Logo of Phnom Penh Post newspaper Phnom Penh Post - Donaco International fully opens casino ops in Poipet

Donaco International fully opens casino ops in Poipet

Content image - Phnom Penh Post
Star Vegas Resort and Club is located in Poipet commune, Poipet town, Banteay Meanchey province, just northeast of the border gate into Thailand. DONACO

Donaco International fully opens casino ops in Poipet

ASX-LISTED casino operator Donaco International Ltd has fully reopened its Star Vegas establishment in Banteay Meanchey province’s Poipet town near the Thai border, following the lifting of border restrictions between Cambodia and Thailand.

According to the company’s filing on the bourse on June 17, Star Vegas Resort and Club commenced operations on June 18, 2022.

Donaco confirmed that the government and local authorities have lifted the temporary closure of casino operations in Banteay Meanchey, where Star Vegas is located. Up till then, the casino was operating on a limited basis, serving domestic customers since the Covid-19 announcement on restrictions on September 25, 2020.

The gradual opening to full operation would enable Donaco to continue prudent cost-control strategies it implemented across the business in response to the impact due to the pandemic.

“We are delighted to put a prolonged period of Covid-19 disruptions behind us with the reopening of Star Vegas and the return to full-scale operations on the horizon,” non-executive chairman Porntat Amatavivadhana said.

“The Cambodian border with Thailand has also reopened, which has traditionally been where the vast majority of Star Vegas’ customers originate from.

“In tandem with favourable macroeconomic conditions, we will maintain our focus on prudent control of corporate and operation costs. Of course, it will take some time before operations return to how they were before, but these external factors are extremely encouraging for our business,” Porntat added.

Cambodian ambassador to Thailand Ouk Sorphorn told The Post that the reopening of borders would boost economic activities across the border, especially trade and investment.

“This is a very positive sign for the two countries to improve bilateral trade, tourism and investment,” he said, adding that a number of companies in Thailand are now interested in expanding their business in Cambodia.

In 2021, tourists travelling from Thailand to Cambodia totalled 81,844, the highest out of 10 countries, followed by China (45,775), and Vietnam (22,120), the tourism ministry stated.

The number of foreign tourists visiting Cambodia plunged 84.96 per cent from 1,306,143 in 2020 to just 196,495 in 2021, the latter representing a nearly 97.03 per cent drop from an all-time peak of 6,610,592 in 2019.

MOST VIEWED

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’