{"id":19742,"date":"2021-07-01T14:30:16","date_gmt":"2021-07-01T14:30:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19742"},"modified":"2026-04-23T18:01:23","modified_gmt":"2026-04-23T21:01:23","slug":"donaco-gets-permission-to-reschedule-repayment-of-debts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-gets-permission-to-reschedule-repayment-of-debts","title":{"rendered":"Donaco gets permission to reschedule repayment of debts"},"content":{"rendered":"\n

A Key lender, Mega International Commercial Bank Co, has allowed Donaco International Ltd to reschedule repayment of a debt.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Donaco International Ltd<\/strong>\u00a0has gained approval to reschedule the repayment of a debt owed to Mega International Commercial Bank Co.<\/p>\n\n\n\n

The company originally\u00a0borrowed US$100m in Australian dollars in 2015<\/strong>. With June’s payment already made, Donaco now owes US$6.8m.<\/p>\n\n\n\n

The repayment will now be made through six monthly payments of US$1m until November and a final payment of US$1.8m in December.<\/p>\n\n\n\n

In April,\u00a0Donaco<\/a>\u00a0reported that revenue for the first quarter of the year 2021 was down from AU$6m in the previous quarter to AU$2.8m.\u00a0EBITDA for the quarter was AU$0.29m<\/strong>.<\/p>\n\n\n\n

The Australian-listed operator said the arrival of\u00a0second and third waves of Covid-19 cases\u00a0<\/strong>in Cambodia and Thailand had affected its revenues and EBITDA.<\/p>\n\n\n\n

Donaco\u2019s Star Vegas casino<\/a>\u00a0closed its doors in April along with other casinos in Poipet amid\u00a0new Covid-19 countermeasures<\/strong>.<\/p>\n\n\n\n

The company has borrowed US$8.2m from Lee Bug Huy<\/strong>, the firm\u2019s chief executive and an executive director, to be repayable over the next three years on terms similar to those of the Mega Bank facility.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Key lender, Mega International Commercial Bank Co, has allowed Donaco International Ltd to reschedule repayment of a debt.<\/p>\n","protected":false},"author":176,"featured_media":19768,"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 Ltd has successfully renegotiated its debt repayment schedule with Mega International Commercial Bank Co, extending the timeline for its remaining US$6.8m obligation. This restructuring follows significant revenue and EBITDA declines, primarily due to COVID-19 related casino closures in Cambodia and Thailand, necessitating additional financing from its chief executive. The revised schedule involves six monthly payments of US$1m and a final US$1.8m payment in December.","focusai_entities":"Donaco International Ltd, Mega International Commercial Bank Co, Lee Bug Huy","focusai_location":"Australia, Cambodia, Thailand, Poipet","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.85), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Debt Covenant Impact","query":"What are the revised debt covenants and financial ratios associated with the rescheduled Mega Bank facility, and how do they impact Donaco's operational flexibility and future capital expenditure plans?"},{"label":"Regional Market Outlook","query":"Given the ongoing COVID-19 countermeasures in Cambodia and Thailand, what is Donaco's projected timeline for the full reopening of Star Vegas and the anticipated recovery trajectory for GGR and NGR in those specific gaming verticals?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-19742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19742","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19742"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19742\/revisions"}],"predecessor-version":[{"id":19765,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19742\/revisions\/19765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19768"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}