Donaco International said its Star Vegas property in Cambodia reopened on Friday, though on a limited basis to test operational systems.
The company said it doesn’t expect any significant extra costs to be incurred as a result of reopening, but said it would keep a tight control over expenses. Management will have the discretion to scale up, or down, operations depending on local operating conditions, it said.
Star Vegas gets most of its clientele from neighbouring Thailand, though at present the border remains closed.
Donaco also said its Aristo International property in Vietnam is ready to resume business once the Covid-19 situation improves and international travel flows resume.
Asia Gaming Brief Asia Editor Felix Ng sits down with JP Morgan Equity Research Analyst Don Carducci about some of the recent bids for Crown Resorts’ shares, as well as a surprise merger proposal from rival casino operator The Star Entertainment Group.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.