• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 26 June 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 reports vastly improved FY23 results on reopening of Cambodia, Vietnam casinos

Newsdesk by Newsdesk
Fri 1 Sep 2023 at 05:01
Deconstructing  Donaco
14
SHARES
340
VIEWS
Print Friendly, PDF & Email

Southeast Asian casino operator Donaco International Ltd has reported a near 10-fold increase in revenues for the year ended 30 June 2023 of AU$24.33 million, up from just AU$2.4 million a year earlier thanks to the full reopening of its Cambodian and Vietnam casinos.

The company also returned to an EBITDA profit of AU$9.61 million versus a FY22 loss of AU$4.4 million, although it reported a statutory net loss of AU$36.7 million after recognizing a non-cash asset impairment charge of AU$22.2 million at Aristo Hotel in Vietnam and AU$4.5 million at Star Vegas in Poipet, Cambodia due to COVID-19 and a “higher interest rates environment”.

Star Vegas, which reopened in June 2022, saw its revenues reach AU$19.9 million, up from just AU$900,000 a year earlier, with Adjusted EBITDA of AU$10.82 million.

Aristo International Hotel in Vietnam, which benefited from the reopening of mainland China’s borders in January, delivered FY23 revenue of AU$4.4 million and EBITDA of AU$1.53 million.

Donaco said the property has enjoyed greater traction in VIP visitors as the year has progressed after reducing the monthly minimum turnover required to qualify as an active junket from RMB6 million to RMB3 million.

Aristo is “performing well and is on track to reach full operational capacity in the current quarter,” it added.

“FY23 was a turnaround year for Donaco as we came out from the effects of the pandemic,” said Donaco’s Non-Executive Chairman, Mr Porntat Amatavivadhana.

“I am proud of our management team and the whole staff for navigating through the year. Now that both Star Vegas and Aristo are returning to full scale operations, our outlook is promising, and we’re targeting future earnings growth.

“The travel flows between the Thailand/Cambodia and Vietnam/China borders are expected to continue to ramp-up and benefit our operations.

“Backed by a healthy balance sheet and solid strategy, we are well placed to capitalise on the emerging opportunities ahead and deliver sustainable growth for our shareholders.”

RelatedPosts

Macau hotel room rates soar ahead of Chinese New Year holidays

Macau’s hotel occupancy rate rises 4.5 percentage points to 87.8% in May

Thu 26 Jun 2025 at 19:24
Emperor Group to target Macau’s premium mass market after 2019 revenue decline

Emperor Entertainment sees Macau gaming segment’s revenue contribution rise in FY25 just as satellite casino era nears its end

Tue 24 Jun 2025 at 06:50
Foreign tourists among those banned by Thailand from travelling to Cambodia to gamble

Foreign tourists among those banned by Thailand from travelling to Cambodia to gamble

Tue 24 Jun 2025 at 06:02
Donaco pays down US$8.5 million in debt as part of loan refinancing deal

Independent expert gives green light to shareholder plan to acquire Southeast Asian casino operator Donaco

Sun 22 Jun 2025 at 17:37
Load More
Tags: Aristo international hotelCambodiacasinoDonaco InternationalrevenueStar VegasVietnam
Share6Share1
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 – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau hotel room rates soar ahead of Chinese New Year holidays

Macau’s hotel occupancy rate rises 4.5 percentage points to 87.8% in May

by Pierce Chan
Thu 26 Jun 2025 at 19:24

Macau’s average hotel room occupancy rate in May was 87.8%, an increase of 4.5 percentage points year-on-year. The monthly tally included average hotel room occupancy rate in five-star hotels of 91.4%, representing the highest occupancy rate of any room class...

South Shore shareholders convene SGM to vote on winding up of the company

THE 13’s new owner revealed to be related to Rio Hotel chair Loi Keong Kuong

by Pierce Chan
Thu 26 Jun 2025 at 19:23

Following the sale of Macau’s THE 13 Hotel this week for HK$600 million (US$76 million), Inside Asian Gaming can reveal that the buyer is related Rio Hotel chairman Loi Keong Kuong. According to sale information obtained, the new owner of...

DATA.BET adds Bet Builder for sports 

DATA.BET adds Bet Builder for sports 

by Newsdesk
Thu 26 Jun 2025 at 19:20

Sportsbook solution supplier DATA.BET says it has introduced Bet Builder functionality as part of its sports betting offering. Starting with football, basketball and hockey, the feature is already available and integrated by the company’s first partners. According to information from...

Alliance Global Group’s Megaworld signs partnership agreement with Accor, to open Mercure hotel in Cebu

Alliance Global Group’s Megaworld signs partnership agreement with Accor, to open Mercure hotel in Cebu

by Newsdesk
Thu 26 Jun 2025 at 06:15

Philippine conglomerate Alliance Global Group’s property arm Megaworld has inked a partnership agreement with global hotels giant Accor that will see some of its hotel brands activate under Megaworld Hotels & Resorts. The first of these brands, Mercure, will debut...



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