Tuesday, October 25, 2016

Donaco’s Poipet gamble pays off

25 October 2016

Casino operator Donaco International Ltd posted a seven-fold increase in revenue in its first full-year financial filing since acquiring the Star Vegas Resort and Club in Banteay Meanchey province’s Poipet commune. The company previously reported a total unaudited net profit of $58.2 million for the financial year; due to Star Vegas exceeding its target, it had to pay a $15 million management fee to the unnamed Thai-based operator of the casino under its original purchase agreement.

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