• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 9 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’s 1Q25 revenue down on losing quarter for VIP segment at Star Vegas

Ben Blaschke by Ben Blaschke
Tue 29 Apr 2025 at 09:45
Donaco pays down US$8.5 million in debt as part of loan refinancing deal

Star Vegas in Poipet, Cambodia

6
SHARES
145
VIEWS
Print Friendly, PDF & Email

ASX-listed Donaco International Limited has reported a 10.0% decrease in group-wide revenue to AU$10.03 million (US$6.4 million) in the three months to 31 March 2025, impacted by a losing quarter in the VIP segment at its Cambodian casino Star Vegas.

According to information made public on Tuesday, net revenue at Star Vegas declined by 28.7% year-on-year and 12.4% compared with the December 2024 quarter, impacted by a significant drop in VIP rolling chip turnover and exceedingly poor luck. That’s despite the number of casino players actually increasing from 872 players to 928 players year-on-year. The Q1 figure was only slightly down on 957 players in 4Q24.

Donaco noted that Star Vegas suffered from VIP loss for the quarter with a win rate of -1.5%, with Property Level EBITDA almost halved year-on-year as a result to AU$3.48 million (US$2.2 million).

At the company’s Vietnam casino Aristo International, located near the northern border with China, net revenue was basically steady at AU$3.75 million (US$2.4 million) with Property Level EBITDA of AU$2.31 million (US$1.5 million).

The group also Donaco strengthened cash position in 1Q25 from AU$36.3 million (US$23.3 million) three months earlier to AU$40 million (US$25.7 million).

“Despite continuing to report robust visitation numbers and applying stringent financial management, the operating environment proved challenging in the March quarter,” said Donaco’s Non-Executive Chairman, Mr Porntat Amatavivadhana.

“Aristo continued to perform steadily during the quarter, reporting revenue growth and stable EBITDA. We also continued to see visitation numbers grow with higher levels of tourism in the region following reduced border restrictions and government tourism campaigns.

“However, we continue to diligently monitor the Thai government’s proposed Draft Entertainment Complex Business Act and evaluate its potential implications for our Star Vegas operations.”

Porntat also referenced the recent announcement that Donaco had entered into a binding Scheme Implementation Deed with On Nut Road Ltd (ONR) – a special purpose vehicle managed by Hong Kong’s Argyle Street Management Limited – for ONR to acquire 100% of the shares in Donaco it doesn’t currently own, reiterating encouragement for investors to vote in favor of the buyout.

“The Board has carefully considered the merits of the Scheme, and we believe On Nut Road Limited’s offer provides compelling value to Donaco shareholders, representing a 54.10% premium to the 90-day volume-weighted average share price,” he said.

“The Board continues to unanimously recommend that Donaco shareholders vote in favour of the Scheme at the Scheme Meeting in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of Donaco shareholders”

RelatedPosts

Sri Lanka approves free visas for visitors from seven countries in bid to boost tourism, revive economy

Junket operations among key discussion points as Sri Lanka government committee delves into casino regulation

Mon 9 Jun 2025 at 05:49
Crown down but Star not ruling out junkets

Star calls for leniency as court hearing to determine size of AUSTRAC fine gets underway

Thu 5 Jun 2025 at 20:14
A who’s who of Thai society to join major local media contingent for TECR 

A who’s who of Thai society to join major local media contingent for TECR 

Tue 3 Jun 2025 at 18:55
Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau government lowers 2025 GGR forecast to US$28 billion

Tue 3 Jun 2025 at 16:06
Load More
Tags: Aristo international hotelAustraliaCambodiacasinoDonaco InternationalGamingrevenueStar VegasVIP
Share2Share
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 – 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
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Around 40 local Thai media attend Bangkok’s Thailand Entertainment Complex Roundtable (TECR), helping promote a vital fact-based narrative 

Around 40 local Thai media attend Bangkok’s Thailand Entertainment Complex Roundtable (TECR), helping promote a vital fact-based narrative 

by Ben Blaschke
Mon 9 Jun 2025 at 06:22

Only time will tell how successful the Thai Entertainment Complex Roundtable (TECR) has been in promoting a fact-based narrative around the legalization of casino gaming in Thailand. However, there is no doubt the event – which brought together for the...

Sri Lanka approves free visas for visitors from seven countries in bid to boost tourism, revive economy

Junket operations among key discussion points as Sri Lanka government committee delves into casino regulation

by Newsdesk
Mon 9 Jun 2025 at 05:49

The operations of casino junkets, including if and how they would be taxed under the nation’s new casino regulatory regime, has been discussed at length by Sri Lanka’s Committee on Public Finance. According to mainstream media outlet The Sunday Times,...

Melco parent appoints CFO Geoffrey Davis as Executive Director, Henry Ko Chun Fung joins board

Melco parent appoints CFO Geoffrey Davis as Executive Director, Henry Ko Chun Fung joins board

by Ben Blaschke
Mon 9 Jun 2025 at 05:25

Melco International Development Ltd, the parent company of Macau concessionaire Melco Resorts & Entertainment, has announced the appointment of its Chief Financial Officer as an Executive Director. It has also named Henry Ko Chun Fung as a new independent non-executive...

Hong Kong Chief Executive claims to have discussed “travel bubble” with Macau

Over 90% of Hong Kong residents support introduction of basketball betting as 50% net revenue tax proposed

by Pierce Chan
Fri 6 Jun 2025 at 19:10

The Hong Kong government has completed a public consultation on the legalization of basketball betting, with 94% of respondents supporting the introduction of the new betting option and proposing that 50% of net betting revenue be allocated as gambling tax....



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