Donaco International Limited has shared a trading update for the first quarter of the year.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0Donaco International\u00a0<\/strong>has reported an EBITDA loss of AU$1.4m for the first quarter, compared with a loss of AU$0.29 in the same quarter last year. Revenue was AU$0.2m.<\/p>\n\n\n\n The company’s Star Vegas casino in Cambodia has been closed since April 27, 2021, while\u00a0Aristo Casino<\/a>\u00a0in Vietnam<\/a> has been open on a limited basis since May 8, 2020. Star Vegas will reopen when Thailand’s border restrictions ease and conditions improve, the company said.<\/p>\n\n\n\n The board is considering additional balance sheet protections to ensure the company remains sustainable until the situation improves.<\/p>\n\n\n\n Donaco’s non-executive chairman Paul Porntat\u00a0<\/strong>said: \u201cThe March Quarter has been another challenging period for Donaco. We are ready to resume our Star Vegas casino as conditions improve and once we receive the go-ahead from Government authorities. As we wait for this to happen, we are exploring additional options to protect the balance sheet and guarantee the business remains in a sustainable position until broader conditions improve.\u00a0<\/p>\n\n\n\n \u201cWe remain optimistic about Donaco\u2019s long term future. Vaccination rates have increased, leading to the easing of borders and travel restrictions in the regions we operate. It will take some time before travel patterns return to normal, and we are prepared for when international tourism will steadily resume again.” <\/p>\n","protected":false},"excerpt":{"rendered":" Donaco International Limited has shared a trading update for the first quarter of the year.<\/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 Limited reported an EBITDA loss of AU$1.4m and AU$0.2m in revenue for Q1, reflecting continued operational challenges with its Star Vegas casino in Cambodia remaining closed and Aristo Casino in Vietnam operating on a limited basis. The company is exploring additional balance sheet protections and anticipates reopening Star Vegas once border restrictions ease and government approvals are secured, expressing long-term optimism despite current travel limitations.","focusai_entities":"Donaco International Limited, Paul Porntat","focusai_location":"Cambodia, Vietnam, Thailand, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Donaco Balance Sheet Strategy","query":"What specific balance sheet protection measures is Donaco International considering to ensure sustainability, and what is the projected timeline for their implementation?"},{"label":"Star Vegas Reopening Criteria","query":"What are the precise governmental and epidemiological criteria that must be met for Star Vegas to receive approval for full operational resumption, particularly concerning cross-border travel from Thailand?"}],"footnotes":""},"categories":[16336,157],"tags":[966],"class_list":["post-29428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29428","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=29428"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29428\/revisions"}],"predecessor-version":[{"id":29446,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29428\/revisions\/29446"}],"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=29428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}