Leading Hong Kong-based casino operator Donaco International has finally given its nod to settle the longstanding legal battle that occurred due to a casino in Cambodia, Star Vegas.
Reports state that Donaco’s most important business is Star Vegas Resort & Club based in Poipet, Cambodia, that shares borders with Thailand. Donaco claimed that it has agreed with the Thai vendors of the casino, and a bank approval is pending now.
According to the agreement, soon after the completion of payment, a non-compete clause will be reportedly eliminated, thus implying that the vendors will no longer be able to establish a similar business.
According to Mel Ashton, a non-executive chairman at Donaco International,
Star Vegas Resort & Club, popularly known as DNA Star Vegas Resort, came into existence in the year 1999. As of now, DNA Star Vegas Resort remains closed as a result of the COVID-19 outbreak. The closure began earlier this month on April 2, 2020, and shall be removed only after receiving guidance and advice from the World Health Organization and local authorities.
Meanwhile, Donaco International Limited has been operating leisure and entertainment businesses all over the Asia Pacific region. Donaco has carved its identity as the leading casino operator based in Vietnam. It has 95 percent interest in the business, in a joint collaboration with the Vietnam Government.