Porntat Amatavivadhana<\/strong>, said: \u201cThe December Quarter for Donaco represented a period of stringent financial management as the Company continues to report robust financial and visitation numbers. <\/p>\n\n\n\n“Aristo outperformed expectations, resulting in considerable net revenue and property level EBITDA growth, and high levels of tourism coming back to the region following the reopening of borders between China and Vietnam. <\/p>\n\n\n\n
“The tourism campaign recently launched by the Cambodian Government has also been successful, leading to increased visitation from Thailand over the past three months. <\/p>\n\n\n\n
“After a promising first half of FY2024, I am optimistic about the remainder of the financial year as our operations continue to strengthen over the coming months. I am confident that Donaco will continue to leverage the rise in tourism to the region, and that our turnaround strategy will deliver solid results.”<\/p>\n\n\n\n
The company said Aristo is expected to benefit from increased tourism in 2025 following\u00a0the opening of the Sapa airport in Lao Cai<\/strong>, located near the Aristo operation.<\/p>\n\n\n\nIt added: “Once opened, the airport is projected to increase visitation to the region by up to 1.5 million passengers annually, providing an influx of tourism. The major tourism campaign launched by the Cambodian Government has positively impacted operations at Star Vegas, with stable visitation numbers over the quarter.”\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The company has reported an EBITDA of AU$5.06m (US$3.34m) for the three months to December 31.<\/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 Q4 2023 net revenue growth to AU$9.73m, with EBITDA declining quarter-on-quarter but significantly up year-on-year. The Aristo International Hotel in Vietnam saw strong performance driven by increased tourism from China, while DNA Star Vegas in Cambodia experienced lower visitation despite government tourism initiatives. The company anticipates further growth from regional tourism campaigns and new infrastructure like the Sapa airport.","focusai_entities":"Donaco International, Porntat Amatavivadhana, Aristo International Hotel, DNA Star Vegas","focusai_location":"Australia, Vietnam, Cambodia, China, Thailand, Lao Cai","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Star Vegas Turnaround?","query":"Given the Q4 visitation decline at DNA Star Vegas, what specific operational and marketing strategies are being implemented to reverse this trend and align its performance with the positive trajectory of Aristo International Hotel?"},{"label":"Sapa Airport GGR Impact?","query":"What is the projected incremental Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) contribution expected from the Sapa airport opening in 2025 for Aristo International Hotel, and what associated capital expenditures are anticipated?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-777012741","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\/777012741","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=777012741"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012741\/revisions"}],"predecessor-version":[{"id":777012766,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012741\/revisions\/777012766"}],"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=777012741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}