Hong Kong’s Century Entertainment ceases Cambodian VIP room lease deal
Hong Kong’s Century Entertainment International Holdings Limited, formerly known as Amax International Holdings, has terminated a lease deal with Cambodia’s Crown Resorts Co Ltd to operate a VIP room at Genting Crown Casino in Poipet, Cambodia. The lease deal, which...
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Architecture firm releases spectacular new renderings of Naga3 development featuring highest point in Phnom Penh
Chicago-based architecture firm Skidmore, Owings & Merrill LLP (SOM) has released new renderings of its design for Naga3, the US$3.5 billion expansion of Cambodian integrated resort NagaWorld. The spectacular images, which highlight recent revisions to the design, show three towers...
Donaco revenue down almost 60% in 1Q20 on COVID-19 impact
Donaco International Ltd saw its revenue fall 58.7% to AU$10.5 million (US$6.8 million) and EBITDA drop to negative AU$1.13 million (US$733,000) in the three months to 31 March 2020, heavily impacted by the onset of COVID-19 and the resultant restrictions on...
Donaco reaches agreement with Thai vendors to defer all settlement payments pending bank consent
Southeast Asian casino operator Donaco International Ltd says it has reached an agreement with the Thai vendors of the property upon which its Cambodian casino Star Vegas sits to defer all payments related to a recent settlement agreement, pending bank...
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...
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...
