Tag Archives: Donaco
Vietnam – Donaco enjoys first EBITDA positive quarter since H1 2021
Cambodian and Vietnamese operator Donaco International generated Group net revenues of $4.5m and EBITDA of $1.5m for its September quarter, underpinned by the successfully reopening of Star Vegas and continued prudent cost control at Aristo. The result marks Donaco’s first EBITDA positive quarter since the first half of 2021, with this momentum expected to grow…
Cambodia – Reopening of Star Vegas boosts Donaco but EBIDTA slips in June
Vietnamese and Cambodian casino operator Donaco International Limited said for the three-month period ending 30 June 2022, group revenue came in at A$1.1m, down from A$1.5m a year earlier and negative EBITDA of A$0.8m. Star Vegas Resort & Club (Star Vegas) resumed operations on 18 June 2022 following the Government ofCambodia lifting the temporary closure…
Cambodia – Revenues fall for Donaco with Star Vegas closed again
The latest wave of infections in Cambodia, forcing the temporary closure of Star Vegas, have seen Donaco International’s quarterly revenues fall to A$1.5m compared to March 2020 Quarter revenue of A$2.8m. The ongoing outbreaks have heavily reduced visitation numbers, affecting revenue and EBITDA, and resulting in Group revenue of A$1.5m and negative EBITDA of A$0.5m….
Cambodia – Star Vegas and Aristo reopenings see Donaco return to positive EBITDA in December
Since the reopening of the Star Vegas Resort in Cambodia in late September, and the Aristo International Hotel in Vietnam, the December quarter was a turnaround period for Donaco with a return to positive EBITDA of A$3.70m and negative EBITDA of A$0.13m respectively, resulting in positive EBITDA of A$3.57m for the overall group. The result…
Cambodia – Donaco receives approval for settlement of all legal cases for Star Vegas
Donaco International has secured approval from lender Mega Bank on the settlement of all legal cases for the Star Vegas Resort and Club. The waiver is in relation to the successful settlement of all legal cases with the Thai Vendor as part of the provisions of a Facility Agreement with the lender. Donaco stated: “Donaco…
Vietnam – Donaco starts road to recovery after months of disruption
With income minimal for the three months to September 30, Donaco International has said it has the long road to its recovery starts from its loss of AU$2.7m (US$1.9m). Gaming revenue at Star Vegas fell 45 per cent due to the closure of the casino on April 1 2020 in adherence with the Cambodian government…
Vietnam – Donaco in ‘urgent need of capital’ to protect Aristo and Star Vegas
Cambodian and Vietnamese casino operator Donaco International is looking to generate funds of AU$14.4m (US$9.99m) in capital to strengthen its books saying it was in ‘urgent need of capital’ due to the effects of the coronavirus pandemic. Donaco operates Star Vegas Resort and Club in Poipet Cambodia, and Aristo International Hotel in Lao Cai, Vietnam….
Cambodia – Donaco finally reaches settlement with Star Vegas’ former owners
Donaco International has finally been able to settle the various proceedings in Singapore, Australia, Thailand and Cambodia with the Thai vendors from Donaco’s acquisition of Star Vegas the Poipet casino, located on the border between Thailand and Cambodia. The former owners include Somboon Sukcharoenkraisri, Lee Bug Tong, Lee Bug Huy, Lee Hoe Property Co. and…
Vietnam – Donaco looks for extra finances with Aristo’s revenue hit by affects of Coronavirus
Donaco International, the Australia-listed casino operator with properties in Cambodia, has said it wants financing to help fund payment obligations and working capital needs in light of the affects the Coronavirus is having on its business. Donaco operates Star Vegas Resort and Club, close to Cambodia’s border with Thailand and the Aristo International Hotel, near…
