Donaco International said it expects Cambodian authorities to allow its Star Vegas casino in Poipet to reopen in the next few weeks, although visitor numbers will remain low due to the closure of the border with Thailand.
Cambodia has said it will allow properties to reopen after an inspection from the Ministry of Health and the implementation of Covid-19 safety measures. That inspection is likely in a few weeks, the company said in a statement to the Australian Stock Exchange.
However, Thailand has extended its state of emergency until August 31, which is likely to affect the border reopening date.
The majority of visitors to the Star Vegas resort are Thai nationals who are not allowed to gamble at home.
“The company is optimistic that the Covid-19 situation will continue to improve in the region Star Vegas operates in and the Cambodian government’s announcement is a positive step towards the resumption of normal operations.”
Donaco also operates the Aristo International resort in northern Vietnam.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Sociedade de Jogos de Macau, S.A. says its eligible employees will receive Living Subsidies equivalent to 2 months or 1.5 months of salary. The Living Subsidies will be made in two equal payments in January and July respectively, with the first payment to be made on 6 January 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.