Tag Archives: Cambodia
Cambodia – NagaWorld’s mass gaming revenues back to 99 per cent of pre-pandemic level
NagaCorp has said it has seen a full recovery of its mass gaming at its NagaWorld casino in the Cambodian capital of Phnom Penh with a return to 99 per cent of the revenues achieved before the pandemic. It said the NagaWorld ‘continued to record recovery of the gaming business volumes in the first quarter…
Cambodia -Century Entertainment says Dara Sakor casino opening by late April
Century Entertainment is expecting the delayed launch of mass table gaming operations at a new casino in Dara Sakor, Cambodia to now take place late April due to the COVID-19 pandemic. Century’s relocation of gaming tables from a casino at its previous location at Sunshine Bay Hotel in Sihanoukville was originally planned for February. Century…
Cambodia – Closures see Cambodia’s tax revenue halved in 2020
Tax from Cambodia’s 193 licensed casinos dropped by over 50 per cent in 2020 from US$85m in 2019 to US$40m in 2020. Cambodia’s casinos were closed from April 2 2020 with some reopening in August and others in October. In November, Cambodia approved new legislation on the Management of Integrated Resorts and Commercial Gambling (LMCG),…
Cambodia – NagaWorld back up to 95 per cent of pre-pandemic mass revenue
Since the re-opening of the casino businesses on July 8 2020, NagaCorp recorded an initial recovery rate, compared to the pre-closure period of 1Q2020, of about 95 per cent for the Mass Market Segment and about 69 per cent for the VIP Market Segment. The satisfactory recovery of the gaming business volumes and revenues was…
Vietnam – Donaco generates positive EBITDA for three consecutive months
Vietnamese and Cambodian operator Donaco International, generated positive EBITDA in each of the final three months of the half year, with Aristo and Star Vegas reopening and operating on a limited basis, as the Vietnam/China and Cambodia/Thailand borders remain closed. Donaco posted a positive group EBITDA of A$0.2m for 1H FY21, with the final three…
Cambodia – Cambodian casino town on lock down following surge in COVID-19 cases
The Preah Sihanouk Province Hall have ordered a ‘No in and No Out’ policy in Sihanoukville following 95 new cases of COVID-19 in the Cambodian casino town, except for the movement of cargo, goods vehicles and ambulances. Cambodia’s Ministry of Health said the cases were linked to a hotel quarantine breach in Phnom Penh but…
Cambodia – Star Vegas and Aristo reopenings see Donaco return to positive EBITDA in December
Since the reopening of the Star Vegas Resort in Cambodia in late September, and the Aristo International Hotel in Vietnam, the December quarter was a turnaround period for Donaco with a return to positive EBITDA of A$3.70m and negative EBITDA of A$0.13m respectively, resulting in positive EBITDA of A$3.57m for the overall group. The result…
Cambodia – Donaco receives approval for settlement of all legal cases for Star Vegas
Donaco International has secured approval from lender Mega Bank on the settlement of all legal cases for the Star Vegas Resort and Club. The waiver is in relation to the successful settlement of all legal cases with the Thai Vendor as part of the provisions of a Facility Agreement with the lender. Donaco stated: “Donaco…
Vietnam – Donaco reports positive EBITDA at Star Vegas and Aristo
Since the reopening of the Star Vegas Resort and Club in Cambodia in late September, and the Aristo International Hotel in Vietnam, Donaco International has seen two months of positive EBITDA for October and November, of US$0.54m and USD$0.8m respectively for the overall group. The growing trend has continued into December and the Company is…
