Donaco International, a casino operator is saying business is low as operations at the Cambodian Venue Star Vegas Casino have slowed down. Operations at this gaming venue is on the low due to the pandemic that has killed thousands of people all over the world. Well now people have to play online casino games instead.
The company has gone on to inform all its investors their plans to close down most of the hotel that is at the Star Vegas casino in Poipet. This casino is near the border with Thailand.
The border with Thailand has since been closed and the government announced that it will remain closed up until the 5th of April. This in turn limits the number of visitors to the casino.
Traffic At Star Vegas Casino
Star Vegas Casino is known to be one of the best and most visited casinos. But recently according to Donaco, the visitation had be around 2,430 players per day over the first 22 days of march. From the first 22 days of February it is down around 15%.
The good news is that the VIP gambling turnover had risen to 9% over the same period. This means that although traffic may have been low, the high roller traffic is still good.
Coronavirus has negatively impacted Donaco’s operations. The shares currently are trading at less than half their value during the beginning of the year.
What Becomes Of The Casino Staff
With the recent developments that non-essential services are closing including entertainment areas and casinos. Some are limiting the number of visitors at a time. Donaco has asked employees to go for an unpaid leave from both March and April. This is because there isn’t much activity going on at the casino currently so keeping most of the staff will be a cost.
Mel Ashton who is the chairman said that although the company regrets the layoffs, it is a very necessary decision looking at the current situation and environment.
Donaco also operates the Aristo International Hotel that is in northern Vietnam. The numbers have also been decreasing. The company has also placed all unnecessary expenditure and all the non-essential staff on hold until further notice.
Conclusion
The pandemic has not only seen a negative impact on this casino only. Many organizations have closed down and thousands of employees have lost their jobs as some have been placed on hold for now. Star Vegas casino according to their operators Donaco International has been on their lowest. The traffic has gone lower than what they have ever experienced.
Star Vegas Casino FAQS
[accordiongroup id=”951″][accordion group=”951″ title=”Where is Star Vegas Casino?” active=”true”]Star Vegas casino International resort and casino is located in the Poipet in Cambodia. It is on the border with Thailand.[/accordion][accordion group=”951″ title=”Who Operates Star Vegas Casino?” active=””]This casino is operated by Donaco International. This company owns and also operates not just Star Vegas casino but other leisure and entertainment businesses across the Asia pacific region.[/accordion][accordion group=”951″ title=”What Has Happened To Star Vegas Casino?” active=””]Operations at this casino has been low due to the outbreak of coronavirus. With some borders having been closed the number of people who visit the casino has decreased. They announced their plan to close most parts of the hotel for the moment.[/accordion][accordion group=”951″ title=”What Happens To Employees At Star Vegas Casino?” active=””]Unfortunately, the employees have been asked to go on an unpaid leave for two months. The move is a necessary one according to the chairman Mel Ashton. Since business low and the world is trying to contain the virus, there is no need to keep a lot of staff at the casino.[/accordion][/accordiongroup]