Sydney, Australia, April 17, 2020 - (ABN Newswire) - Donaco International Limited (ASX:DNA) (HAM:UGS) is pleased to provide an update on the progress of the settlement of litigation over the Company's Star Vegas business in Cambodia.All parties to the litigation agreed to a settlement as announced to the ASX on 3 March 2020 and updated on 27 March 2020.
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Star Vegas International Resort and Casino is in Poipet, Banteay Mean Chey, Cambodia and is open daily 24 hours. The casino's 10,000 square foot gaming space features 1,264 gaming machines and 109 table games. The property has a hotel with 385 rooms.
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Most notable was the integration of DNA Star Vegas in Poipet, Cambodia situated on the Thai border. That acquisition and integration resulted in a 7-fold increase in revenues during the year and went so smoothly that management was not distracted from improving the performance of their Lao Cai, Vietnam asset, Aristo International Hotel and Casino.
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DNA Star Vegas is the largest, most luxurious, and most successful casino resort in Poipet. The property is located on the border between Thailand and Cambodia, and is the closest legal gaming.
Donaco International Ltd (ASX:DNA) Update on Progress of Star Vegas Settlement Apr. 17, 2020 at 12:01 a.m. ET on Asia Business News Donaco International Ltd (ASX:DNA) Business Update in Response.