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Corona Resort reports VND5.8tn loss through December 2025

Deals & M&A

Corona Resort & Casino Phu Quoc recorded a net loss exceeding VND5.8 trillion through December 2025, according to financial reports published by Phu Quoc Tourism Development and Investment JSC. The report says the loss rose by more than VND900 billion from the prior period; government figures cited in the report show local gamblers generated an estimated 88% of casino revenue in the pilot project from 2019 to 2024.

The loss and revenue figures indicate that higher domestic casino participation has not yet produced profits for the resort.

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Deals & M&A

France's competition authority approves Banijay's Joa acquisition without conditions

France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.

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