Walt Power appointed new CEO of Ho Tram, outlines plan to succeed without locals
Walt Power, the former CEO of South Shore Holdings, has vowed to reverse the fortunes of historically-embattled Vietnamese integrated resort Ho Tram after being named Chief Executive Officer of Ho Tram Project. Power takes over at Ho Tram after US...
Read moreCurrent issue
Suncity Group venture granted casino operating license for Vietnam IR Hoiana
Hoi An South Development Co Ltd (HASD), the Vietnam-based joint venture of which Suncity Group holds a 34% stake, has been granted a casino operating license for its Vietnamese integrated resort, Hoiana. In a Hong Kong Stock Exchange filing, Suncity...
Donaco reopens Vietnam casino but China border closure limiting operations
Australian-listed Donaco International Ltd says it has reopened its casino at Aristo International Hotel in Lao Cai, Vietnam, following the government’s decision to ease restrictions on non-essential service establishments. However, the casino is operating on a limited basis given the...
Vietnam’s Royal Casino Ha Long Bay to reopen Tuesday
Royal Casino Ha Long Bay will become the latest Vietnamese casino to reopen its doors on Tuesday, albeit with a range of social distancing measures in place following a recent government decision to slowly ease COVID-19 restrictions. According to management...
Vietnam’s Corona Resort & Casino open again but operations limited
Vietnam’s only casino available to locals, Corona Resort & Casino on Phu Quoc Island, is back open and operational following a three-week closure to slow the spread of COVID-19. The US$2.1 billion resort, which opened its first phase in January...
Current issue
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...
Rising Ha Long casino revenues can’t save Vietnam’s Royal International Corporation from widening 1Q20 losses
Royal International Corporation (RIC), operator of the largest casino in Vietnam’s Quảng Ninh Province near Hanoi, Royal Casino Ha Long, reported a loss of VND33 billion (US$1.4 million) in 1Q20, suggesting a downward trend following a loss of VND73 billion...
Donaco extends closure of Vietnam casino for another week as PM hints at easing restrictions
Donaco International Limited has extended by seven days the temporary closure of casino operations at Aristo International Hotel in Lao Cai, Vietnam, amid the ongoing COVID-19 pandemic. The extension comes despite comments made by Vietnam’s Prime Minister, Nguyen Xuan Phuc,...
