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Donaco Extends Shut Down of its Vietnam Casino

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5 years ago

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Donaco Extends Shut Down of its Vietnam Casino
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Donaco International Limited has extended the temporary closure of its Aristo International Hotel in Lao Cai, Vietnam, for a further seven days.

“The Company believes the current COVID-19 situation poses a risk to the health and safety of staff and visitors at Aristo if operations resumed, which could have adverse long-term consequences for Donaco,” it said.

“The Company’s Star Vegas Casino operations in Poipet, Cambodia also remain temporarily closed in line with Government restrictions. The Board and Management will continue to proactively monitor developments in the rapidly changing COVID-19 situation and swiftly provide further updates in due course,” Donaco added.

Donaco recently revealed an estimated cash burn of up to US$900,000 per month while its casinos in Vietnam and Cambodia remain closed, adding it has cash reserves to survive for more than a year.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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