09/25/20 Cambodia: casino resort to stage “limited reopening” After the shutdown due to the Covid-19 pandemic, the Star Vegas Resort is resuming activities with restrictions.
09/04/20 Donaco appoints new CEO and board members Lee Bug Huy, former casino vice president at Star Vegas Casino & Resorts, has been appointed CEO.
09/02/20 Donaco narrows losses as revenues drop 38% The Australian operator’s casino in Vietnam is running limited operations and its casino in Cambodia remains closed.
08/06/20 Donaco in “final negotiation stages” to land CEO Paul Arbuckle’s term as interim CEO ended on August 4 and the operator has yet to assign a replacement.
08/05/20 Donaco appoints new directors The appointments come due to conditions of a recent entitlement placement through which the company obtained around US$9.9 million.
08/02/20 Donaco reports 95.5% drop in revenue for Q2 Donaco’s Cambodia IR remains closed and visits to the Vietnam casino are low since the border with China remains closed.
07/30/20 Donaco to reopen in Cambodia “in a few weeks” The firm is waiting on the necessary inspections at its Star Vegas Resort & Club in Poipet in order to resume operations.
07/28/20 Donaco completes entitlement offer for US$9.9m The proceeds will go to repay its main lender and to make up for the lower gaming revenues at its Cambodia and Vietnam casinos.
07/06/20 Donaco to raise US$9.9m in working capital Directors have decided capital is urgently needed to cope with the impact of Covid-19 and travel restrictions on gaming revenue.
06/16/20 Donaco lender defers payments The casino operator confirms its largest lender has agreed to defer $US5 million principal payment.
05/08/20 Aus court lifts freezing order on Donaco shares Donaco-operated Star Vegas casino resort in Cambodia has had the ban imposed on its 148,199,529 ASX-listed shares since April 2018.
04/08/20 Donaco ‘confident’ in cash reserves for 2020 Operator has cash reserves in excess of $11million and is confident it can weather the Covid-19 storm.
03/25/20 Cambodia: Donaco close temporarily its Star Vegas Hotel Thailand government closed the border crossing between the two countries for two weeks.
03/03/20 Donaco finally settles with Thai partners Long running legal battle comes to an end after non-compete clause dropped and commercial arrangements agreed.
02/28/20 Donaco seeks financing due to Coronavirus impact The announcement was done early in this Friday morning, after Donaco revealed a 75% decline in visitation through February
