Australia-listed Donaco International is starting 2021 on a positive note, finally settling its legal issues and saying it is now positioned for future growth.
Donaco International said it has now finalized the settlement of a dispute surrounding the Star Vegas casino in Cambodia and the business has returned EBITDA positive.
Spinola Gaming says it’s introducing bespoke lottery solutions for Southeast Asia, where the market has seen exponential growth recently.
Donaco International said it has secured an approval from its lender Mega Bank on the settlement of all legal cases related to the Thai vendors of its Star Vegas property in Cambodia. It says it is on track to repay all outstanding debt in 2021.
This is the last Thank Goodness it’s Friday for 2020 and a suitable time for reflection and a look ahead at what we might expect for 2021. While it’s likely a year that most would like to forget, there have been positives. One is the speed and agility with which the industry has moved to adapt to change.
Cambodian police has arrested 10 foreign nationals in an online gambling bust, seizing passports, keys, computers, cars and other related items, the Phnom Penh Post reports. It didn't give the nationality of those detained.