Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure

• 30 July 2021
• Local News
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Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently.

In the second quarter, the company’s revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high.

“The pandemic has impacted the industry and society as a whole as a direct result of restrictions and prioritising public health and the safety of our staff and visitors has remained a number one priority, Non-Executive Chairman Paul Porntat said.

“Following the order from the Cambodian local government for the closure of casinos in the region to prevent community outbreak, including Star Vegas, we have continued to focus on protecting our balance sheet, and we’ve taken rigorous measures to protect the business by keeping our costs down and preserving our cash,” he said.

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