Tag Archives: Star Vegas
Cambodia – Donaco ‘in advanced discussions’ to replace CEO and board members
Problems continue to mount at Australian casino operator Donaco International’s with the resignation of its CEO, following in the footsteps of more than half of its board members last week. Mr Arbuckle, who has only been in his position for six months, has provided six months’ notice, and his final day with the company is…
Cambodia – Donaco wins legal round against former Star Vegas owner but battle continues
Australian-listed Donaco International has won a ruling by the Appeal Court in Phnom Penh, Cambodia against the former Thai of the Star Vegas business who it says has conducted a campaign of legal harassment against the company in Cambodia. Donaco has initiated a series of lawsuits against Thai businessman Somboon Sukcharoenkraisri, the man who it…
Cambodia – Star Vegas showing signs of improvement for Donaco
A tough last year and a half of trading could be easing off for Cambodian and Vietnamese casino group Donaco International, who has shown a ‘very strong improvement’ in GGR. The Australian-listed casino group has become embroiled in an operating nightmare at its Cambodian casino StarVegas and has been forced to initiate a series of…
Cambodia – Star Vegas impairment charge leaves Donaco at a loss
Donaco International, an Australia-listed Asia casino operator, suffered a loss after tax of US$133m for the year ending June 30 due to an ongoing legal dispute with its Star Vegas casino in Cambodia. Group revenue was down to $86.3m with Star Vegas impacted by competition from the nearby Winsor, Paramax and the new Galaxy casinos…
Cambodia – Donaco rebuilding Star Vegas’ revenues
Donaco International has said that its Star Vegas business in Cambodia continues to rebuild, recovering from the ‘damaging effect of the Thai vendor’s breaches of contract and the resulting illegal competition in the Poipet area.’ Management has been successful in signing up a number of new VIP junkets to replace those that left the property…
Cambodia – RGB to replace 900 slots at Donaco’s Star Vegas
Donaco International has signed a new agreement with RGB, a leading Asian based supplier of casino equipmentand electronic gaming machines, to enhance the slot machine portfolio at the Star Vegas casino hotel in Poipet, Cambodia. Currently, Donaco operates 1,522 slot machines at the Star Vegas property. The majority of these (1,234 machines) are supplied by…
Cambodia – Donaco bringing an extra 100 tables to Star Vegas
Donaco is bringing an extra 100 gaming tables to its Cambodian casino Star Vegas in the next few months filling virtually all of the available capacity at its Poipet casino. The company is currently renegotiating its Star Vegas VIP junket arrangements with former junket operators being replaced by new operators. A spokesperson said: “Following an…
Cambodia – Donaco looking to expand Star Vegas following 16 per cent growth
Donaco International, operator of the Aristo International Hotel in Vietnam and the Star Vegas Resort in Cambodia, has seen its net profit reach A$77.2m (US$58.2m) for the year to June 30, turning around a loss of A$9m the year before. Revenue, which came in at A$143.4m, was boosted by the A$360m acquisition of Star Vegas…
Cambodia – Heng Sheng to bring VIP’s to Donaco’s StarVegas
Donaco International has signed an agreement with Heng Sheng Group, one of Macau’s leading VIP gaming promoters, to bring its VIP players to the Star Vegas Resort & Club. Heng Sheng Group was established in Macau in 2011, and provides dedicated services to its members in the form of gaming options and leisure travel. The…
