{"id":33094,"date":"2022-08-31T03:06:41","date_gmt":"2022-08-31T06:06:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33094"},"modified":"2026-04-23T05:22:29","modified_gmt":"2026-04-23T08:22:29","slug":"donaco-revenue-plummeted-76-4-in-fy22","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-revenue-plummeted-76-4-in-fy22","title":{"rendered":"Donaco revenue plummeted 76.4% in FY22"},"content":{"rendered":"\n

The company attributed the decline in revenue to the temporary closure of The Star Vegas casino between April 27 2021 and June 18 of this year.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Donaco International\u00a0has reported that revenue for the financial year to June 30 was down 76.4 per cent year-on-year from AU$10.32m to AU$2.44m.\u00a0The company\u2019s earnings before interest, taxation, depreciation and amortisation (EBITDA) was a negative AU$4.41m. <\/p>\n\n\n\n

Despite this, Donaco\u00a0repaid\u00a0its\u00a0full\u00a0loan\u00a0facility\u00a0with\u00a0its main\u00a0lender\u00a0Mega Bank. Donaco also reported a statutory net\u00a0loss\u00a0after tax of AU$16.49m related to a settlement of a non-competition dispute relating to Star Vegas.<\/p>\n\n\n\n

Donaco’s Star Vegas was closed from April 27 2021 following the order from the Cambodian local Government for the temporary closure of all casinos in the Banteay\u00a0Meanchay region. The casino reopened<\/a> on June 18, 2022. <\/p>\n\n\n\n

Due to this, the casino reported annual revenue down 89.5 per cent to AU$1.0m. Net gaming revenue amounted to AU$0.8m. It posted a negative EBITDA of AU$1.5m, versus a positive EBITDA of AU$4.2m in the prior year.<\/p>\n\n\n\n

The company stated: “Keeping costs down has remained Donaco’s priority<\/strong>, leading to a reduction in operational expenses by 51.0 per cent.”<\/p>\n\n\n\n

Meanwhile, Aristo Casino<\/a> in Vietnam, reported revenue of AU$1.5m, up 23.9 per cent when compared to the previous year and net gaming revenue of AU$1.2m. Donaco said the venue was affected by <\/strong>the ongoing closure of the border with China. Average daily visitations reduced by 7.7 per cent during the analysed period. Despite this, net revenue increased by 23.9 per cent to AU$1.5m. Aristo’s EBITDA loss narrowed to AU$0.2m, from AU$0.9m.<\/p>\n\n\n\n

The company said it expects an encouraging outlook for the fiscal year 2023 with Star Vegas progressively advancing towards full operational capabilities over the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company attributed the decline in revenue to the temporary closure of The Star Vegas casino between April 27 2021 and June 18 of this 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 reported a substantial 76.4% revenue decline for FY22, primarily driven by the prolonged government-mandated closure of its Star Vegas casino in Cambodia. Despite a statutory net loss of AU$16.49m, the company successfully repaid its Mega Bank loan facility and implemented significant operational cost reductions, with a cautiously optimistic outlook for FY23 as Star Vegas reopens.","focusai_entities":"Donaco International, Mega Bank, Star Vegas, Aristo Casino","focusai_location":"Australia, Cambodia, Banteay Meanchay, Vietnam, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Star Vegas Recovery Metrics","query":"What specific key performance indicators (KPIs) and market penetration strategies will Donaco International leverage to progressively restore Star Vegas's Net Gaming Revenue (NGR) and EBITDA to pre-closure levels in FY23, considering regional competitive dynamics?"},{"label":"Capital Structure Resilience","query":"Given the significant statutory net loss and negative EBITDA, what were the underlying liquidity mechanisms and balance sheet strengths that enabled Donaco International to fully repay its Mega Bank loan facility, and what are the implications for future capital allocation?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-33094","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\/33094","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=33094"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33094\/revisions"}],"predecessor-version":[{"id":33121,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33094\/revisions\/33121"}],"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=33094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}