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...
Read moreCurrent issue
Corona shines
Vietnam’s first casino permitting local play is a world class resort in a burgeoning luxury destination. These virus smitten days, there could hardly be a worse name for a property than Corona. Beyond that bit of bad luck, though, the...
Vietnam’s first casino for locals saw more visitation from foreigners before virus shutdown
Vietnam’s first and so far only casino in which locals are allowed to gamble, the ironically named Corona Resort and Casino in Phú Quốc, was attracting more visitation from foreign guests than locals in the months prior to the COVID-19...
Suncity Group announces Vietnam IR Hoiana to launch in 2021
Suncity Group has delayed the launch of its Vietnam integrated resort, Hoiana, until 2021 due to disruption caused by the global coronavirus pandemic. The news formed part of the listed firm’s 2019 results announcement overnight, which saw a widened loss...
Majority owner of Vietnam IR Hoiana granted new US$34 million cash injection
Hong Kong-listed Suncity Group has announced a new loan of US$34 million to the subsidiary that holds a majority stake in Vietnam integrated resort Hoiana as the project edges ever closer to launch. The latest in a series of recent...
Current issue
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...
Developer of new casino resort project in Vietnam’s Khanh Hoa Province issues call for investment partners
Vietnam’s KN Cam Ranh Company Limited has announced its intention to develop a series of partnerships for the investment and operation of an integrated resort project in Vietnam’s Khanh Hoa Province, called KN Paradise Cam Ranh Integrated Resort. The partnership...
World Poker Tour cancels all Asian events until May due to Coronavirus impact
The World Poker Tour (WPT) has cancelled or postponed all of its Asia-Pacific events for the next three months as a result of the widespread disruption to regional travel caused by the Coronavirus. The decision means that next month’s WPT...
