Tag Archives: Donaco International
Cambodia- China’s border reopenings driving accelerated growth DNA Star Vegas
Donaco International has reported a favourable turnaround for its casinos in Cambodia and Vietnam, resulting in group net revenue of A$7.5m and EBITDA of A$4.1m for the March quarter. It has seen accelerated growth at DNA Star Vegas, which has reached full operational capacity, with travel flow at Aristo having significantly contributed to this success….
Vietnam – Donaco hopes proliferation of vaccines will see business levels bounce back
Despite its six month results ended December 31 being severely restricted by COVID, Donaco International Limited has said it has a ‘positive long-term business outlook with proliferation of vaccines globally, and across South-East Asia,as well as increased tourism infrastructure spend emerging in the region.’ In Cambodia Star Vegas remained temporarily closed during the half year…
Vietnam – Donaco burning USD$380,408 per month due to COVID restrictions
With Star Vegas still temporarily closed in Cambodia and Aristo open in Vietnam on a limited basis due to COVID-19 related restrictions, Donaco International has declared a cash burn of USD$380,408 per month, which it says is ‘well within the targeted range.’ Increasing vaccination rates in Thailand and Cambodia have led both countries’ Governments to…
Vietnam – Donaco generates positive EBITDA for three consecutive months
Vietnamese and Cambodian operator Donaco International, generated positive EBITDA in each of the final three months of the half year, with Aristo and Star Vegas reopening and operating on a limited basis, as the Vietnam/China and Cambodia/Thailand borders remain closed. Donaco posted a positive group EBITDA of A$0.2m for 1H FY21, with the final three…
Vietnam – Donaco reports positive EBITDA at Star Vegas and Aristo
Since the reopening of the Star Vegas Resort and Club in Cambodia in late September, and the Aristo International Hotel in Vietnam, Donaco International has seen two months of positive EBITDA for October and November, of US$0.54m and USD$0.8m respectively for the overall group. The growing trend has continued into December and the Company is…
Cambodia – Donaco kick-starts limited reopening of Star Vegas in Cambodia
Donaco International has confirmed the limited reopening of DNA Star Vegas in Poipet, Cambodia, from Friday, 25 September 2020. Star Vegas has been shut since the start of since April. Permission to reopen was given on July 3 pending individual approvals from the Ministry of Health, but Donaco has delayed reopening due to the fact…
Cambodia – Star Vegas impairment charge leaves Donaco at a loss
Donaco International, an Australia-listed Asia casino operator, suffered a loss after tax of US$133m for the year ending June 30 due to an ongoing legal dispute with its Star Vegas casino in Cambodia. Group revenue was down to $86.3m with Star Vegas impacted by competition from the nearby Winsor, Paramax and the new Galaxy casinos…
Cambodia – Donaco rebuilding Star Vegas’ revenues
Donaco International has said that its Star Vegas business in Cambodia continues to rebuild, recovering from the ‘damaging effect of the Thai vendor’s breaches of contract and the resulting illegal competition in the Poipet area.’ Management has been successful in signing up a number of new VIP junkets to replace those that left the property…
Cambodia – Strong Q2 from Star World sees Donaco’s profit match last year’s
Donaco International has generated net profit after tax (NPAT) of A$54.6m for its full year to June 30 2017, exactly the same amount as in 2016, with strong second half recovery at Star Vegas, one of its casino operations in Poipet Cambodia. Donaco CEO Mr Joey Lim said: “FY17 was a busy year for Donaco,…
