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Donaco wins injunction in lease termination case

May Kunmakara / Khmer Times Share:

Donaco, an Australian-owned casino operator, has won an injunction against the lessor of the land where its resort The Star Vegas stands, who threatened to terminate the lease, according to a company statement published on Tuesday.

Lee Hoe Property Co., Ltd, the lessor, is a Cambodian company.

It had threatened to terminate the lease of The Star Vegas on “contrived and spurious grounds”, Donaco said.

“Donaco has now obtained an injunction in its favour from the Banteay Meanchey Court of First Instance, to prevent the threatened termination.”

The Star Vegas occupies a 50-year lease in Poipet, a city in the border with Thailand.

According to the Australian company, the court’s decision this week complements the previous injunction granted in Donaco’s favour, which prevented the owners of Lee Hoe Property from engaging in illegal competition in the Poipet area.

The owners of Lee Hoe Property said they intend to appeal against that first injunction, but the appeal process has not started yet.

Cambodia has more than 100 casinos, most of them located in Preah Sihanouk province and Poipet, according to the Ministry of Economy and Finance.

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