{"id":15579,"date":"2021-03-08T15:44:25","date_gmt":"2021-03-08T15:44:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15579"},"modified":"2026-04-23T21:17:14","modified_gmt":"2026-04-24T00:17:14","slug":"donaco-ceo-optimistic-for-star-vegas-casino-recovery","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-ceo-optimistic-for-star-vegas-casino-recovery","title":{"rendered":"Donaco CEO optimistic for Star Vegas casino recovery"},"content":{"rendered":"\n<p>Donaco&#8217;s CEO has expressed confidence in the company&#8217;s <strong>Star Vegas casino in Cambodia. <\/strong><\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- The <strong>CEO of Donaco International, <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/donaco-appoints-new-ceo-and-board-members\" target=\"_blank\">Lee Bug Huy<\/a><\/em><\/strong>, said he expects the company will start to see a strong recovery over the coming year as the coronavirus pandemic starts to subside. <\/p>\n\n\n\n<p>Speaking to investors after the release of the company&#8217;s financial results for the first half of its financial year, <strong>the exec expressed confidence in the Star Vegas casino, which is located in Poipet on the Thai border.<\/strong><\/p>\n\n\n\n<p>His optimism comes despite a recent jump in coronavirus cases in Cambodia, which led to the lockdown of <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/travel-ban-imposed-on-cambodia-casino-district-sihanoukville\" target=\"_blank\"><strong>Sihanoukville province<\/strong><\/a><\/em>, the country&#8217;s gambling hub.<\/p>\n\n\n\n<p>Bug Huy said: \u201cWe anticipate this will be a <strong>temporary short-term impact,<\/strong> <strong>outweighed by a positive long-term outlook<\/strong> for the business as vaccinations commence in Southeast Asia in the second half of the year.<\/p>\n\n\n\n<p>\u201cWe have executed an<strong> effective strategy <\/strong>during the [first half of the 2021 financial year] <strong>which has led to a return to positive EBITDA<\/strong>. We did everything we could during the first half to fix what had to be fixed internally and we are now ready to move forward once the COVID-19 situation improves.\u201d<\/p>\n\n\n\n<p>A recent report by <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-to-lead-regional-casino-recovery-says-report\" target=\"_blank\">Colliers International<\/a><\/em><\/strong> predicts that\u00a0<strong>Cambodia<\/strong>, along with\u00a0<strong>Macau<\/strong>, will\u00a0<strong>lead the recovery of land-based gaming in the Asia Pacific region<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donaco&#8217;s CEO has expressed confidence in the company&#8217;s Star Vegas casino in Cambodia.<\/p>\n","protected":false},"author":2,"featured_media":15585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International's CEO, Lee Bug Huy, expressed confidence in the recovery of its Star Vegas casino in Poipet, Cambodia, despite recent COVID-19 lockdowns, citing a return to positive EBITDA in H1 FY21. The company anticipates a strong long-term outlook driven by vaccination rollouts in Southeast Asia, aligning with Colliers International's prediction for Cambodia to lead land-based gaming recovery in the Asia Pacific region.","focusai_entities":"Donaco International, Lee Bug Huy, Star Vegas, Colliers International","focusai_location":"Cambodia, Poipet, Sihanoukville province, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA Recovery Drivers?","query":"What specific operational efficiencies and cost containment measures contributed to Donaco's return to positive EBITDA amidst regional lockdowns and reduced GGR?"},{"label":"Regional Recovery Timeline?","query":"How might the varying pace of vaccination rollouts and cross-border travel restrictions across Southeast Asia impact the projected timeline for full recovery of gaming verticals at Star Vegas?"}],"footnotes":""},"categories":[28,16333],"tags":[966,229,23907],"class_list":["post-15579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-donaco","tag-gambling","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15579"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15579\/revisions"}],"predecessor-version":[{"id":15609,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15579\/revisions\/15609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15585"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}