Donaco seeks financing due to Coronavirus impact

The announcement was done early in this Friday morning, after Donaco revealed a 75% decline in visitation through February

Vietnam.- Southeast Asian casino operator Donaco International Ltd has said that it will seek financing to complete payments and obligations having have visitation and revenues negatively impacted due to the Coronavirus outbreak.

“The Board is aware that the liquidity of the Company may tighten from the closure of the border crossing between China and Vietnam in January due to the outbreak of COVID-19,” Chairman Mel Ashton said.

“Accordingly, Donaco is seeking to access financing to support payment obligations and working capital requirements of the Company.” he added.

The announcement was made todayafter Donaco revealed a 75% decline in visitation through February as a result of the border controls between China and Vietnam in January due to the outbreak of Coronavirus.