Star Paradise

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    Donaco wins court order for share freeze

    Donaco International Limited said the Supreme Court of New South Wales has granted an injunction freezing the shares of the three Thai vendors of the Star Vegas casino in Cambodia. The order will prevent the three, who own about 17.9 percent of Donaco’s listed share capital, from selling their stock until the parties resolve litigation, […]

    Donaco wins case to shut Star Paradise

    Australia-listed Donaco International said it has won a court injunction to close the Star Paradise casino in Cambodia, which it says is operating in violation of a non-competition agreement signed when it bought its Star Vegas property in Poipet. The casino, which is operated by the former owners of the Star Vegas, had agreed at […]

    Donaco suffers from lucky high-rollers, but in-line with expectations

    Australia-listed Donaco International Ltd says its “normalized” EBITDA is on track to hit A$90-95 million (US$65-69 million), whilst actual EBITDA has been hit with a lower than normal win rate.  “It’s definitely not a downgrade,” said executive director Ben Reichel. However, the casino operator said that its actual EBITDA was about US$7.3 million below the […]