• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 26 August 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
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
No Result
View All Result
IAG
No Result
View All Result

Minimal revenue in 3Q20 as Donaco begins long road to recovery

Ben Blaschke by Ben Blaschke
Mon 2 Nov 2020 at 04:57
Donaco looks inward as Lee Bug Huy named new CEO

Star Vegas in Poipet, Cambodia

28
SHARES
712
VIEWS
Print Friendly, PDF & Email

Australian-listed Donaco International Ltd has reported a Group EBITDA loss of AU$2.7 million (US$1.9 million) in the three months to 30 September, hindered by the impact of COVID-19 which saw its casinos in Cambodia and Vietnam either closed or only partially opened throughout the quarter.

According to the company’s 3Q20 results announcement on Friday, Donaco recorded net revenue of just AU$330,000 for the quarter of which Star Vegas in Poipet – which reopened to patrons located in Cambodia on 25 September – contributed just US$90,000 from its six days of operation. Average daily visitation at Star Vegas was just 52 people compared with a 3Q10 average of more than 4,000.

Likewise, Aristo International Hotel in Vietnam averaged 12 players per day for the quarter versus 486 players last year, with revenue of just US$140,000 across the three months. Aristo reopened its doors in May but the ongoing closure of the nearby border with China has prevented any meaningful business.

“COVID-19 continued to impact Donaco’s operational performance during the September quarter, but the Company has responded with pragmatic initiatives to maintain a healthy financial position once our casino operations fully reopen,” said Non-Executive Chairman Porntat Amatavivadhana.

“The limited reopening of Star Vegas is a positive development for the business, and the renewed Board and management team continues to emphasize preserving shareholder value by controlling the Company’s corporate and operational costs.

“We successfully completed a capital raising in the quarter, which has strengthened our balance sheet and gives us headroom to weather the COVID-19 impacts and look towards long-term growth.”

Donaco said it managed to reduce its monthly cash burn to around US$700,000 during the September quarter.

RelatedPosts

Macau GGR down 12.7% month-on-month to MOP$17.3 billion in September, lowest of the year

Macau government collects US$1 billion in gaming tax revenue in July

Mon 25 Aug 2025 at 13:34
Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

Mon 25 Aug 2025 at 05:33
Death by a thousand cuts

SkyCity announces US$140 million equity raising on continued economic weakness, lower customer spend

Thu 21 Aug 2025 at 05:11
Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Novomatic submits new unconditional takeover bid for Australian slots supplier Ainsworth

Wed 20 Aug 2025 at 06:33
Load More
Tags: Aristo international hotelAustraliaCambodiacasinoDonaco InternationalrevenueStar Vegasthird quarterVietnam
Share11Share2
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 – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

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

Related Posts

Slots 2.0

JP Morgan says Macau GGR now at highest non-Golden Week levels since pandemic

by Ben Blaschke
Mon 25 Aug 2025 at 17:04

Investment bank JP Morgan has estimated Macau’s gross gaming revenues in the seven days from 18 to 24 August at MOP$793 million per day, representing a 9% increase over the prior week and making it the city’s highest non-Golden Week...

Macau GGR down 12.7% month-on-month to MOP$17.3 billion in September, lowest of the year

Macau government collects US$1 billion in gaming tax revenue in July

by Ben Blaschke
Mon 25 Aug 2025 at 13:34

According to data released by Macau’s Financial Services Bureau, the Macau government’s revenue from gaming taxes in July was approximately MOP$8.11 billion (US$1.01 billion), largely in line with the MOP$8.16 billion collected in June. The July tax figure correlates to...

Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

by Newsdesk
Mon 25 Aug 2025 at 05:33

Team King Investment (CNMI) LLC, a recently incorporated company which in February won a bid to acquire the casino assets of Imperial Pacific International, has officially closed the deal and taken ownership. According to local media outlet Marianas Variety, the...

More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

by Ben Blaschke
Sun 24 Aug 2025 at 11:19

The holding company of Clark’s Hann Casino Resort has postponed an initial public offering that had been planned to take place in September, according to a report by Bloomberg. The delay is due to global uncertainties that have heavily impacted...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

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

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
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English