{"id":32239,"date":"2022-08-01T01:33:22","date_gmt":"2022-08-01T04:33:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32239"},"modified":"2026-04-23T06:23:22","modified_gmt":"2026-04-23T09:23:22","slug":"donaco-posts-net-revenue-of-us747000-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-net-revenue-of-us747000-for-q2","title":{"rendered":"Donaco posts net revenue of US$747,000 for Q2"},"content":{"rendered":"\n

Donaco said Covid-19 challenges remained during the quarter.<\/p>\n\n\n\n\n\n\n\n

Australia.- Donaco International has shared its financial results for the three-month period ending June 30. Its EBITDA loss narrowed to AU$760,000\u00a0(US$531,237) from a negative AU$1.37m in the prior quarter. Net revenue was AU$1.07m (US$747,000).<\/p>\n\n\n\n

The company revealed that the board had approved a loan facility for AU$7m (US$5m)<\/strong>\u00a0from Techatut Sukcharoenkraisri, Donaco’s CEO and executive director, to preserve cash and protect the company’s balance sheet.<\/p>\n\n\n\n

According to the group, the loan was judged to be the best funding source to guarantee the company remains in a sustainable position <\/strong>while operations are limited and to assist in the transition towards total operational capacity.\u00a0<\/p>\n\n\n\n

The Star Vegas casino<\/a>\u00a0resumed operations on June 18 when the Cambodian government lifted the temporary closure that started on April 27, 2021. Meanwhile,\u00a0Aristo Casino<\/a>\u00a0in\u00a0Vietnam<\/a>, which started limited operations on May 8, 2020, was recently recognised by the Lao Cai ministry of culture, sports and tourism as the only five-star hotel in Lao Cai City, Vietnam.\u00a0<\/p>\n\n\n\n

The company said the endorsement is valid for 5 years and is a great opportunity to attract new customers in the long term, as the new Sapa airport in Lao Cai<\/a> is under construction with a capacity of 1.5 million passengers per year.<\/p>\n\n\n\n

Donaco\u2019s non-executive chairman, Porntat Amatavivadhana<\/strong>, stated: “The highlight of the Quarter was the reopening of Star Vegas with the goal to return to full-scale operations as conditions improve. It will take some time before activities return to how they were before, but these external factors are a huge step forward.  <\/p>\n\n\n\n

\u201cWith our business slowly resuming and the loan facility under our belt, we are in a stable position to protect the balance sheet. We are optimistic about Donaco\u2019s future as vaccination rates and international travel patterns continue to improve.”   <\/p>\n","protected":false},"excerpt":{"rendered":"

Donaco said Covid-19 challenges remained during the quarter.<\/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 narrowed EBITDA loss and AU$1.07m net revenue for Q2, securing a AU$7m loan from its CEO to bolster liquidity. The Star Vegas casino in Cambodia has reopened, while Aristo Casino in Vietnam received a five-star rating, positioning Donaco for future growth amidst improving travel conditions and new infrastructure development.","focusai_entities":"Donaco International, Techatut Sukcharoenkraisri, Porntat Amatavivadhana, Star Vegas, Aristo Casino, Lao Cai ministry of culture, sports and tourism","focusai_location":"Australia, Cambodia, Vietnam, Lao Cai City, Sapa","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), marketing_crm (0.7), investor_analyst (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Loan Facility Terms?","query":"What are the specific terms, interest rates, and repayment schedule of the AU$7m loan facility provided by Donaco's CEO, and how does this impact the company's capital structure and liquidity profile?"},{"label":"Star Vegas GGR Ramp-up?","query":"What is the projected timeline and GGR ramp-up strategy for Star Vegas to return to pre-pandemic operational capacity, and what are the key performance indicators being monitored?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-32239","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\/32239","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=32239"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32239\/revisions"}],"predecessor-version":[{"id":32263,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32239\/revisions\/32263"}],"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=32239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}