• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 9 August 2022
    • 中文
    • 日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Cambodia’s COVID-19 outbreak sees Donaco revenues plummet in 1Q21

Ben Blaschke by Ben Blaschke
Mon 3 May 2021 at 05:36
Donaco looks inward as Lee Bug Huy named new CEO

Star Vegas in Poipet, Cambodia

16
SHARES
397
VIEWS
Print Friendly, PDF & Email

ASX-listed Donaco International Ltd has reported a 53.8% sequential decline in revenue for the first three months of 2021, impacted by an outbreak of COVID-19 in Cambodia that has heavily impacted its flagship casino, Star Vegas, in Poipet.

Net revenue fell from AU$10.79 million in the first quarter of 2020 and AU$6.0 million in 4Q20 to just AU$2.77 million in 1Q21, with Star Vegas suffering a 54.9% decline in revenue to AU$2.51 million.

In Vietnam, Aristo International Hotel, located near the border with China, continued to endure subdued visitation with net revenue falling from AU$430,000 in the December quarter to just AU$260,000 in Q1. By comparison, Aristo reported net revenue of AU$2.64 million in the first quarter of 2020.

Group-wide EBITDA in Q1 was AU$290,000, down from AU$2,67 million but improved from an EBITDA loss of AU$1.14 million in 1Q20 on reduced operating costs.

“The March quarter was a challenging period due to the COVID-19 pandemic with the [Cambodian] outbreak in [February] leading to a more severe outbreak in April,” said Non-Executive Chairman Porntat Amatavivadhana.

“This is an external factor which unfortunately we cannot control. Nonetheless, we have continued to focus on what we can control, our internal operations and protecting our balance sheet. We have done everything to manage what had to be managed internally within the business. We keep a conservative approach and we are ready to move forward once external conditions improve.

“Encouragingly, we are also on track to repay all remaining debt with Mega Bank by this coming 30 June, and we continue to explore additional opportunities to access the gaming market.”

Star Vegas was forced to suspend operations again last week due to the spread of COVID-19 throughout Cambodia’s Banteay Meanchey Province.

RelatedPosts

Hong Kong relaxes entry quarantine requirement to “3 + 4” days

Hong Kong relaxes entry quarantine requirement to “3 + 4” days

Mon 8 Aug 2022 at 16:45
MGM China says no plans to restructure

MGM China reports US$306 million interim loss as COVID restrictions continue to bite

Mon 8 Aug 2022 at 06:37
Sihanoukville

Sihanoukville vows to crack down on “rogue” casino owners

Fri 5 Aug 2022 at 07:07
Zhuhai drops quarantine requirement for entry from Macau

Zhuhai drops quarantine requirement for entry from Macau

Wed 3 Aug 2022 at 13:48
Load More
Tags: Aristo international hotelCambodiacovid-19Donaco InternationalStar Vegas
Share6Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: Silver linings

Editorial: Silver linings

by Ben Blaschke
Thu 28 Jul 2022 at 22:31

Given the extensive coverage of Macau’s COVID-induced woes of late, it would be easy to fall into the trap of...

Macau has fallen

Macau has fallen

by Andrew W Scott
Thu 28 Jul 2022 at 21:02

It’s official: Macau is no longer the center of the casino gaming universe. The Macau dream is over – for...

Back with a bang

Back with a bang

by Ben Blaschke
Thu 28 Jul 2022 at 20:39

Having set new attendance records each and every year since relocating to ICC Sydney in 2017, the Australasian Gaming Expo...

Singapore sling

Singapore sling

by Ben Blaschke
Thu 28 Jul 2022 at 20:28

G2E Asia is back in 2022 and headed to a brand new home, albeit planned to be a temporary one,...

Related Posts

SOFTSWISS Sportsbook Introduces additional integration method called iFrame

SOFTSWISS Sportsbook Introduces additional integration method called iFrame

by Newsdesk
Mon 8 Aug 2022 at 19:58

Software solutions provider to the iGaming industry SOFTSWISS has announced the expansion of functionality in its SOFTSWISS Sportsbook with the introduction of an additional iFrame integration method. The update will allow more clients to take advantage of the product offer...

Sega Sammy Creation to unveil Genesis Crest 43J cabinet at G2E Asia Special Edition: Singapore

Sega Sammy Creation to unveil Genesis Crest 43J cabinet at G2E Asia Special Edition: Singapore

by Newsdesk
Mon 8 Aug 2022 at 17:46

Japanese gaming product supplier Sega Sammy Creation Inc (SSC) is set to unveil its new Genesis Crest 43J next generation cabinet along with their latest games for Asia at G2E Asia Special Edition: Singapore, to be held at Marina Bay...

Hong Kong relaxes entry quarantine requirement to “3 + 4” days

Hong Kong relaxes entry quarantine requirement to “3 + 4” days

by Pierce Chan
Mon 8 Aug 2022 at 16:45

The Hong Kong government will relax its quarantine requirement for overseas arrivals and those from Taiwan to “3+4” days from 12 August, meaning just three days in hotel quarantine and four more at home. Taking a vastly different approach to...

We’re Back!

Solaire surge sees Bloomberry Resorts Corp revenue up 131% year-on-year in Q2

by Ben Blaschke
Mon 8 Aug 2022 at 12:41

Bloomberry Resorts Corp, owner and operator of Manila’s Solaire Resort & Casino, saw its gross gaming revenues climb 131% year-on-year and 47% sequentially to Php13.1 billion (US$235 million) in the three months to 31 December 2022 as Philippines casinos continue...


IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2022
Inside Asian Gaming.
All rights reserved.