• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 3 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 EBITDA up 66% quarter-on-quarter as Cambodia, Vietnam casinos shine

Newsdesk by Newsdesk
Thu 25 Apr 2024 at 05:02
Donaco looks inward as Lee Bug Huy named new CEO

Star Vegas in Poipet, Cambodia

13
SHARES
336
VIEWS
Print Friendly, PDF & Email

Southeast Asian casino investor Donaco International Ltd reported group-wide revenue of AU$12.7 million (US$8.3 million) in the three months to 31 March 2024, representing a 30.1% increase over the December quarter on improved business volumes at its Cambodian and Vietnamese casinos.

EBITDA of AU$8.4 million (US$5.5 million) was also 65.8% higher than in the prior quarter.

Star Vegas, located in Poipet, Cambodia near the border with Thailand, was the primary contributor with net revenue of AU$8.8 million (US$5.7 million) – up 44.1% – and property-level EBITDA of AU$6.6 million (US$4.3 million), up 82.8%. Donaco said Star Vegas benefitted from a membership loyalty program implemented in January 2024.

In Vietnam, Aristo International Hotel – located near the border with mainland China – saw net revenue grow by 6.4% to AU$3.8 million (US$2.5 million) with property-level EBITDA very slightly higher compared with the December quarter at AU$2.5 million (US$1.6 million).

The company added that it continues to focus on “stringent financial management” and ended the period with a cash position of AU$29.0 million (US$18.8 million), a 15.4% increase from the December Quarter’s AU$25.1 million (US$16.3 million).

“Donaco’s operational execution and increase in quality player visitation fueled strong growth in our business in the March Quarter,” said Non-Executive Chairman, Porntat Amatavivadhana.

“Star Vegas continued to outperform, delivering considerable growth across property-level EBITDA and net revenue. The operation also saw an improvement in daily visitation and a reduction in operating expenses, which is a testament to our turnaround strategy.

The Cambodian Government’s successful tourism campaign resulted in improved visitation numbers at Star Vegas. Similar positive results were seen in Vietnam, with our Aristo operation reporting consistent visitation in line with the December Quarter. Meanwhile, Aristo maintained stable financial metrics and moderate improvements across revenue, property level EBITDA and operating expenses, highlighting the asset’s operational efficiency.

“Looking ahead, we are confident in Donaco’s ability to deliver continued solid results, based on our focus on operational efficiencies and the positive tourism trends in the region.”

RelatedPosts

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
Abbiati: Italian Stallion

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
On the brink

Macau GGR continues recent resurgence by rising 19% year-on-year to MOP$21.1 billion in June

Tue 1 Jul 2025 at 12:52
Cambodia’s Hun Sen expected to hand over to son Hun Manet after maintaining power in controversial election

Exiled Cambodian opposition leader alleges Hun Sen’s Thailand fight sparked by fear of losing casino, scam-based revenue streams

Sun 29 Jun 2025 at 17:49
Load More
Tags: AristoCambodiacasinoDonaco InternationalEbitdarevenueStar Vegas
Share5Share1
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
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

PM’s powerful father Thaksin says coalition partner will vote in favor of casino bill as internal rift downplayed

Thaksin Shinawatra ranks 11th on Forbes 2025 list of Thailand’s 50 Richest

by Ben Blaschke
Thu 3 Jul 2025 at 10:04

His daughter may be in the midst of a fight for her political life but Thai powerbroker Thaksin Shinawatra still offers plenty of financial clout, ranking 11th on the latest Forbes list of Thailand’s 50 Richest. According to the Forbes...

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

by Ben Blaschke
Thu 3 Jul 2025 at 06:30

Thailand’s foreign tourism arrivals have fallen by a total of almost 4.6% through the first six months of this year, continuing a worrying trend at a time when a casino bill aimed at boosting international visitation appears to be on...

Philippines tech firm DigiPlus enters final stage of Brazil’s iGaming licensing process

Philippine technology firm DigiPlus to launch Brazil iGaming platform in September

by Newsdesk
Thu 3 Jul 2025 at 05:54

Philippines gaming technology supplier DigiPlus Interactive Corp said Wednesday it expects to go live with its Brazil iGaming operations in September. The offering will include an extensive line-up of livestreamed games, slots, table games and exclusive self-developed digital entertainment content,...

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

by Ben Blaschke
Thu 3 Jul 2025 at 05:41

Low hold rates saw Lotte Tour’s Jeju Dream Tower suffer a 13.4% month-on-month decline in casino sales to KRW35.8 billion (US$26.4 million) in June, but data published by parent company Lotte Tour shows it was in fact the resort’s best...



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