{"id":777008874,"date":"2023-09-01T06:37:43","date_gmt":"2023-09-01T09:37:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008874"},"modified":"2026-04-22T18:29:12","modified_gmt":"2026-04-22T21:29:12","slug":"donaco-full-year-revenue-rises-897","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-full-year-revenue-rises-897","title":{"rendered":"Donaco full-year revenue rises 897%"},"content":{"rendered":"\n

The company posted revenue of AU$24.33m (US$15.8m) for the financial year to June 30.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Donaco International<\/strong>\u00a0has reported that revenue for the fiscal year 2023 was AU$24.33m (US$15.8m),\u00a0up 897 per cent year-on-year<\/a>. The company\u2019s earnings before interest, taxation, depreciation and amortisation (EBITDA) was a positive AU$9.61m (US$6.2m).<\/p>\n\n\n\n

The second half of the fiscal year saw a turnaround, with improved revenue at DNA Star Vegas and Aristo International Hotel. After a period of limited activity due to the Covid-19 pandemic, both operations gradually resumed regular operations.<\/p>\n\n\n\n

Star Vegas, which reopened<\/a>\u00a0on June 18, 2022, delivered net revenue of AU$19.92m (US$12.9m)\u00a0<\/strong>and EBITDA of AU$10.82m (US$7m). The Aristo International Hotel in Vietnam delivered revenue of AU$4.4m (US$2.9m)<\/strong> and EBITDA of AU$1.53m (US$1m)..<\/p>\n\n\n\n

The company recorded a non-cash impairment charge of AU$22.2m for the Aristo Hotel and a AU$4.5m impairment for Star Vegas.<\/p>\n\n\n\n

Donaco\u2019s non-executive chairman, Porntat Amatavivadhana<\/strong>, commented: \u201cFY23 was a turnaround year for Donaco as we came out from the effects of the pandemic. I am proud of our management team and the whole staff for navigating through the year. Now that both Star Vegas and Aristo are returning to full-scale operations, our outlook is promising, and we\u2019re targeting future earnings growth. <\/p>\n\n\n\n

\u201cThe travel flows between the Thailand\/Cambodia and Vietnam\/China borders are expected to continue to ramp-up and benefit our operations. Backed by a healthy balance sheet and solid strategy, we are well placed to capitalise on the emerging opportunities ahead and deliver sustainable growth for our shareholders.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The company posted revenue of AU$24.33m (US$15.8m) for the financial year to June 30.<\/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 significant financial turnaround for FY23, with revenue surging 897% year-on-year to AU$24.33m and achieving positive EBITDA of AU$9.61m. This recovery was primarily driven by the post-pandemic resumption of full-scale operations at its Star Vegas property in Cambodia and the Aristo International Hotel in Vietnam. The company anticipates sustained earnings growth, leveraging improving cross-border travel flows and a robust balance sheet to capitalize on emerging opportunities.","focusai_entities":"Donaco International, Porntat Amatavivadhana, DNA Star Vegas, Aristo International Hotel","focusai_location":"Australia, Cambodia, Vietnam, Thailand, China","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Post-Pandemic Growth Drivers","query":"What specific operational efficiencies or market shifts are Donaco International leveraging to sustain its post-pandemic revenue and EBITDA growth beyond the initial recovery phase, particularly concerning GGR and NGR contributions from its gaming verticals?"},{"label":"Capital Allocation Strategy","query":"Given the reported non-cash impairment charges for both properties, how does Donaco International plan to optimize its capital allocation and asset utilization to enhance shareholder value and mitigate future write-downs within its governance frameworks?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-777008874","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\/777008874","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=777008874"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008874\/revisions"}],"predecessor-version":[{"id":777008891,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008874\/revisions\/777008891"}],"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=777008874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}