{"id":5396,"date":"2020-04-08T01:24:09","date_gmt":"2020-04-08T01:24:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5396"},"modified":"2026-04-24T06:19:20","modified_gmt":"2026-04-24T09:19:20","slug":"donaco-cash-reserves","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-cash-reserves","title":{"rendered":"Donaco ‘confident’ in cash reserves for 2020"},"content":{"rendered":"\n

Operator has cash reserves in excess of $11million and is confident it can weather the Covid-19 storm. <\/p>\n\n\n\n\n\n\n\n

Vietnam.- Casino operator Donaco<\/em><\/strong> said it was ‘confident’ that its cash reserves will see its venues in Southeast Asia through until the end of 2020 and beyond.<\/p>\n\n\n\n

Donaco revealed in a business update on Tuesday that despite closures of its casinos in Vietnam and Cambodia due to the global Coronavirus pandemic, it has enough cash on hand to survive for more than a year. <\/p>\n\n\n\n

According to reports from earlier this week<\/em><\/a><\/strong>, the company estimates that it has a monthly cash burn of up to US$900,000, which includes the cost of maintaining casino assets and covering associated corporate costs.<\/p>\n\n\n\n

The firm reports that it currently has a cash balance of US$11.6million, so unless no unexpected costs inflate its published figures, its estimations are correct.<\/p>\n\n\n\n

An extract from the statement said: “The temporary action follows the Cambodian Government\u2019s announcement mandating the closure of all casinos from 1 April 2020, alongside the Vietnam Government\u2019s measures to temporarily close all casinos for a period of 15 days from 1 April 2020.”<\/p>\n\n\n\n

“As the temporary shutdown of the casinos will have a material impact on Donaco\u2019s operations, the Company is undertaking a range of measures to cut costs to ensure the Company\u2019s sustainability
into the future.<\/p>\n\n\n\n

“As a result, Donaco has had to take difficult, but unavoidable, measures in relation to its staff, including reductions in headcount, placing employees on leave, standing down casual staff and deferring non-essential expenditure.”<\/p>\n\n\n\n

It also added that tit has no reported cases of Coronavirus within any of its operations.<\/p>\n\n\n\n

“During the last few months, the Company took proactive measures to ensure the safety of its people and is pleased to advise of no reported incidences of COVID-19 amongst staff.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Operator has cash reserves in excess of $11million and is confident it can weather the Covid-19 storm.<\/p>\n","protected":false},"author":2,"featured_media":0,"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, a casino operator with venues in Vietnam and Cambodia, has announced a cash reserve of US$11.6 million, sufficient to cover its estimated US$900,000 monthly cash burn through 2020 and beyond, despite government-mandated casino closures due to COVID-19. The company is implementing significant cost-cutting measures, including staff reductions, to ensure operational sustainability.","focusai_entities":"Donaco","focusai_location":"Vietnam, Cambodia, Southeast Asia","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":"Liquidity Runway Analysis","query":"Given the current cash burn rate and reserves, what is Donaco's projected liquidity runway if casino closures extend beyond Q4 2020, and what additional capital market strategies are being considered?"},{"label":"Regional Recovery Outlook","query":"How do Donaco's operational recovery projections for Vietnam and Cambodia compare to broader Southeast Asian gaming market forecasts, particularly concerning GGR rebound and regulatory reopening timelines?"}],"footnotes":""},"categories":[160,157,28,16333],"tags":[12436,7299,966,12600],"class_list":["post-5396","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-casino-news","category-south-east-asia-news","tag-casinos","tag-coronavirus","tag-donaco","tag-focus-gaming-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5396","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5396"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5396\/revisions"}],"predecessor-version":[{"id":777010330,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5396\/revisions\/777010330"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}