Donaco International confirmed has extended the closure of its gaming operations in Cambodia and Vietnam.<\/p>\n\n\n\n\n\n\n\n
Australia based casino operator Donaco International Ltd<\/strong><\/em> has confirmed that the temporary shutdown of its venues and operations will be extended for a further seven days.<\/p>\n\n\n\n The news comes as Australia and across the Asia Pacific region take steps to overcome the Coronavirus outbreak.<\/p>\n\n\n\n Venues that remain closed include the Aristo International Hotel in Lao Cai, Vietnam and the Star Vegas Resort and Club in Poipet, Cambodia.<\/p>\n\n\n\n “The closure of both casino operations [at Vietnam and Cambodia] will have a material impact on Donaco\u2019s business,” the company said.<\/p>\n\n\n\n “Donaco is successfully undertaking pragmatic measures to reduce costs, which will mitigate this impact to an extent,” it added.<\/p>\n\n\n\n The casino operator said earlier this month that it expected a \u201ccash burn rate\u201d of US$800,000 and US$900,000 per month during the temporary shutdown of its two casinos. <\/p>\n\n\n\n Such expenses were costs related to the maintaining of the casino assets and other corporate costs.<\/p>\n","protected":false},"excerpt":{"rendered":" Donaco International confirmed has extended the closure of its gaming operations in Cambodia and Vietnam.<\/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 International has extended the temporary closure of its gaming operations in Cambodia and Vietnam, including the Star Vegas Resort and Club and Aristo International Hotel, due to the Coronavirus outbreak. This prolonged shutdown is anticipated to have a material impact on the company's business, with an estimated monthly cash burn rate of US$800,000 to US$900,000, despite cost reduction measures.","focusai_entities":"Donaco International Ltd, Aristo International Hotel, Star Vegas Resort and Club","focusai_location":"Cambodia, Vietnam, Poipet, Lao Cai, Australia","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Donaco Liquidity Outlook?","query":"What is Donaco International's current liquidity position and runway, considering the extended operational shutdown and stated monthly cash burn rate, and what further cost-containment strategies are being implemented to mitigate this impact?"},{"label":"Regional Regulatory Response?","query":"How are regulators in Cambodia and Vietnam responding to the prolonged operational closures of integrated resorts, and what are the implications for B2B\/B2C licensing compliance and potential relief measures or governance framework adjustments?"}],"footnotes":""},"categories":[160,28,161,167,16333],"tags":[30,12436,337,94],"class_list":["post-5804","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-news-region","category-south-east-asia-news","tag-cambodia","tag-casinos","tag-regulation","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5804","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=5804"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5804\/revisions"}],"predecessor-version":[{"id":777010335,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5804\/revisions\/777010335"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}