• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Donaco confirms temporary shutdown of Cambodia casino

Mar 31, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Donaco confirms temporary shutdown of Cambodia casino

Australia-listed casino operator Donaco International Ltd confirmed in a Tuesday filing that the casino (pictured) at its Star Vegas Resort and Club in Poipet, Cambodia, would close on a “temporary” basis, in line with a Cambodian government order covering all such facilities in the country, and which takes effect at 11.59pm on Wednesday (April 1).

“The closure of the casino operations will have a material impact on [the] Donaco Star Vegas casino’s business,” the firm noted in its announcement to the Australian Securities Exchange.

The firm added it was “focused on implementing mitigation strategies to minimise impacts to staff and to conserve liquidity” finance-wise.

The Cambodian government had said in a Monday announcement the shuttering of the nation’s casino industry was to prevent the spread within that country of the novel coronavirus responsible for the Covid-19 infection.

Donaco said in its Tuesday filing: “At this time, the board is unable to advise the impacts on financial performance due to the uncertainty related to the duration of the mandated closure, however, will provide further updates in due course.”

It added: “The company remains in ongoing discussions with principal lender Megabank.”

Donaco had said in a Friday filing it was seeking consent from Mega International Commercial Bank Co Ltd so that Donaco could “fulfil parts of the settlement agreements” it has arranged with the orginal Thai vendors of Star Vegas.

Donaco had announced last week it was closing “most” of its Star Vegas casino property.

The firm explained at the time its decision to scale back operations at Star Vegas followed an announcement by the Thai authorities, stating the border crossing from Thailand into Cambodia via Poipet had been closed for 14 days. The goal was to control the further spread in Thailand of the Covid-19 infection.

Donaco also operates the Aristo International Hotel and associated casino at Lao Cai on Vietnam’s border with China.


  • tweet
Related articles
  • Star Vegas closure at 2 year mark, CEO offers loan facility
    Star Vegas closure at 2 year mark, CEO...

    May 03, 2022  

  • Casino logistics group TKHS expands in Vietnam via JV
    Casino logistics group TKHS expands in...

    Apr 29, 2022  

More news
  • Melco to launch new family attraction at Studio City in June
    Melco to launch new family attraction...

    May 19, 2022  

  • Andrew Lo takes controlling stake in Suncity, Summit Ascent
    Andrew Lo takes controlling stake in...

    May 19, 2022  


Latest News

Melco to launch new family attraction at Studio City in June

Melco to launch new family attraction at Studio City in June

May 19, 2022  

Casino operator Melco Resorts and Entertainment Ltd announced on Thursday that it would launch at the end of June a new, themed zone for “family-friendly” entertainment at its majority-owned...
Read More
Andrew Lo takes controlling stake in Suncity, Summit Ascent

Andrew Lo takes controlling stake in Suncity, Summit Ascent

May 19, 2022  

Okada Manila chair Manuel Lazaro dies aged 87

Okada Manila chair Manuel Lazaro dies aged 87

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
  • New Lim cruise biz only months after GEN HK in liquidationNew Lim cruise biz only months after GEN HK in liquidation May 18, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us