Donaco<\/a><\/strong><\/em> and its former Thai partners involved in the Star Vegas casino in Cambodia looks to be nearing resolution with both parties suspending litigation in order to reach an agreement.<\/p>\n\n\n\nDonaco purchased the casino from the Thai group in 2015 to operate it for two years. The sale included a non-compete clause that Donaco claims was been breached.<\/p>\n\n\n\n
Donaco wants to be paid $190 million in damages due to the violation of the non-compete agreement. <\/p>\n\n\n\n
A Cambodian court has already determined that the Thai partners could not terminate the existing lease agreement with Donaco, but nothing came of the ruling. <\/p>\n\n\n\n
\u201cThe suspension applies to the Singapore arbitration claim against the Thai vendor, the lease dispute in Cambodia, and all other litigation matters in Cambodia, Thailand and Australia,\u201d Donaco explained.
<\/p>\n","protected":false},"excerpt":{"rendered":"
Donaco suspends legal action for two months in order sit around the negotiating table with Thai partners involved in dispute.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 has initiated a two-month suspension of all multi-jurisdictional litigation against its former Thai partners to facilitate direct negotiation. This strategic pause aims to resolve the long-standing dispute over an alleged breach of a non-compete clause related to the Star Vegas casino in Cambodia, for which Donaco is seeking $190 million in damages. This development signals a potential shift towards an out-of-court resolution, impacting the asset's operational stability and Donaco's financial outlook.","focusai_entities":"Donaco, Star Vegas","focusai_location":"Cambodia, Singapore, Thailand, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Negotiation terms and impact?","query":"What specific concessions or settlement terms are likely to be on the table, and how might they impact Donaco's balance sheet and future operational control of Star Vegas?"},{"label":"Impact on Donaco's valuation?","query":"How will the potential resolution, whether settlement or renewed litigation, affect Donaco's enterprise valuation and its capacity for future capital deployment or M&A activities?"}],"footnotes":""},"categories":[160,439,16333],"tags":[289,966,4503],"class_list":["post-3175","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-legal-news","category-south-east-asia-news","tag-australia","tag-donaco","tag-legal"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3175","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=3175"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3175\/revisions"}],"predecessor-version":[{"id":6142,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3175\/revisions\/6142"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}