Australia-listed Donaco International Limited announced that it was planning a “strategic review” of its debt and cash flow situation.

In its filing, the operator of Star Vegas in Poipet, Cambodia specifically mentioned its need to “eliminate or restructure” its debt to Mega Bank, currently amounting to $39.9 million. The debt “is secured only against the assets of the Star Vegas business, not the Aristo business,” it noted, referring also to its casino in northern Vietnam.

“Discussions are currently being held with several parties who have put forward proposals to unlock the value of the Company’s assets, and provide value to shareholders,” the filing read. Such proposals, it added, were being reviewed with the assistance of “potential strategic advisors.”

The company gave a timeframe of about three months for the review.