% over the compared to the same period last year, of which the number of tourists registered to stay at Luxury resorts and visit Corona Casino are also up to millions of people, a good number that proves the attraction of this new type of entertainment to the Vietnamese.

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Professional and friendly service, simple, and quick procedures and new and modern facilities make Corona Casino Phu Quoc a top entertainment destination 

Phu Quoc Casino currently owns more than 100 tables for 7 popular games, 1000 slot machines and many satellite facilities including imported furniture, swimming pool, bar and snack bar inside, giving you a splendid relaxation experience and comfort.

Outstanding numbers for tourism and investment

Corona Casino Phu Quoc is one of 7 casinos being licensed to operate in Vietnam, and the first legal casino open to the Vietnamese. Corona Casino Phu Quoc is the only casino in Vietnam having profits currently.

Specifically, Corona Casino Phu Quoc, after the second half of 2019, earned more than VND 600 billion, of which gross profit was VND 307 billion, meaning that for every 100 VND of revenue, the casino earned 50.7 VND of gross profit. This gross profit margin is quite impressive and shows the effective operation of Corona Casino Phu Quoc. It is estimated that, after 5 months of operation, each day this casino earns more than VND 4 billion of revenue and more than VND 2 billion of gross profit.

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Corona Casino is the biggest source of revenue of Phu Quoc Investment & Tourism Development Company in the past half year, accounting for 53% of the total revenue of the company. It is a significant number.

At the same time, its financial statements also show a good sign that the Vietnamese casino “cake” is finally shifting to “home country”, as Vietnamese spending at international casinos each year is estimated at USD 800 million/year.

In addition, Phu Quoc tourism also received the advance payment of more than VND 11 billion under traditional customer program, VND 34.5 billion of deposit, more than VND 7 billion in escrow.

It can be seen that the economic potential of Corona Casino is huge. As an entertainment place, it improves  the nightlife of Phu Quoc island district, shaping the form of luxury resort tourism and creating a difference for the Pearl Island.

In the future, Corona Casino, a pilot casino for the Vietnamese, may even become an industry, similar to how Hong Kong and Macao have transformed themselves into the “Gambling capital” of Asia. This is a great investment opportunity with a long-term profit commitment for investors with strategic vision.

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With the presence of Corona Casino Phu Quoc, the dream of a “Las Vegas of Vietnam” is not far away.