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Cambodia cabinet meets on AML laws

Cambodia’s cabinet, lead by Prime Minister Hun Sen, reportedly met on Friday to discuss long-awaited laws on anti-money laundering, terrorism financing and counter-proliferation financing, The Phnom Penh Post reports. 

Australia court lifts freeze order on Donaco shares

The Supreme Court of New South Wales has lifted a freeze order that restricted a group of Thai businessmen from selling a 17.99 percent stake in Donaco International.

Will to travel remains strong once safety policies in place

Mainland Chinese are still keen to travel despite the Covid-19 pandemic and Macau and Vietnam are likely to be the first destinations to benefit once travel restrictions are lifted and flights resume.

NagaCorp unveils new images of Naga 3

Cambodian casino operator NagaCorp has released new images of Naga 3, the operator’s proposed $3.5 billion expansion of its NagaWorld casino in Phnom Penh.  The...

Donaco to preserve liquidity as casinos remain closed

Donaco International said its March quarter has been significantly impacted by border and casino closures, as a result of the COVID-19 pandemic.  The group recorded...

Donaco defers settlement payment until bank consent

Australia-listed Donaco International on Friday said that the payments relating to its settlement with its former Thai vendors for the Star Vegas casino in...

Cambodia union calls on operators to pay wages

A Cambodian trade union has called on casino operators in the country to pay up the last month’s wages and to maintain 50 percent of salaries during the closure of casinos, local media reports.

NagaCorp posts 15 percent GGR boost in 2020Q1 despite coronavirus

NagaCorp has reported to the Hong Kong Stock Exchange “relatively stable” financial results in the first quarter of 2020 “despite such challenging times,” including...

Donaco warns casino closures will have “material impact”

Australia-listed Donaco International has warned that the closure of its casinos in Vietnam and Cambodia will have a “material impact” on its business.

Cambodia orders casinos to close

Cambodian Prime Minister Hun Sen has ordered the closure of all casinos in the country to halt the spread of the coronavirus and said the Finance Ministry will work with the operators on tax exemptions during the time they are closed.

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Former foe joins Donaco board

Donaco International has appointed the Thai vendor of its Star Vegas property in Cambodia to its board of directors as part of an accord for underwriting a share issue in the company.