The Star Vegas International Resort and Club in Cambodia experienced a substantial increase in revenue during the fiscal year to June 30, seeing an approximate gain of $1.58 billion. Rolling chip turnover for VIP games rose 69 percent year-on-year. Net revenue increased by 17 percent for the Aranyaprathet-Poipet border casino from the same twelve month period last year, going from US$65.7 million to approximately US$76.8 million.

Revealed on Monday’s filling to the Australian Securities Exchange, the property’s new owner Donaco International Ltd have been a part of the venue since July 1, when Donaco acquired the property for US$360 million. VIP turnover and various other performance numbers that were included in the filing are not part of 2015’s financial results due to newness of ownership. The results for the period ending on June 30 will be announced next month.

The casino which mainly serves Thai patrons, added 185 new slot machines to the gaming floor in the six months to June 30, an increase of 14 percent to 1,485 in total. As customers become more familiar with the new machines, Donaco expects them to contribute more to revenue in the future.

According to a filing to the Australian Securities Exchange in May, Star Vegas “will total at least US$60 million per year for the two full years following acquisition.” The new owner claimed it had a “vendor warranty” and the earnings estimated are prior to depreciation, interest, taxes and amortization (EBITDA).

According to Donaco, trading improved for the resort and casino for the year due to several factors including “efforts by the Thai government to crack down on illegal gambling in the Bangkok area,” among others.

Although casino gambling is illegal in Thailand, in June appearing to approve a proposed plan to legalized casino resorts, Thailand’s police chief said legalization would keep tax revenue from casino’s local and put an end to it’s citizens frequenting casinos in neighboring countries. However, just days later Thailand’s military regime ruler, Prime Minister Prayut Chan-o-cha, said the issue of legalization was not a priority at this time.

The Star Vegas International Resort and Club in Poipet, Banteay Mean Chey, Cambodia offers a 550 room hotel and features 10,000 square feet of gaming space which is open around the clock.

Aristo International Hotel in Lao Cai province in Vietnam, on China’s northern border is also owned and operated by Donaco.

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