• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 4 February 2023
    • 中文
    • 日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Donaco extends closure of Vietnam casino for another week as PM hints at easing restrictions

Ben Blaschke by Ben Blaschke
Tue 21 Apr 2020 at 09:56
Deconstructing  Donaco

Donaco’s Aristo International Hotel in Vietnam

17
SHARES
390
VIEWS
Print Friendly, PDF & Email

Donaco International Limited has extended by seven days the temporary closure of casino operations at Aristo International Hotel in Lao Cai, Vietnam, amid the ongoing COVID-19 pandemic.

The extension comes despite comments made by Vietnam’s Prime Minister, Nguyen Xuan Phuc, on Monday suggesting that some social distancing restrictions may be eased in certain parts of the country later this week.

While more details on such measures will be announced by the government on Wednesday, Donaco said in a Tuesday filing that it will keep Aristo closed for at least one more week.

“The Company believes the current COVID-19 situation poses a risk to the health and safety of staff and visitors at Aristo if operations resumed, which could have adverse long-term consequences for Donaco,” it said.

“The Company’s Star Vegas Casino operations in Poipet, Cambodia also remain temporarily closed in line with Government restrictions.

“The Board and Management will continue to proactively monitor developments in the rapidly changing COVID-19 situation and swiftly provide further updates in due course.”

Donaco recently revealed an estimated cash burn of up to US$900,000 per month while its casinos in Vietnam and Cambodia remain closed, adding it has cash reserves to survive for more than a year.

RelatedPosts

Donaco looks inward as Lee Bug Huy named new CEO

Full reopening of Cambodian casino Star Vegas drives Donaco to US$1.3 million in Q4 EBITDA

Wed 1 Feb 2023 at 04:32
South Korea drops quarantine requirement for unvaccinated arrivals

South Korea drops indoor mask mandate as COVID cases hit seven-month low

Tue 31 Jan 2023 at 05:19
Tourism troubles

Macau Economic Association says economy will recover inside three months

Tue 17 Jan 2023 at 04:02
Gaming operators agree to arrange accommodation for non-residential workers

Macau daily visitor arrivals move above 50,000 as hopes rise for strong Chinese New Year

Mon 16 Jan 2023 at 07:01
Load More
Tags: Aristo international hotelcovid-19Donaco InternationalVietnam
Share7Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: Macau GGR recovery: A New Hope

Editorial: Macau GGR recovery: A New Hope

by Ben Blaschke
Wed 1 Feb 2023 at 02:17

The speed with which Macau’s short-term prospects have turned around since the start of the year is nothing short of...

Publication of record

Publication of record

by Andrew W Scott and Ben Blaschke
Wed 1 Feb 2023 at 01:44

It has been quite the ride for Inside Asian Gaming, from a small 40-page pilot publication back in September 2005...

Missing in action

Missing in action

by David Green
Wed 1 Feb 2023 at 00:55

Macau’s concessionaires have committed to spending a combined US$13.5 billion on non-gaming attractions over the next 10 years, but they...

Return of the ICE age

Return of the ICE age

by Ben Blaschke
Wed 1 Feb 2023 at 00:43

A full-sized ICE London returns for the first time in three years in February, with organizers promising the biggest show...

Softswiss
Evolution Asia
Aristocrat
Solaire
Solaire
Beter
Beter
IGT

Related Posts

GKL closes third casino as South Korean COVID cases surge again

Grand Korea Leisure casino revenues up 5% in January

by Newsdesk
Fri 3 Feb 2023 at 12:35

The positive recovery trajectory of South Korea’s foreigner-only casino industry has continued into 2023 with Grand Korea Leisure (GKL) reporting a 230% year-on-year increase and 5.0% sequential increase in casino revenue to KRW32.1 billion in January. The January result follows...

China confirms resumption of tour groups to Hong Kong and Macau from Monday

China confirms resumption of tour groups to Hong Kong and Macau from Monday

by Pierce Chan
Fri 3 Feb 2023 at 12:10

The Hong Kong and Macao Affairs Office of the State Council announced Friday that the operation of group tours for mainland China residents to Hong Kong and Macau will resume on 6 February. This comes after the Ministry of Culture...

Konami reveals strong growth for Gaming and Systems segment despite group-wide declines in 1H20

Konami’s gaming and systems segment books 49% revenue growth through December

by Newsdesk
Fri 3 Feb 2023 at 06:52

Japan’s Konami Group reported a 5.5% increase in group-wide revenue to JPY226.9 billion (US$1.76 billion) in the nine months to 31 December 2022, with its Gaming and Systems segment showing the greatest gains – up 49.2% year-on-year to JPY27.9 billion...

SOFTSWISS to showcase new standalone payment gateway system FinteqHub at ICE London

SOFTSWISS to showcase new standalone payment gateway system FinteqHub at ICE London

by Newsdesk
Fri 3 Feb 2023 at 05:40

iGaming platform provider SOFTSWISS will launch its new standalone payment gateway system, FinteqHub, at ICE London next week. According to information released overnight, FinteqHub provides access to integrations with various payment systems via a single platform, allowing businesses to manage...


IAG

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2023
Inside Asian Gaming.
All rights reserved.