Monday, February 17, 2020
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Economic toll deepens, but underlying optimism intact

The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.

Donaco’s Vietnam property hit hard by coronavirus impact

Donaco International informed the Australian Stock Exchange that its Aristo International Hotel in Lao Cai, Vietnam, which borders China’s Yunnan Province, has been badly...
Vietnam Ha Long Bay

Slow but steady progress 

Vietnam’s gambling industry stayed largely out of the headlines in 2019, though projects have been inching their way forward, with the country’s largest resort to date scheduled to open in the first half of this year.

Hoiana project to receive US$34 million advance

Suncity Group Holdings on Tuesday announced it will be providing further financial assistance to Gold Yield Enterprises (GYE), the majority owner of the Hoiana...

Grand Ho Tram to get InterContinental branding

The Grand Ho Tram will soon become rebranded as the InterContinental Grand Ho Tram after signing an agreement with IHG last week.  The agreement will...

Police raid five arcade-turned gambling dens

A total of 24 Chinese nationals have been arrested in Vietnam’s northern Bac Ninh province, after uncovering several arcades that have been transformed into...

Royal Casino in HaLong posts profit, mostly from lodging

The operator of The Royal Casino in HaLong Town, Vietnam, posted VND8 billion (US$345 million) in profit in the third quarter of 2019, mainly...
Star Vegas

Donaco swings to profit on Vietnam, cost controls

Donaco International said it swung to a profit in the September quarter, helped by a strong performance from its property in Vietnam and reduced costs.

Online gambling ring busted in HCMC

Authorities have busted a $130 million gambling ring in Ho Chi Minh City, arresting 11 individuals, local media reports. Nearly 100 police officers from the ...

Casino Corona turns profit in first six months of operation

Casino Corona posted a pre-tax profit of VND108 billion (US$4.7 million) in the first six months of operation, according to reports. The casino, which opened...

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