ASX-listed Donaco International Limited says it will recommence casino operations this Saturday 18 June, almost 14 months since closing its doors due to COVID-19.
The reopening comes after the Cambodian government and local authorities lifted a temporary closure order on all casinos in Banteay Meanchey province, which includes Poipet on the border with Thailand.
Star Vegas closed its doors on 27 April 2021, having been operating on a limited basis and to domestic customers only since 25 September 2020.
In a filing, Donaco said the casino will initially recommence on a limited scale and progressively advance towards full operational capabilities over the coming months in order to assist with the company’s cost management strategy.
“We are delighted to put a prolonged period of COVID disruptions behind us with the reopening of Star Vegas and a return to full-scale operations on the horizon,” said Donaco’s non-executive Chairman Porntat Amatavivadhana.
“The Cambodian border with Thailand has also reopened, which has traditionally been where the vast majority of Star Vegas’ customers originate from.
“In tandem with the favourable macroeconomic conditions, we will maintain our focus on prudent control of corporate and operation costs. Of course, it will take some time before operations return to how they were before, but these external factors are extremely encouraging for our business.”
Donaco also revealed that its Vietnam property, Aristo International Hotel, has recently been acknowledged as the only 5-star hotel in the province of Lao Cai by the Lao Cai Ministry of Culture, Sports and Tourism – a status it will hold for the next five years.
“This presents a major opportunity for Aristo to attract new customers in the long term as the construction of the new Sapa airport in Lao Cai is also underway,” the company said.