The "trouble" of R&F Mangrove Bay 188bet Online Sports Betting and Casino has not been resolved yet.

September 17，Hainan Daily official WeChat ID article display，For the occupation of forest land by R&F Mangrove Bay Project、Illegal behaviors such as destroying mangroves and building without approval，Relevant functional departments in Chengmai County, Hainan have punished R&F 188bet Online Sports Betting and Casino Company in accordance with laws and regulations、Seriously hold those responsible to account，As of August this year，11 people have been held accountable。All projects under construction in R&F Mangrove Bay have been suspended、Searching illegal construction sites，Suspension of project commercial housing sales and commercial housing-related 188bet Online Sports Betting and Casino registration procedures。

The article also mentioned，Road cards are jointly set up by Chengmai County Forestry Bureau and other functional departments，Carry out daily inspections on the R&F Mangrove Bay 188bet Online Sports Betting and Casino site，Check the incoming and outgoing construction vehicles，Prevent violations from happening again。

There is an atmosphere of "strictly guarding" and tense response.

The staff of Hainan R&F 188bet Online Sports Betting and Casino Development Co., Ltd., a subsidiary of Guangzhou R&F 188bet Online Sports Betting and Casino Co., Ltd. (referred to as: R&F 188bet Online Sports Betting and Casino) told Zhihui，From May 1st to present，R&F Mangrove Bay project has been suspended for sale and construction，We will actively cooperate with the government in verification and rectification。About when the ban may be "lifted"，It has not been disclosed。

Hainan’s “Environmental Protection Storm”，From last year to now，And it may continue。High-level voices in Hainan’s intention to get rid of 188bet Online Sports Betting and Casino dependence are still being released。

Under these circumstances，Will the trend of Hainan’s cultural tourism 188bet Online Sports Betting and Casino and even the entire 188bet Online Sports Betting and Casino industry change?？

11 people were held accountable, and the 188bet Online Sports Betting and Casino was suspended for sale and construction

R&F 188bet Online Sports Betting and Casino is planned to be a market worth over 10 billion yuan.

According to the official WeChat article of the Ministry of Ecology and Environment on August 9，1995-1996，Hainan Overseas Chinese Farm transferred 7,873 acres of land in Huachang Bay to Hainan Province Zhongda Tourism Company and other enterprises in the name of tourism land，From 2009 to 2011, 7852 acres were successively transferred to Hainan R&F 188bet Online Sports Betting and Casino Development Co., Ltd.。

These should be the sources of land for the R&F Mangrove Bay 188bet Online Sports Betting and Casino.

According to government public information in Chengmai County, 188bet Online Sports Betting and Casino Province in March 2013，R&F Mangrove Bay project is located at the Chengmai Sanlin exit of 188bet Online Sports Betting and Casino West Expressway (within the jurisdiction of the Yanding Operation Area of ​​Chengmai Overseas Chinese Farm)，Total land area 7852 acres，The floor area ratio is only 0.45，The greening rate is as high as 40%，Total construction area 2786453 square meters。

The main function set of the project is ecological landscape、Sports、Shopping and leisure、A high-end eco-tourism resort community integrating vacation and residence，The total investment amount will exceed 15 billion。The project is the largest eco-tourism 188bet Online Sports Betting and Casino project in western Hainan Province，It is the first major project to start construction in the western region after Hainan Province made a major decision to accelerate the development and construction of the western region，It is also one of the key construction projects in Hainan Province。

Also，The 188bet Online Sports Betting and Casino construction includes mangrove ecological holiday house、Golf View Vacation Home、Five-star resort hotel、Mangrove Wetland Protection Park、International standard golf course、International Yacht Club，and bank、Shopping Mall、Supermarket and other related supporting facilities。

At that time，The first phase of the 188bet Online Sports Betting and Casino has begun to take shape，Completed investment of 5.6 billion yuan，Building area 450,000 square meters，Another 2,200 acres of wetland mangrove park has been built，The five-star Hilton Hotel was completed and put into operation in October 2015。

(Hainan R&F Mangrove Bay Traffic Map。Source: Hainan R&F 188bet Online Sports Betting and Casino Development Co., Ltd. official website)

April this year，R&F Mangrove Bay “encountered setbacks”，The problem of mangrove destruction during 188bet Online Sports Betting and Casino construction was disclosed by the media。

The local media in 188bet Online Sports Betting and Casino reported that，Local villagers in Chengmai County complained that the Mangrove Bay project “buried alive” a large area of ​​mangroves、Tear down the boundary posts of the protected area。

May 1，The Housing Security and 188bet Online Sports Betting and Casino Administration Bureau of Chengmai County, Hainan Province issued the "Notice on Suspension of Commercial Housing Sales of R&F Mangrove Bay Project"，mentioned in it，To Hainan Sanlin Tourism Development Co., Ltd.、The sales license of all commercial housing in the R&F Mangrove Bay project developed and constructed by Hainan R&F 188bet Online Sports Betting and Casino Development Co., Ltd.，Stop the online signing system for commercial housing contracts of relevant companies。Also mentioned，During the suspension of sales license，Related companies are not allowed to sell or promote commercial housing in this project，Until the suspension lifting notice is issued。

The incident continues to ferment.

August 9，The official WeChat ID of the Ministry of Ecology and Environment issued a document "Typical Case (1)丨Chengmai County, Hainan Reclamation"、Destruction of mangroves》mentioned，In the land owned by Hainan R&F 188bet Online Sports Betting and Casino Development Co., Ltd. (hereinafter referred to as "Hainan R&F")，There are 4641.61 acres of mangrove area，and tidal flat、fish pond、Oceans and other sea areas，Located within a marine protected area。

Mentioned in the article，The company is in the process of developing the Mangrove Bay 188bet Online Sports Betting and Casino project，Continuously encroaching on marine protected areas，Since 2016, this project has occupied 92 acres in the core area of ​​Huachangwan Mangrove Nature Reserve in Chengmai County，It has not been restored to its original state yet。According to inspection records of relevant departments in Chengmai County，Mangroves were destroyed five times during the construction of the Mangrove Bay project，About 4,700 mangrove trees have been destroyed in total。April 2019，The Mangrove Bay project continues to construct 188bet Online Sports Betting and Casino within the protected area through reclamation，so as to hinder the interaction of tides，Cause 9.1582 mangrove trees died within the 69-acre protected area。

(188bet Online Sports Betting and Casino R&F reclamation causes mangroves to die。Source: Official WeChat ID of the Ministry of Ecology and Environment)

Until September 17th，Hainan Daily’s official WeChat account mentioned it，Occupying forest land for the project、Illegal behaviors such as destroying mangroves and building without approval，The relevant functional departments of Chengmai have punished R&F 188bet Online Sports Betting and Casino Company in accordance with the law、Seriously hold those responsible to account，As of August this year，11 people have been held accountable。All projects under construction in R&F Mangrove Bay have been suspended、Searching illegal construction sites，Suspension of project commercial housing sales, etc.。

September 18，188bet Online Sports Betting and Casino R&F staff told Zhihui，For specific information, please refer to the government announcement，Will cooperate with the government to verify and rectify，The project has indeed stopped selling commercial housing since May 1st、Project under construction，It has been suspended since then。

R&F’s cultural 188bet Online Sports Betting and Casino layout encountered a “severe setback”

The current situation of R&F Mangrove Bay，R&F’s cultural and 188bet Online Sports Betting and Casino layout and even R&F as a whole，This is a big “blow”。

Mentioned in media reports，According to 188bet Online Sports Betting and Casino R&F’s public data，As of early 2019，The total investment in the Mangrove Bay project is approximately 10 billion yuan。However, the above-mentioned 188bet Online Sports Betting and Casino R&F staff expressed their opinions on the benefits，It is not convenient to reply to the progress of the project under construction。

Hainan can be called an important position for R&F Cultural Tourism 188bet Online Sports Betting and Casino.

Qichacha information display， R&F Cultural Tourism Development Co., Ltd. was established on November 5, 2018，95% directly held by Guangzhou R&F 188bet Online Sports Betting and Casino Co., Ltd.，The business scope includes "tourism industry with its own funds、188bet Online Sports Betting and Casino Industry、Culture、Film and TV、Amusement Park、Retirement care project investment;Development of tourism projects、Construction;Culture、Film and TV、Science popularization project facility construction;Amusement park project investment..."。R&F 188bet Online Sports Betting and Casino has officially entered the cultural tourism field。

(R&F’s cultural, sports and 188bet Online Sports Betting and Casino system。Source: R&F Group official website)

According to the official website of R&F Group，R&F’s cultural and sports 188bet Online Sports Betting and Casino system mainly consists of theme parks、Resort Hotel、Healthy catering、Health and entertainment、Composed of special exhibitions, starry sky camps and other sections，Its travel and vacation products are equipped with entertainment、Sports、Business、Five major medical and dietary centers。

Overall view，Sports、Medical care is an important component，R&F in football、The existing layout of high-end hospitals and other aspects has laid a certain foundation，For it to build cultural tourism 188bet Online Sports Betting and Casino in the form of health care or leverage to acquire land，All helpful。

Hainan R&F official website information display，R&F 188bet Online Sports Betting and Casino Hainan Company is currently in Haikou、Chengmai、Lingshui、Wenchang、Lingao and other areas reserve sufficient high-quality land，There are 8 projects under construction and for sale: R&F Capital、R&F Bay、Yingxi Valley、Mangrove Bay、Moon Bay、Yuewanwan、Yueshan Lake、R&F Ocean World。Including multiple cultural tourism 188bet Online Sports Betting and Casino projects。

Information display obtained by Zhihui，R&F 188bet Online Sports Betting and Casino has now established health care and medical services in Hainan、Sports Tourism、Ocean Tourism、Cultural, business and tourism development、International hotels and other sectors。The Ocean World project is the largest tropical ocean theme park in Asia，An area of ​​2,000 acres，Total investment 15 billion yuan，To build Hainan Island’s first purely ecological marine resources theme park。"Hainan Daily" reported in April，This project is expected to usher in the trial operation of the first phase of the park within this year。

R&F 188bet Online Sports Betting and Casino 2018 Annual Report Display，The total unfinished construction area of ​​Mangrove Bay (excluding Hilton Hotel) in the current period is 150.20,000 square meters，At the same time, R&F Bay (excluding Marriott Hotel)、Yuewanwan、Moon Bay、Hongqi Town、R&F Capital、The total unfinished building area of ​​Yueshan Mansion is 191.4 square meters。In R&F’s Hainan stock resources，The status of R&F Mangrove Bay is evident。

Although it is not known until May 1st，R&F Mangrove Bay’s latest 188bet Online Sports Betting and Casino construction progress，But construction and sales have been suspended since then，It still has a considerable impact on its commercial housing sales revenue。

Based on the current sales situation of commercial housing in this project，And how long the pause will be、Seeking information on the lifting time and other information，The above-mentioned 188bet Online Sports Betting and Casino R&F staff did not disclose，And said it is “difficult to judge” how much impact the suspension of commercial housing sales will have on 188bet Online Sports Betting and Casino R&F and even R&F as a whole。

Can R&F 188bet Online Sports Betting and Casino "get out of trouble and lift the ban"?

R&F Mangrove Bay is suspended for sale and construction，For R&F Properties，First of all, Hainan 188bet Online Sports Betting and Casino sales target is under direct pressure，In turn, it affects the income of the entire 188bet Online Sports Betting and Casino sector。

188bet Online Sports Betting and Casino has not been having a good time lately.

According to R&F 188bet Online Sports Betting and Casino’s 2019 interim report，The net profit is 41.700 million yuan，YoY growth 2.2%，Net profit attributable to shareholders 40.2.7 billion yuan，YoY growth 2.66%。And the net profit reported in 2018、Net profit attributable to shareholders increased by 64% year-on-year、63.28%，Much higher than the same period in 2019。

According to R&F 188bet Online Sports Betting and Casino’s plan，Its sales target for 2019 is 160 billion，An increase of 23 compared to last year’s 130 billion.1%。But in the first half of this year，its equity sales is 602.200 million yuan，Only 37 completed the annual goal.64%。

Although Li Silian, chairman of R&F Properties, said at the interim results meeting，R&F’s equity contract sales in the second half of the year will be around 90 billion-100 billion，Probably 150 billion can be completed throughout the year、About 160 billion，But combined with the current market environment，And the "variables" of R&F 188bet Online Sports Betting and Casino，There may still be a question mark to achieve this goal。

At the same time，R&F 188bet Online Sports Betting and Casino’s debt pressure is rising，As shown in its 2019 interim report，The company’s short-term borrowings for the current period are 15.3 billion yuan，The long-term loan should be repaid 42.6 billion in the current period，The two total 59.7 billion yuan，14% year-on-year increase。

Other data is shown，R&F 188bet Online Sports Betting and Casino’s net debt-to-equity ratio has also increased year by year，Among them 2015-2017，124 respectively.3%、159.9% and 169.6%，By the first quarter of this year，has risen to 210%，The funding gap exceeds 10 billion yuan。

188bet Online Sports Betting and Casino’s even harder to get money from the capital market。Mentioned in Tencent’s “Prism” report，2018，The average financing cost of R&F Properties is 5.74%，By the first half of 2019，The domestic financing cost is 6.27%，Overseas financing cost is 7.29%。

All kinds of things，R&F 188bet Online Sports Betting and Casino’s demand for high turnover and increased payment collection is naturally obvious。

According to previous reports by "Prism"，Li Silian on July 26 this year，Personally drafted a "Notice on Requiring Regional Companies to Ensure the Completion of Sales Tasks"。This document is distributed to the whole company，Proposed that the focus of work in the second half of 2019 should be around “promoting sales、Carry out money recovery” launch，And in principle, land acquisition will be suspended in the second half 188bet Online Sports Betting and Casino year。

Report mentioned，This document clearly emphasizes，Company Finance、Development、Engineering and other departments should work with sales as the center，Go all out to achieve sales targets；Insist on universal marketing，Intensify promotion efforts，Make completing the 188bet Online Sports Betting and Casino sales target the first priority，Pursue to maximize 188bet Online Sports Betting and Casino profits on the basis of ensuring sales。

Later，At the 2019 interim report performance meeting in August，Li Silian made a clarification，Indicates that R&F does not stop acquiring land at all，Also mentioned in the document，In case of special circumstances such as high-quality land projects，Can be submitted separately to the chairman 188bet Online Sports Betting and Casino group for approval。

Can R&F 188bet Online Sports Betting and Casino’s dilemma be overcome?，As one of the important places, Hainan plays an important role，But the 188bet Online Sports Betting and Casino “climate” here is not very optimistic at the moment。

Recent，The 188bet Online Sports Betting and Casino Provincial Government issued the "Implementation and Management Measures for the Provincial, Municipal and County Master Plan of 188bet Online Sports Betting and Casino Province (Trial)"，Strict development space control。Among them，In terms of planning and implementation，Strict ecological protection red line protection, etc.；It is particularly clear，Provincial ecological protection red line、Permanent basic farmland、Adjustments to the layout of ecological public welfare woodlands，Need to go through the State Council in accordance with the law、Consent from relevant national departments or provincial governments。

In the recent response involving Hainan’s economic development，Mentioned by senior officials of Hainan Province，In terms of conversion of old and new kinetic energy，Hainan is mainly focusing on reducing the economy’s dependence on 188bet Online Sports Betting and Casino。Hainan has been in the country for a long time，The contribution of 188bet Online Sports Betting and Casino to investment and fiscal revenue is about 50%，The economy relies heavily on 188bet Online Sports Betting and Casino。Due to limited land resources，The ecological environment has limited carrying capacity，Such development is unsustainable。Hainan must “avoid history repeating itself”。

Looking at the big picture，Hainan’s economic transformation、Industrial upgrading, etc.，There will still be a process，Regardless of the situation where tourism development is at a higher level，Still in need of economic contribution，188bet Online Sports Betting and Casino will also play a certain role，However, 188bet Online Sports Betting and Casino developers face environmental pressure on projects、The government’s “warm” attitude will also see some changes。

This may determine the lifting time of R&F Mangrove Bay、How to unlock，and similar projects、The space for 188bet Online Sports Betting and Casino developers similar to R&F to move forward in Hainan。

(The author of 188bet Online Sports Betting and Casino article is Zeng Jianzhong, editor-in-chief Zhi Hui)