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Australia-listed Donaco International Ltd, an operator of a border casino in Cambodia and another in Vietnam, says it is in the “final negotiation stages” for appointing a new chief executive.
A total of 21 casinos in Cambodia’s coastal province of Sihanoukville, among venues shuttered due to Covid-19, have petitioned the authorities for permission to resume operations, the Phnom Penh Post reported on Wednesday, citing Preah Sihanouk provincial government spokesman Kheang Phearum.
Australia-listed casino operator Donaco International Ltd confirmed in a Wednesday filing it has not yet received a Cambodian-government inspection of its Star Vegas Resort and Club (pictured in a file photo) in Poipet, which it says is necessary in order to reopen after its temporary closure from April 1, as a Covid-19 countermeasure.
Australia-listed casino operator Donaco International Ltd says it has successfully completed a share exercise it flagged earlier this month, and is raising AUD14.4 million – about US$10.3 million at current exchange rates – before costs.
The temporary suspension of casino operations at the NagaWorld complex (pictured) in Cambodia from April to July as a safeguard against the spread of Covid-19 “will hurt earnings and credit metrics in 2020,” said Moody’s Investors Service Inc, in its latest scheduled review of the resort’s owner, Hong Kong-listed NagaCorp Ltd.
Cambodian prime minister Hun Sen said on Friday that casinos across the nation would be allowed to resume operations if they met health requirements to prevent Covid-19 outbreaks at their venues.
NagaCorp Ltd, operator of a large casino resort in Cambodia, is proposing an international offering of notes to “investors in Asia and Europe” against the backdrop of a pause in its gaming operations amid the Covid-19 pandemic.
Australia-listed casino firm Donaco International Ltd confirmed in a Tuesday filing a seven-day extension to the temporary shutdown of its gaming operations at the Aristo International Hotel in Lao Cai, Vietnam. An initial 15 day shuttering amid the Covid-19 pandemic had run until April 15.
Donaco International Ltd says payments linked to settlement of a long-running dispute with people that sold the firm Star Vegas Resort and Club (pictured), a Cambodia casino complex, are to be deferred pending approval by a key lender to Donaco, Taiwan’s Mega International Commercial Bank Co Ltd.
Australia-listed casino operator Donaco International Ltd confirmed in a Tuesday filing that the casino at its Star Vegas Resort and Club in Poipet, Cambodia, would close on a “temporary” basis, in line with a Cambodian government order covering all such facilities in the country, and which takes effect at 11.59pm on Wednesday (April 1).
Donaco International Ltd, an Australia-listed boutique operator of casinos in Indochina, has announced it is closing “most” of its Star Vegas Hotel.
Donaco International Ltd, an Australia-listed boutique operator of casinos in Indochina, says it is suspending — for two months — all litigation between the company and the former owners of its Star Vegas Resort and Club business in Poipet, Cambodia.
A senior Cambodian police official reportedly said on Tuesday that any person or entity that defied the just-imposed ban regarding online gambling services being based in that country would be labelled “gangsters” and dealt with accordingly.
Hong Kong-listed casino services firm Macau Legend Development Ltd says it has agreed to extend the deadline for acquiring a company owning some Cambodian land that could eventually house a Macau Legend-branded “integrated resort”.
Cambodia’s casino sector still represents a risk for the country in terms of money-laundering prevention and combatting the financing of terrorism. That is according to the Financial Action Task Force (FATF), a global financial watchdog based in Paris, France.
Hong Kong-listed gaming services company Amax International Holdings Ltd says it has reached an agreement with a company controlled by Amax International’s chairman and chief executive Ng Man Sun to take over a gaming table business in a casino located in Sihanoukville, Cambodia.
Hong Kong-listed casino services firm Macau Legend Development Ltd will soon disclose its proposal for a so-called integrated resort – a venue containing a mix of casino space and non-gaming facilities – in Siem Reap, Cambodia.