Reopening of Aristo International Hotel Casino Operations
Sydney, May 13, 2020 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) (UGS:FRA) is pleased to confirm that the temporary closure of casino operations at the Aristo International Hotel in Lao Cai, Vietnam has been lifted.
The closure followed the Vietnam Government's announcement mandating the temporary closure of all casinos for 15 days commencing on 1 April, and a further 7-day extension (see ASX announcement dated 21 April 2020), and the Government's decision for non-essential service establishments, except for clubs and karaoke, to reopen from 8 May 2020.
Aristo has now officially reopened, but will operate on a limited basis, as the border with China where most of Aristo's patrons originate from remains closed.
The Company is optimistic that the COVID-19 situation will continue to improve in the region Aristo operates in and this is a positive step towards the resumption of normal operations.
Donaco remains committed to monitoring the dynamic COVID-19 situation closely to ensure the health and wellbeing of Aristo's staff and visitors.
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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