The Australian-listed company has reported it returned to positive EBITDA For October – November due to “strategic initiatives”<\/p>\n\n\n\n\n\n\n\n
Australia.- Gaming group Donaco International has revealed it returned to positive EBITDA in October and November, after months in the red. <\/p>\n\n\n\n
The Australian company managed to reach a stable position in the last trimester thanks to \u201cstrategic initiatives\u201d and cost-cutting measures implemented at its two casinos in Southeast Asian.<\/p>\n\n\n\n
The firm reported EBITDA of US$540,000 in October and US$800,000 in November, adding that the trend would continue into December with its flagship Cambodian casino, Star Vegas in Poipet, no longer making a loss.<\/p>\n\n\n\n
The company had reported a Group EBITDA loss of AU$2.7m (US$1.9m) in the three months to 30 September.<\/p>\n\n\n\n
The firm stated: \u201cThe main drivers of this growth are the strategic initiatives executed by the new Board and executive team to weather the impacts from the Covid-19 pandemic, alongside the continued cost control strategy in place.<\/p>\n\n\n\n
\u201cStrategic initiatives include a shift in customer targeting, with a renewed focus on attracting clientele from the local region to Star Vegas, to in turn reduce the company\u2019s international staff expenses and provide a solid platform for growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Australian-listed company has reported it returned to positive EBITDA For October – November due to “strategic initiatives”<\/p>\n","protected":false},"author":2,"featured_media":12864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International, an Australian-listed gaming group, has reported a return to positive EBITDA for October and November, reversing a prior quarter's loss. This financial recovery is attributed to strategic initiatives and stringent cost-cutting measures implemented across its Southeast Asian casino portfolio, notably at Star Vegas in Poipet, Cambodia, through a focused shift to local clientele.","focusai_entities":"Donaco International, Star Vegas","focusai_location":"Australia, Southeast Asia, Cambodia, Poipet","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA Sustainability?","query":"What specific operational metrics and market conditions underpin the projected sustainability of Donaco's positive EBITDA trend beyond December, particularly concerning the local clientele strategy?"},{"label":"Regional Market Impact?","query":"How does Donaco's strategic pivot to local clientele at Star Vegas position it against regional competitors, and what are the long-term implications for its market share and GGR in Cambodia?"}],"footnotes":""},"categories":[160,16336,163,158],"tags":[289,966],"class_list":["post-12860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-finance-news","category-slider-home","tag-australia","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12860"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12860\/revisions"}],"predecessor-version":[{"id":12866,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12860\/revisions\/12866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12864"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}