• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 15 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
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

Donaco posts first profitable quarter in over a year on Star Vegas recovery

Newsdesk by Newsdesk
Sun 30 Oct 2022 at 13:18
Donaco looks inward as Lee Bug Huy named new CEO

Star Vegas in Poipet, Cambodia

11
SHARES
275
VIEWS
Print Friendly, PDF & Email

ASX-listed Donaco International Limited has produced its first EBITDA-positive quarter in more than a year in the three months to 30 September 2022, buoyed by the reopening of Star Vegas Resort & Club in Poipet, Cambodia.

Shuttered on 27 April 2021 and only reopening on 18 June 2022, Donaco noted in a Friday filing that while operations had recommenced on a limited scale, they progressively ramped up throughout the September quarter.

As a result, Donaco recorded revenue of AU$4.53 million (US$2.9 million) in 3Q22, up from just AU$760,000 (US$488,000) a year earlier, while EBITDA of AU$1.5 million (US$963,000) reversed an AU$1.04 million EBITDA loss in the same period last year.

Star Vegas contributed the majority of that revenue, to the tune of AU$4.1 million (US$2.6 million) – up from AU$500,000 (US$321,000) in 3Q21 – while property EBITDA of AU$2.22 million (US$1.42 million) reversed a loss of AU$620,000 (US$398 million).

Conversely, Aristo International Hotel in Vietnam – located near the border with mainland China – continues to operator on a limited basis with 3Q22 revenue down 39.4% year-on-year to AU$430,000 (US$276,000) and an EBITDA loss of AU$90,000 (US$58,000).

In announcing its results, Donaco said it is currently focused on the continual ramp up of Star Vegas where it is encouraged by a “positive external environment” given initiatives by Cambodia and Thailand to increase travel flows between the two countries.

“For example, late in the September quarter, the Cambodian and Thai Governments agreed to speed up the reopening of the last three border crossings that remain closed between the two countries,” it said.

Donaco’s Non-Executive Chairman, Porntat Amatavivadhana, added, “I am delighted to see Donaco achieve positive EBITDA for the first time in a quarter since early 2021 and importantly there is substantial further growth potential on the horizon.

“Star Vegas has delivered a strong result so soon after reopening, which is a testament to the operational strategy Donaco has implemented and one which we anticipate will be sustainable.

“We are confident of being able to replicate this strategy at Aristo in the future, which currently remains open on a limited basis.

“As travel patterns in the region continue to improve, in tandem with the incoming Sapa Airport and Aristo’s status as the only 5-star hotel in the Lao Cai province, the long-term future for this operation is very bright.”

RelatedPosts

Melco targeting Indian market with Sri Lanka casino investment, flags annual GGR up to US$250 million

Sri Lankan think tank questions independence and integrity of proposed gaming regulator

Mon 14 Jul 2025 at 05:48
Renowned gaming lawyer Jamie Nettleton to represent IMGL on Judging Panel for inaugural RTG Global Awards

GLI to continue as Gala Dinner Sponsor for Regulating the Game 2026

Sun 13 Jul 2025 at 05:48
A New Macau

Macau gaming tax hits US$5.6 billion through first six months of 2025

Sun 13 Jul 2025 at 05:27
PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Century Entertainment signs joint venture agreement to develop gaming system platforms for Asia-Pacific markets

Thu 10 Jul 2025 at 06:22
Load More
Tags: Aristo international hotelAustraliacasinoDonaco InternationalEbitdaGamingprofitrevenueStar 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 – 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

European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

by Newsdesk
Tue 15 Jul 2025 at 05:24

The European Parliament has approved a recommendation by the European Commission to remove the Philippines from the EU’s list of countries with high money laundering and terrorist financing risk. The Philippines’ Anti-Money Laundering Council (AMLC) confirmed the news on Friday,...

SBC announces debut of Affiliate Leaders Summit in Lisbon

Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

by Newsdesk
Tue 15 Jul 2025 at 05:20

Chart-topping artists Joel Corry and Imanbek will headline SBC Summit 2025’s Opening Party at Urban Beach, Lisbon, on Tuesday 16 September, the organizer has announced. The event is expected to welcome thousands of industry professionals for an evening of high-energy networking and world-class entertainment at one...

Time to shine

Okada Manila’s gaming revenues down a further 9.1% quarter-on-quarter to US$125 million in 2Q25

by Ben Blaschke
Mon 14 Jul 2025 at 18:15

The recent decline of the Philippines’ land-based gaming sector continued for Okada Manila in the June quarter, with the resort’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) reporting a 19.6% year-on-year fall in gross gaming revenues to Php7.10 billion...

Southern Son

IAG offering special hotel room rates at Newport World Resorts for attendees of 2025 IAG EXPO

by Newsdesk
Mon 14 Jul 2025 at 14:42

Inside Asian Gaming is pleased to offer special hotel room rates at Newport World Resorts hotels Okura Manila, Hilton Manila, Manila Marriott, Sheraton Manila and Holiday Inn Express Manila for those attending any of the following events: Manila After Dark...



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

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

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

  • English