Published
Land-BasedCasinoFinancialIndustry

Donaco reports $200,000 in Q3 revenue

Donaco International Limited reported net revenue of AU$300,000 (US$200,000) for Q3 2020, a drop of 99% from AU$24.3m for the same period in 2019. Operating expenses were AU$1.75m, down 87% from 2019 levels. Group EBITDA saw a loss of AU$2.72m, compared to positive EBITDA of AU$8.91m reported in 2019. 

donaco

DNA Star Vegas, the group’s property in Cambodia, reported net revenue of $0.09m, a substantial decline from $11.65m recorded in Q3 2019. The average daily visitation declined from 4,182 to 52. The drop in revenues was impacted by COVID-19 since the casino reopened at limited capacity on September 25, only 5 days until the end of the quarter. Reportedly, the majority of the casino’s players come from Thailand, but the country’s borders are still closed.

Aristo International Hotel, located in Vietnam, reopened on May 8 but remains accessible to local patrons only due to the border restriction with China. The venue’s net revenue for Q3 was $0.14m, compared to $4.99m for the same period in 2019. 

During the quarter, Lee Bug Huy was appointed CEO and Porntat Amatavivadhana became non-executive chairman. Amatavivadhana said: “The renewed Board and Management team continues to emphasize preserving shareholder value by controlling the Company’s corporate and operational costs.

"We successfully completed a capital raising in the quarter, which has strengthened our balance sheet and gives us headroom to weather the COVID-19 impacts and look towards long-term growth.” 


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...