• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 7 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
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
    • UAE
    • Vietnam
  • Events
  • 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
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Donaco moves back into profit in 3Q19 on improved Vietnam casino operations

Newsdesk by Newsdesk
Fri 18 Oct 2019 at 13:04

Donaco’s Aristo International Hotel in Vietnam

43
SHARES
743
VIEWS
Print Friendly, PDF & Email

A difficult 18 months has shown signs of easing for ASX-listed Donaco International Ltd with the company reporting significant increases in revenue and Group EBITDA thanks to strong growth at Vietnamese casino Aristo.

Donaco, whose operations have been hampered by ongoing legal disputes with the former vendors of its Star Vegas property in Cambodia and sweeping changes to its board and ownership, saw revenues rise 42% to AU$24.3 million and Group EBITDA by 167% to AU$8.9 million.

Aristo, which suffered from the absence of VIP players in 2018 due to a Chinese crime syndicate threatening players as they tried to cross the border from China, saw its revenues jump 164% to US$5 million and EBITDA by 1,163% to US$3 million following a very weak performance in 3Q18.

Star Vegas showed more moderate improvement with revenue up 3% to THB357.8 million, with a high win rate boosting results after VIP turnover declined 38.9% to THB12.1 billion. Donaco said the reduced turnover was in part due to the casino’s new management team beginning rationalization of its VIP junket arrangements to eliminate poor quality business practices and improve margins.

On the improved group-wide results, Donaco said, “The increase in revenues is pleasing given that the September quarter is traditionally not a particularly busy quarter for either of the Company’s casino properties. The public holiday calendar in Cambodia and Vietnam tends to skew the results towards the June half year.

“The new management team led by CEO Paul Arbuckle has just begun to implement improvements in operating procedures, which are expected to generate further improvements in results in future periods.”

Donaco reported a net profit after tax of AU$3.8 million for the quarter, compared with a loss of AU$1.8 million in the prior year period.

RelatedPosts

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners offer one month reprieve to complete Queen’s Wharf Brisbane deal

Mon 7 Jul 2025 at 08:55
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Workers at The Star Brisbane take strike action over “insulting” pay offer

Sun 6 Jul 2025 at 09:13
The 2024 Asian Gaming Power 50

Bally’s ready to pull out of Star rescue deal if AUSTRAC issues monster fine

Fri 4 Jul 2025 at 05:37
Jeju Dream Tower casino sales down 7.4% in March

South Korea’s foreigner-only casinos showing renewed vigor as Jeju Dream Tower sets new monthly drop, visitor records

Thu 3 Jul 2025 at 05:41
Load More
Tags: Aristo international hotelASXAustraliacasinoDonaco InternationalStar VegasVietnam
Share25Share2
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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

DigiPlus launches US$106 million share buyback scheme

DigiPlus launches US$106 million share buyback scheme

by Newsdesk
Mon 7 Jul 2025 at 10:17

Philippine gaming technology firm DigiPlus Interactive Corp has announced the launch of a Php6 billion (US$106 million) share buyback scheme that it says highlights the company’s confidence in its long-term growth prospects. Notably, the announcement comes just days after company...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners offer one month reprieve to complete Queen’s Wharf Brisbane deal

by Ben Blaschke
Mon 7 Jul 2025 at 08:55

A deal to offload its 50% stake in the AU$3.6 billion (US$2.4 billion) The Star Brisbane integrated resort at Queen’s Wharf is still on the table for Star Entertainment Group after revealing Monday that its Hong Kong partners have granted...

Inside Thai IRs

Thai government may formally withdraw casino bill from House agenda citing need for new cabinet to review

by Newsdesk
Mon 7 Jul 2025 at 05:20

The Thai government will consider formally withdrawing its controversial Entertainment Complex Bill from the House agenda this week in order to allow a thorough review by the newly appointed cabinet, said Deputy Finance Minister Julapun Amornvivat. The bill could be...

JP Morgan analysis says Bangkok IRs could generate combined US$5 billion annually

Thai authorities arrest 70 in bust of illegal Bangkok gambling den

by Newsdesk
Sun 6 Jul 2025 at 14:41

With the prospect of legal casinos in Thailand looking more remote by the day, authorities have arrested more than 70 people after busting an illegal gambling den in the Phahon Yothin area of Bangkok. According to The Bangkok Post, the...



IAG

© 2005-2024
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

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語