Donaco has revealed that revenue fell 46.4 per cent during the second quarter of the year due to Covid-19 restrictions.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0Donaco International<\/strong>\u00a0has reported that revenue for the second quarter of the year was down 46.4 per cent\u00a0<\/strong>to AU$1.5m. EBITDA was AU$0.5m.<\/p>\n\n\n\n The temporary closure of\u00a0Star Vegas<\/a>\u00a0on April 27 amid new Covid-19 infections<\/strong>\u00a0in Cambodia<\/a> and the closure of all casinos<\/strong>\u00a0in the Banteay Meanchey province has deeply affected revenue.<\/p>\n\n\n\n The company said it has kept an emphasis on continued cost control measures<\/strong>\u00a0and mitigation activities, which resulted in a reduction in operating expenses to A$U1.3m.<\/p>\n\n\n\n Donaco agreed a new repayment plan on debts<\/strong>, comprising an alternative monthly repayment of US$1m over six months between June 2021 to November 2021 and a final instalment of US$1.8m to be paid by 31 December 2021.<\/p>\n\n\n\n For the first quarter of the year,\u00a0Donaco<\/strong>\u00a0reported that revenue was down from AU$6m in the prior quarter to AU$2.8m.\u00a0EBITDA for the quarter was AU$0.29m<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Donaco has revealed that revenue fell 46.4 per cent during the second quarter of the year due to Covid-19 restrictions.<\/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 reported a significant 46.4% decline in Q2 revenue to AU$1.5m, primarily due to COVID-19 related operational closures, including its Star Vegas property in Cambodia. Despite the revenue contraction, the company maintained stringent cost control measures, reducing operating expenses, and successfully renegotiated its debt repayment schedule. This reflects the ongoing challenges faced by land-based gaming operators in regions impacted by public health restrictions.","focusai_entities":"Donaco International, Star Vegas","focusai_location":"Australia, Cambodia, Banteay Meanchey","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Post-COVID Strategy","query":"What is Donaco's projected timeline for achieving pre-pandemic GGR levels at Star Vegas, and how will the renegotiated debt structure impact its capital expenditure for future growth initiatives?"},{"label":"Operational Resilience","query":"Beyond cost controls, what specific operational diversification or market expansion strategies is Donaco implementing to mitigate future regional closure risks and enhance revenue stability?"}],"footnotes":""},"categories":[16336,163],"tags":[966,23907],"class_list":["post-20860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-donaco","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20860","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=20860"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20860\/revisions"}],"predecessor-version":[{"id":20899,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20860\/revisions\/20899"}],"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=20860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}