Donaco wins casino lease case vs Thai shareholders

 

A Cambodian court has prevented Star Vegas’s Thai vendors from terminating the casino’s 50-year land lease.

In a disclosure to the Australian Stock Exchange, Donaco International announced that the Bantaey Meanchey Court of First Instance has issued an injunction order stopping Star Vegas casino landlord, Lee Hoe Property Co. Ltd., from ending the lease.

Lee Hoe Property is owned by Thai shareholders Somboon Sukcharoenkraisri, Techatut Sukcharoenkraisri and Bhuvasith Chaiarunrojh. Donaco earlier sought the court’s intervention after the lessor threatened to terminate the lease, on contrived and spurious grounds.