VIP roll at Cambodia’s Star Vegas up 69 pct in fiscal 2015

Rolling chip turnover for VIP games rose 69 percent year-on-year at casino property Star Vegas Resort and Club (pictured) in Cambodia, during the fiscal year to June 30, said the venue’s new owner. Such turnover reached approximately US$3.88 billion from nearly US$2.30 billion a year earlier.

Total net revenue for the border casino – which mainly serves Thai patrons – rose 17 percent year-on-year in the 12 months, to nearly US$76.8 million from just over US$65.7 million a year earlier. Casino gambling is illegal in Thailand.

The property’s new owner Donaco International Ltd gave the numbers in a filing on Monday to the Australian Securities Exchange, although the firm pointed out the venue has only been part of the group since July 1. That was the date a deal was closed under which Donaco acquired the property – located in Poipet on Cambodia’s frontier with Thailand – for a consideration of US$360 million.

read more: http://www.ggrasia.com/vip-roll-at-cambodias-star-vegas-up-69-pct-in-fiscal-2015/