• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 18 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

Donaco slips to US$530,000 EBITDA loss in June quarter

Newsdesk by Newsdesk
Mon 1 Aug 2022 at 05:10
New investor requests two seats on new-look Donaco board

Donaco’s Aristo International Hotel in Vietnam

11
SHARES
285
VIEWS
Print Friendly, PDF & Email

Southeast Asian casino operator Donaco International Ltd has reported a group-wide EBITDA loss of AU$760,000 (US$530,000) in the three months to 30 June 2022 – a quarter still heavily impacted by the COVID-19 pandemic.

Although the loss was narrowed from a AU$1.37 million (US$956,000) EBITDA loss in the March quarter, net revenue remained subdued at just AU$1.07 million (US$747,000) due its Cambodia border casino, Star Vegas, only reopening on 18 June 2022. Donaco said that operations are continuing on a limited scale at this stage, with the company positioned to “progressively advance towards full scale activities over the coming months” now that the border with Thailand is open.

Its other casino, Aristo International – located in Vietnam near the border with China – has also faced minimal business due to China’s ongoing zero-COVID policy. As a result, net revenue at Aristo saw net revenue of just AU$200,000 (US$140,000) compared with AU$870,000 (US$607,000) at Star Vegas.

Despite the sluggish quarter, non-executive Chairman Porntat Amatavivadhana said Donaco was optimistic about its recovery.

“The highlight of the quarter was the reopening of Star Vegas with the goal to return to full-scale operations as conditions improve,” he said.

“It will take some time before activities return to how they were before, but these external factors are a huge step forward.

“With our business slowly resuming and with [a AU$5 million (US$3.5 million) loan facility] under our belt, we are in a stable position to protect the balance sheet. We are optimistic about Donaco’s future as vaccination rates and international travel patterns continue to improve.”

RelatedPosts

Star performers? A question of executive remuneration

Queensland court rules against Star Entertainment Group in landmark “edge sorting” case

Thu 18 Aug 2022 at 06:56
IGT unveils new game “Outgrow” at Australasian Gaming Expo

IGT unveils new game “Outgrow” at Australasian Gaming Expo

Tue 16 Aug 2022 at 06:38
Star Entertainment Group falls to AU$95 million loss in FY20 but domestic gaming showing signs of recovery

Star Entertainment Group adds two to new look Board of Directors

Tue 16 Aug 2022 at 06:26
Sands Parisian

Sands China to submit license re-tender documents before 14 September

Tue 16 Aug 2022 at 05:45
Load More
Tags: Aristo international hotelAustraliaCambodiaDonaco InternationalEbitdarevenueStar Vegas
Share4Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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

10 Years Ago: Cream of the Mass

Galaxy Entertainment Group “well prepared” to bid for new Macau gaming concession

by Pierce Chan
Thu 18 Aug 2022 at 14:29

Galaxy Entertainment Group announced its financial results for the second quarter on Thursday, with Chairman Lui Che Woo confirming the group is well advanced in its preparations to bid for a new Macau gaming license. “We are well positioned to...

2021: Japan IR – Crunch time part 2

Galaxy reports 72% year-on-year GGR decline in 2Q22

by Ben Blaschke
Thu 18 Aug 2022 at 14:17

Macau’s Galaxy Entertainment Group saw its gross gaming revenue fall by 72% year-on-year and 59% quarter-on-quarter to HK$1.39 billion (US$177 million) in the three months to 30 June 2022 with COVID-19 restrictions continuing to heavily impact the SAR’s casino operators....

Pacific puzzle

CNMI court set to clear the way for auction of Imperial Pacific casino equipment

by Ben Blaschke
Thu 18 Aug 2022 at 07:18

The District Court for the Northern Mariana Islands has lifted a stay on the sale of electronic gaming machines owned by Imperial Pacific International, operator of shuttered Saipan casino Imperial Palace‧Saipan. The order had been in place since last year,...

Star performers? A question of executive remuneration

Queensland court rules against Star Entertainment Group in landmark “edge sorting” case

by Ben Blaschke
Thu 18 Aug 2022 at 06:56

The Queensland Civil and Administrative Tribunal has set aside exclusion orders issued against two patrons by Star Entertainment Group for alleged cheating while playing Pontoon at The Star Gold Coast in 2018. In a landmark decision, the tribunal ruled that...


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

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

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