Logo of Phnom Penh Post newspaper Phnom Penh Post - Court orders closure of Poipet’s Star Paradise casino

Court orders closure of Poipet’s Star Paradise casino

Court orders closure of Poipet’s Star Paradise casino

A Poipet casino has been ordered to close after the Australian-listed owner of its next-door competitor filed charges in the Banteay Meanchey Provincial Court alleging breach of contract, documents posted yesterday to the Australian Securities Exchange show.

Donaco International bought Star Vegas in 2015 from a Thai businessman, Somboon Sukcharoenkraisri, who signed noncompetition clauses as part of the sale, according to Donaco’s latest and previous filings. Donaco later began to operate a gaming floor in next-door Star Paradise, which was still owned by Somboon.

When Donaco stopped operating that gaming floor, Somboon kept it going – in breach of the anti-competitive clause, Donaco says. The Banteay Meanchey court issued an interim injunction to close Star Paradise unless Somboon and two associates make a $360 million deposit, Donaco’s filings say.

The headline for a previous version of this article misidentified the casino that is being ordered to close by the Banteay Meanchey Provincial Court. It is in fact Star Paradise, not the neighbouring Star Vegas. The Post apologises for any confusion caused.

MOST VIEWED

  • Hun Sen to ‘step down’ if he loses Sam Rainsy bet over Kem Sokha

    Hun Sen has promised to step down as prime minister while opposition figure Sam Rainsy pledges to turn himself in as forfeits if the long-term political rivals lose a “bet” over the future of former opposition leader Kem Sokha, who is on bail awaiting trial

  • ‘Historic’ Khmer Rouge tribunal Case 002/2 verdict to be delivered

    The Extraordinary Chambers in the Courts of Cambodia (ECCC) are to deliver the verdict on Friday, in the trial of former Khmer Rouge leaders Nuon Chea and Khieu Samphan, in a pronouncement hailed as a “historic event for Cambodia and the world”. The verdict from

  • Record set for world’s longest dragon boat

    Cambodia broke the world record for the longest dragon boat – a title previously held by China, Guinness World Records adjudicator Pravin Patel said on Monday. He verified the record on the east bank of the Mekong river, in Prey Veng province’s Peamro district. “With

  • Analyst: Government appointments ‘a waste of national budget’

    The government has appointed over 200 officials as undersecretaries of state, secretaries of state, assistants and advisers at various institutions since October 1. While senior officials said the appointments were aimed at ensuring higher efficiency at the national level, social analysts said the practice is merely power-sharing