Tag Archives: Vietnam
Vietnam – Donaco in ‘urgent need of capital’ to protect Aristo and Star Vegas
Cambodian and Vietnamese casino operator Donaco International is looking to generate funds of AU$14.4m (US$9.99m) in capital to strengthen its books saying it was in ‘urgent need of capital’ due to the effects of the coronavirus pandemic. Donaco operates Star Vegas Resort and Club in Poipet Cambodia, and Aristo International Hotel in Lao Cai, Vietnam….
Vietnam – Hoiana to open for preview on June 28
Suncity Group has confirmed that Hoiana, the integrated resort project of which Suncity holds 34 per cent of indirect equity interest in, is going to be opened for preview on June 28 2020. The Hoiana story began in 2016 when its ground breaking ceremony marked the commencement of the most ambitious tourism development in Central…
Vietnam – Macau Gaming Club installs Sega Sammy Creation’s Virtua Fighter
The Macau Gaming Club in Hanoi, Vietnam, earlier this spring became the first casino in the region to launch operations of Sega Sammy Creation’s Virtua Fighter video slot title. The installation also marks Sega Sammy’s entrance into the ever-expanding Vietnamese gaming market. The Virtua Fighter video game theme is part of the first round of…
Vietnam – Casino licence granted for Hoiana until 2080
Hoi An South Development Co Ltd, the Vietnam-based joint venture of which Suncity Group holds a 34 per cent stake, has secured a casino operating license for its Vietnamese integrated resort, Hoiana, running until December 2080. Hoiana, a joint venture between Suncity, Chow Tai Fook and VinaCapital Group, is located in Hoi An South on…
Vietnam – Launch of Hoiana delayed until 2021 due to coronavirus
Suncity, Chow Tai Fook and VinaCapital Group have jointly announced that they will be delaying the launch of Hoiana located in Hoi An South in Vietnam’s Quang Nam province until 2021 due to the COVID-19 pandemic. It will though host an ‘exclusive preview’ later this year of the $1bn Phase 1 of the project, which…
Vietnam – Donaco looks for extra finances with Aristo’s revenue hit by affects of Coronavirus
Donaco International, the Australia-listed casino operator with properties in Cambodia, has said it wants financing to help fund payment obligations and working capital needs in light of the affects the Coronavirus is having on its business. Donaco operates Star Vegas Resort and Club, close to Cambodia’s border with Thailand and the Aristo International Hotel, near…
Vietnam – KN Paradise looks for operator for Cam Ranh Integrated Resort
KN Cam Ranh is looking to develop partnerships in the implementation of investment and operation of their KNIR project. This comes as the Vietnamese government has recently issued the Investment Certificate allowing the KNIR to develop a large-scale casino complex. KN Paradise Cam Ranh Integrated Resort (KNIR) is a development project incorporated under the KN…
Vietnam – Aristo International’s attendance slashed by 75 per cent due to Coronavirus clampdown
Australian-listed Donaco International Limited has confirmed its Vietnam casino Aristo International Hotel, located at the border with Yunnan Province in China, has been heavily impacted by the Coronavirus with attendance falling by 75 per cent in February. The border crossing at Lao Cai is currently tightly restricted, with crossing allowed only for visitors with an…
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…
