{"id":327,"date":"2019-10-21T21:28:36","date_gmt":"2019-10-21T21:28:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=327"},"modified":"2026-04-24T10:19:04","modified_gmt":"2026-04-24T13:19:04","slug":"donaco-revenues-up-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-revenues-up-in-the-third-quarter","title":{"rendered":"Donaco revenues up in the third quarter"},"content":{"rendered":"\n<p>Australian-listed Donaco International Ltd&nbsp;says it returned to profitability in the third quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-<em><strong> Donaco International<\/strong><\/em> reported significant increases in revenue and Group\u2019s EBITDA thanks to strong growth at Vietnamese casino Aristo.<\/p>\n\n\n\n<p>On Friday, the Asian casino operator, Donaco issued a trading update for the three-month period ending September 30; during which the company said its results showed \u201c<em>a very strong improvement<\/em>\u201d comparing to the same period last year.<\/p>\n\n\n\n<p>The company saw revenues rise 42% to \u20ac14,9 million; and Group EBITDA by 167% to \u20ac5,45 million in the third quarter.<\/p>\n\n\n\n<p><em>\u201cHigher revenues and tighter cost control across the group generated a strong increase in EBITDA,\u201d<\/em> said the company. Moreover, <em>the net profit performance reflects a slight increase in depreciation and amortisation costs.\u201d<\/em> <\/p>\n\n\n\n<p>Donaco credited the turnaround to increased revenue, particularly at its Aristo International Hotel property in northern Vietnam; and stricter cost controls, including <em>\u201cthe departure of unprofitable junkets\u201d <\/em>at Donaco\u2019s main casino, the Star Vegas in Poipet, Cambodia. Overall revenue at <a href=\"https:\/\/focusgn.com\/star-vegas-to-make-financial-comeback-donaco-says\"><em><strong>Star Vegas increased by 3%<\/strong><\/em><\/a> year-on-year in the third quarter, and property EBITDA rose by 7%.<\/p>\n\n\n\n<p>Donaco\u2019s recent history has been dominated by&nbsp;legal disputes involving Star Vegas, including the long-running fight with a Thai group that Donaco hired to run gaming operations at the adjoining Star Paradise casino. <\/p>\n\n\n\n<p>During the September 2019 quarter, a&nbsp;new management team&nbsp;at Star Vegas <em>\u201cbegan rationalising the VIP junket arrangements, with a focus on eliminating poor quality business practices, and improving margins,\u201d<\/em> stated Donaco.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian-listed Donaco International Ltd&nbsp;says it returned to profitability in the third quarter of the year.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International Ltd, an Australian-listed Asian casino operator, reported a return to profitability in Q3, driven by a 42% revenue increase to \u20ac14.9 million and a 167% rise in Group EBITDA to \u20ac5.45 million. This turnaround is attributed to robust performance at its Vietnamese casino, Aristo International Hotel, and stringent cost controls, including the elimination of unprofitable junket operations at its Cambodian property, Star Vegas. The results signal a positive shift following prior legal disputes and management restructuring focused on improving margins.","focusai_entities":"Donaco International Ltd, Aristo International Hotel, Star Vegas, Star Paradise","focusai_location":"Australia, Vietnam, Cambodia, Poipet","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.85), operator_casino (0.95), payments_fraud_aml (0.8), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Aristo Growth Drivers","query":"What specific market conditions or operational enhancements at Aristo International Hotel were most instrumental in driving its significant revenue growth in Q3?"},{"label":"Junket Strategy Impact","query":"How will the rationalized VIP junket strategy at Star Vegas, including the departure of unprofitable partners, impact long-term NGR and the overall risk profile of Donaco's Cambodian operations?"}],"footnotes":""},"categories":[160,16336,28,163],"tags":[289,29,966],"class_list":["post-327","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australasia-news","category-casino-news","category-finance-news","tag-australia","tag-casino","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/327","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\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=327"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/327\/revisions"}],"predecessor-version":[{"id":777010334,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/327\/revisions\/777010334"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}