Donaco concludes settlement agreement with Star Vegas following bank approval
Australian-listed Donaco International Limited says it has formally concluded a settlement agreement with the Thai vendors and owners of the property upon which its flagship Star Vegas casino, located in Poipet, Cambodia, sits. The settlement agreement, first announced last March,...
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Chairman and CEO Ng Man Sun to become controlling shareholder in Century Entertainment after capital reorganization
Century Entertainment International Holdings Ltd, the Hong Kong based gaming investor formerly known as Amax International, has announced a capital reorganization and increase in share capital that will see its Chairman, Ng Man Sun, become controlling shareholder. Under the plan,...
“Strategic initiatives” drive Donaco to positive EBITDA in October and November
Australian-listed Donaco International Ltd says it returned to group-wide positive EBITDA in October and November, driven by “strategic initiatives” and cost-cutting measures implemented at its two Southeast Asian casinos. In a business update filed early Friday, Donaco revealed EBITDA of...
NagaCorp boss Dr Chen Lip Keong donates US$5 million to Cambodia’s COVID-19 vaccine fund
NagaCorp Founder and Controlling Shareholder Dr Chen Lip Keong has become Cambodia’s largest individual donor to the fight against COVID-19 after donating US$5 million for the procurement of vaccins. The Khmer Times reports that Dr Chen has given US$5 million...
Losses narrow for Century Entertainment in 1H21 despite suspension of Cambodian gaming table operations
Hong Kong-listed Century Entertainment International Holdings Ltd reported a loss of HK$6.2 million for the six months to 30 September 2020, reduced from HK$13.5 million over the same period in 2019 despite the temporary closure of its gaming businesses in...
Cambodia signs long-awaited casino bill into law
Cambodia’s new gaming bill has officially been signed into law. Seven weeks after the National Assembly gave its nod of approval, and three weeks after being adopted by the Senate, Deputy Director of Cambodia’s Ministry of Economy and Finance, Ros...
NagaCorp to build US$350 million non-gaming resort near Cambodia’s Angkor Wat
NagaCorp Ltd, owner and operator of NagaWorld in Phnom Penh, has revealed plans to develop a US$350 million non-gaming resort in Siem Reap aimed at promoting NagaWorld and UNESCO world heritage-listed Angkor Wat as “twin tourism icons of Cambodia.” The...
Minimal revenue in 3Q20 as Donaco begins long road to recovery
Australian-listed Donaco International Ltd has reported a Group EBITDA loss of AU$2.7 million (US$1.9 million) in the three months to 30 September, hindered by the impact of COVID-19 which saw its casinos in Cambodia and Vietnam either closed or only...
