The president of casino group Donaco International said he was confident about the long-term business prospects of the Aristo International Hotel in Laokai, near the border with China. In a commentary to the Vietnam Investment Review news outlet published on Thursday, Donaco’s chief executive, Lieberg Huey, said in reference to Aristotle, “We are confident of the long-term prospects of the business. Vietnam has a lot of potential and we are confident that the situation will stabilize when the border is reopened.”
Comments on the casino industry have highlighted the ability of Aristo International, a hotel with casinos, to serve Chinese gamblers for years. The COVID-19 pandemic has caused travel restrictions locally, causing problems for most border-located game venues serving customers in neighboring countries. In addition, China is stepping up law enforcement against its citizens in connection with “cross-border” gambling. 파칭코사이트인포
Star Vegas Resort & Club, Donaco’s flagship casino resort in Poipet, Cambodia, on the border with Thailand, has been closed since April 2021 due to the COVID-19 pandemic. At the moment, the main revenue drivers for Aristotle are hotels and restaurants, Huy said. In an update to the Australian Stock Exchange at the end of October, Donaco said Aristo International’s third-quarter net profit rose sequentially year-on-year.
These revenues were 710,000 AUD ($516,873), compared to 360,000 AUD for the quarter of June 30, 2020 and 200,000 AUD for the quarter of September 30, 2020. Mr Huy also said in his Vietnam investment review, referring to the picturesque highland village near Laoqai. “Sapa is one of the main attractions in the area, and Aristotle benefits from the nearest hotel in the area. So we’re confident in Aristotle’s performance in terms of hotels and restaurants.”
Vietnam recently announced that it will resume the international tourism market on a trial basis. Noting that local Vietnamese are banned from using most of the casino resorts in the country, CEO Donaco said Aristo is trying to take advantage of new sources from local customers.