Donaco revenue falls to AU$2.8 in Q1 due to Covid-19 restrictions

Donaco’s Star Vegas casino remains closed until further notice due to a spate of Covid-19 cases.

Australia.- Donaco International has reported that revenue for the first quarter of the year 2021 was down from AU$6m in the past quarter to AU$2.8m. EBITDA for the quarter was AU$0.29m.

The Australian-listed operator said the arrival of second and third waves of Covid-19 cases in Cambodia and Thailand affected its revenues and EBITDA.

Donaco’s Star Vegas casino has closed its doors until further notice along with other casinos in Poipet amid new Covid-19 countermeasures.

Paul Porntat Amatavivadhana, non-executive chairman of Donaco International Ltd, stated: “The March quarter was a challenging period due to the Covid-19 pandemic with the outbreak in January leading to a more severe outbreak in April. 

“Nonetheless, we have continued to focus on what we can control, our internal operations and protecting our balance sheet. We have done everything to manage what had to be managed internally within the business.” 

During the first quarter of the year, Donaco’s Star Vegas casino reported net revenue of AU$2.51m down from AU$5.57m in the previous quarter.

Star Vegas registered an average daily visitation of 290 players, down 88 per cent from the first quarter of 2020 when there was an average daily visitation of 2,584 players.