• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 7 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

Donaco recovery continues in 2Q23 as Vietnam casino nears return to full capacity

Ben Blaschke by Ben Blaschke
Mon 31 Jul 2023 at 17:11
New investor requests two seats on new-look Donaco board

Donaco’s Aristo International Hotel in Vietnam

32
SHARES
803
VIEWS
Print Friendly, PDF & Email

ASX-listed Southeast Asian casino operator Donaco International said its operational turnaround strategy remained on track throughout the June 2023 quarter, despite bad luck at Star Vegas in Cambodia ultimately impacting its bottom line.

Group-wide revenue in 2Q23 reached AU$6.88 million (US$4.61 million) – up from AU$1.1 million a year earlier although lower than the AU$7.55 million (US$5.05 million) recorded in Q1. Likewise, EBITDA of AU$2.40 million (US$1.61 million) reversed an AU$800,000 (US$536,000) loss in 2Q22 but was lower than the AU$4.07 million (US$2.72 million) in the March 2023 quarter.

Donaco said Star Vegas’ EBITDA result was hurt by “an anomalous VIP win rate and non-recurring audit adjustments.”

Specifically, Donaco doubled its VIP turnover quarter-on-quarter but suffered a rare losing quarter for the VIP segment with a win rate of -1.06%, versus win rates of 4.11% in 2Q22 and 4.09% in 1Q23.

“This in conjunction with a renewed focus on maximising operational efficiencies moving forward has led Donaco to anticipate stronger earnings margins in the coming quarters,” the company added.

At Aristo Hotel in Vietnam, performance was vastly improved following the recent opening of the nearby border with mainland China. Rolling chip turnover of AU$323 million (US$216 million) swamped the AU$3.20 million (US$2.14 million) in turnover a year earlier and Q1’s turnover of AU$88.2 million (US$59.1 million).

As a result, net revenue more than doubled sequentially to AU$2.51 million (US$1.68 million) with EBITDA of AU$1.31 million (US$877,000).

“The June quarter marked an important step for Donaco as we reach a return to full-scale operations,” said Non-Executive Chairman, Porntat Amatavivadhana.

“Pleasingly, the outlook for our business remains promising. Travel inflows from China to Vietnam are expected to continue to ramp-up and the Cambodian government recently launched a major tourism campaign to attract Thai visitors, which is highly encouraging for our Star Vegas casino.

“Backed by a healthy balance sheet and a clear line of sight towards enhanced operational efficiencies, we are well placed to capitalise on the emerging opportunities ahead and deliver long-term value for our shareholders.”

RelatedPosts

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

Thu 7 Aug 2025 at 05:17
IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

Wed 6 Aug 2025 at 13:43
Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Casino revenue at Grand Korea Leisure up 12% month-on-month to US$28 million in July

Wed 6 Aug 2025 at 05:03
Vietnam gaming

Vietnam to introduce casino entry fee in place of financial capacity requirement under revamped pilot program for locals

Tue 5 Aug 2025 at 19:02
Load More
Tags: Aristo international hotelCambodiacasinosDonaco InternationalGamingrevenueStar VegasVietnam
Share13Share2
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

Rising tide

Byron Yip to depart as Okada Manila President and COO, replaced by Universal’s Nobuki Sato

by Ben Blaschke
Thu 7 Aug 2025 at 13:25

Byron Yip will step down as President and COO of Okada Manila operator Tiger Resort, Leisure and Entertainment, Inc (TRLEI) after seven years in the job, to be replaced by parent company Universal Entertainment Corp’s Nobuki Sato, the company has...

Bloomberry boss Razon reveals major concerns over Japan’s lack of IR clarity

Enrique Razon Jr named second richest person in Philippines as gaming names dominate Forbes 2025 list

by Newsdesk
Thu 7 Aug 2025 at 12:25

Bloomberry Resorts Corp founder Enrique Razon Jr has retained his position as the second richest person in the Philippines in 2025, according to Forbes, with his fortune climbing further over the past year to an estimated US$11.5 billion. Razon, whose...

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

by Ben Blaschke
Thu 7 Aug 2025 at 05:57

The Board of Directors of global gaming supplier Light & Wonder has approved a sole primary listing on the Australian Securities Exchange (ASX), with the company to delist from the US NASDAQ by the end of November. The decision to...

Payment technologies help Crane Co profits surge 377% in 2Q21

Crane NXT profit down as payments arm CPI reveals lower sales volumes in 2Q25

by Newsdesk
Thu 7 Aug 2025 at 05:45

Global currency and payments technology company Crane NXT reported a 9.1% year-on-year increase in net sales to US$404.4 million in 2Q25, although operating profit fell by 29.1% to US$47.9 million in part due to a challenging quarter for payments arm...

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