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Tag Archives: Star Vegas

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….

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…

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 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…

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…

Cambodia – Donaco ‘in advanced discussions’ to replace CEO and board members

Problems continue to mount at Australian casino operator Donaco International’s with the resignation of its CEO, following in the footsteps of more than half of its board members last week. Mr Arbuckle, who has only been in his position for six months, has provided six months’ notice, and his final day with the company is…