Donaco says cash reserves enough for year-long casino closures
Southeast Asian casino operator Donaco International Limited says it has enough cash on hand to survive for more than a year on estimated cash burn of up to US$900,000 per month following the closure of its casinos in Cambodia and...
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VIP pushes NagaWorld to 15% GGR growth in 1Q20 as parent pushes through COVID-19 crisis
Cambodian integrated resort NagaWorld showed no signs of slowing down during the first three months of the year with gross gaming revenue rising 15% year-on-year to US$368.9 million on strong growth in VIP. Providing a performance update overnight, Hong Kong-listed...
Donaco awaiting approval from Taiwan bank for settlement with former partners
Southeast Asian casino operator Donaco International Ltd says its settlement with the Thai vendors and owners of the property upon which its Cambodian casino Star Vegas sits is still awaiting approval from its bank – Mega International Commercial Bank Co...
Cambodia orders closure of all casinos from Thursday
All casinos in Cambodia will close from midnight on Thursday following an order from Prime Minister Hun Sen. Under measures to be introduced by the Ministry of Economy and Finance, aimed at combating the spread of COVID-19, all casinos nationwide must...
Donaco shuts down Star Vegas operations following closure of Thailand-Cambodia border
Donaco International Ltd has temporarily closed most operations at its Star Vegas Hotel in Poipet, Cambodia following an announcement by the government of Thailand this week that the border crossing between the two countries would be closed for two weeks....
Donaco reaches settlement with Thai vendors, inks new 95-year lease for flagship casino Star Vegas
Donaco International Ltd has reached a settlement with the Thai vendors and owners of the property upon which its flagship Star Vegas casino sits that will see all legal proceedings immediately dropped and Donaco’s Star Vegas lease renewed for 95...
Donaco to seek financing as Vietnam border casino Aristo feels virus impact
Southeast Asian casino operator Donaco International Ltd says it may need to seek financing to meet its payment obligations as border restrictions between China and Vietnam aimed at controlling spread of the Coronavirus threaten the performance of its Vietnamese casino...
WPT Cambodia announced as first World Poker Tour main tour event in Asia since 2013
The World Poker Tour has announced that it will hold the first WPT main tour event in Asia in seven years with WPT Cambodia scheduled to take place from 21 to 25 July at NagaWorld. Featuring a US$3,500 buy-in main...
