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Cambodia's Casinos Take a Hit as Country Locks Down Its Borders

Cambodia's Casinos Take a Hit as Country Locks Down Its Borders
gamblingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamblingnews.com Daily Mail and Mail on Sunday newspapers.

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Donaco International Ltd (ASX:DNA) Status of Mega Bank Facility - ABN Newswire (@ABN_Newswire)

Donaco International Ltd (ASX:DNA) Status of Mega Bank Facility - ABN Newswire (@ABN_Newswire)
abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.

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Cambodia's COVID-19 outbreak sees Donaco revenues plummet in 1Q21

Cambodia’s COVID-19 outbreak sees Donaco revenues plummet in 1Q21
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VIEWS
ASX-listed Donaco International Ltd has reported a 53.8% sequential decline in revenue for the first three months of 2021, impacted by an outbreak of COVID-19 in Cambodia that has heavily impacted its flagship casino, Star Vegas, in Poipet.
Net revenue fell from AU$10.79 million in the first quarter of 2020 and AU$6.0 million in 4Q20 to just AU$2.77 million in 1Q21, with Star Vegas suffering a 54.9% decline in revenue to AU$2.51 million.
In Vietnam, Aristo International Hotel, located near the border with China, continued to endure subdued visitation with net revenue falling from AU$430,000 in the December quarter to just AU$260,000 in Q1. By comparison, Aristo reported net revenue of AU$2.64 million in the first quarter of 2020. ....

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Donaco International Ltd (ASX:DNA) Quarterly Activities Report - ABN Newswire (@ABN_Newswire)

Donaco International Ltd (ASX:DNA) Quarterly Activities Report

FRA:UGS) provides the following trading update for the three-month period ending 31 March 2021.
The March quarter was impacted by the most recent COVID-19 outbreaks. As previously reported, an outbreak around the broader regional area in which Star Vegas operates emerged in January 2021 and this was followed by a much heavier outbreak in Thailand with a second and third wave of infections. As a result of the pandemic, from 27 April 2021, Cambodian local authorities have declared the temporary closure of all casinos in the Banteay Meanchey province to prevent the curb in COVID19 community outbreak following a surge in cases. This has resulted in the immediate temporary closure of Star Vegas until further notice. Additional protocols have been in place at Star Vegas and Aristo during the quarter to minimise the risk of the virus, and keeping the safety of staff and visitors has remained a number one ....

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Cambodia struggles with porous border as pandemic takes hold

Cambodia struggles with porous border as pandemic takes hold
As Covid-19 cases surge in Southeast Asia, illegal border crossings are being blamed for the spread
A woman carries food past a barricade set up in Cambodian capital Phnom Penh due to lockdown restrictions introduced to try to halt a surge in Covid-19 cases. (Photo: Tang Chhin Sothy/AFP)
Cambodia’s notoriously porous border has a long history of smuggling, ranging from human trafficking and drugs to petrol and ancient Buddhist artifacts, by crime bosses who took a strategic view of the country and its access to neighbors and the coast. ....

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