{"id":777007803,"date":"2023-08-01T06:36:42","date_gmt":"2023-08-01T09:36:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007803"},"modified":"2026-04-22T19:28:07","modified_gmt":"2026-04-22T22:28:07","slug":"donaco-posts-net-revenue-of-us4-628m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-net-revenue-of-us4-628m-for-q2","title":{"rendered":"Donaco posts net revenue of US$4.628m for Q2"},"content":{"rendered":"\n<p>The company has reported EBITDA of AU$2.40m (US$1.61m) for the second quarter.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-<strong>\u00a0Donaco International\u00a0<\/strong>has shared its financial results for the second quarter of the year. It&#8217;s reported that net revenue declined from AU$7.6m (US$5.1m) to AU$6.9m (US$4.62m)\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-net-revenue-of-us4-98m-for-q1\" target=\"_blank\">in quarter-on-quarter terms<\/a>.<\/p>\n\n\n\n<p>Donaco\u2019s earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased from AU$4.1m (US$2.75m) to AU$2.4m (US$1.61m). However, the company noted a sustained improvement since the June 2022 quarter, when Donaco&#8217;s EBITDA was negative AU$0.8m with revenue of AU$1.1m due to limited activity amid Covid-19 restrictions.\u00a0<\/p>\n\n\n\n<p>DNA Star Vegas in Cambodia produced net revenue of AU$4.37m (US$2.93m) for the second quarter and EBITDA of AU$1.81m (US$1.23m). Donaco said this &#8220;was impacted by an anomalous VIP win rate and non-recurring audit adjustments. This in conjunction with a renewed focus on maximising operational efficiencies.&#8221;<\/p>\n\n\n\n<p>Meanwhile, revenue from\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/donaco-ceo-confident-about-long-term-outlook-for-aristo-hotel-in-vietnam\" target=\"_blank\">Aristo Casino<\/a>\u00a0in Vietnam rose from AU$1.26m (US$840,000) to AU$2.51m (US$1.68m) in quarter-on-quarter terms. The property\u2019s EBITDA rose to AU$1.31m.<\/p>\n\n\n\n<p>The casino operator said that as of May 2023, China has been Vietnam\u2019s fastest-growing tourism market but that numbers still remain below pre-Covid-19 levels.<\/p>\n\n\n\n<p>Donaco\u2019s non-executive chairman,&nbsp;<strong>Porntat Amatavivadhana<\/strong>, said: \u201cThe June quarter marked an important step for Donaco as we reach a return to full-scale operations.&nbsp;<\/p>\n\n\n\n<p>\u201cPleasingly, the outlook for our business remains promising. Travel inflows from China to Vietnam are expected to continue to ramp up and the Cambodian government recently launched a major tourism campaign to attract Thai visitors, which is highly encouraging for our Star Vegas casino.&nbsp;<\/p>\n\n\n\n<p>\u201cBacked by a healthy balance sheet and a clear line of sight towards enhanced operational efficiencies, we are well placed to capitalise on the emerging opportunities ahead and deliver long-term value for our shareholders.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has reported EBITDA of AU$2.40m (US$1.61m) for the second 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 Q2 EBITDA of AU$2.40m and net revenue of AU$6.9m, reflecting a quarter-on-quarter decline primarily due to an anomalous VIP win rate and non-recurring audit adjustments at DNA Star Vegas. Despite this, the company highlights sustained operational improvement since mid-2022, bolstered by significant revenue growth at Aristo Casino in Vietnam. Management expresses optimism for continued recovery, driven by increasing tourism inflows from China to Vietnam and a new Cambodian tourism campaign targeting Thai visitors.","focusai_entities":"Donaco International, Porntat Amatavivadhana, DNA Star Vegas, Aristo Casino","focusai_location":"Australia, Cambodia, Vietnam, China, Thailand","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 Operational Outlook","query":"Given the Q2 EBITDA decline attributed to an anomalous VIP win rate and audit adjustments, what specific operational efficiency initiatives are being implemented to mitigate future volatility and enhance NGR in Q3 and beyond?"},{"label":"Regional Tourism Impact","query":"How are the anticipated increases in Chinese tourism to Vietnam and Thai visitors to Cambodia specifically factored into Donaco's GGR projections, and what contingency plans are in place if these tourism inflows do not meet expectations?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-777007803","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\/777007803","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=777007803"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007803\/revisions"}],"predecessor-version":[{"id":777007826,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007803\/revisions\/777007826"}],"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=777007803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}