{"id":777017625,"date":"2024-07-29T09:14:24","date_gmt":"2024-07-29T12:14:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017625"},"modified":"2026-04-22T07:44:47","modified_gmt":"2026-04-22T10:44:47","slug":"donaco-posts-net-revenue-of-us7-08m-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-net-revenue-of-us7-08m-for-q4","title":{"rendered":"Donaco posts net revenue of US$7.08m for Q4"},"content":{"rendered":"\n

Net revenue was up 57 per cent year-on-year but down 15 per cent sequentially.<\/p>\n\n\n\n\n\n\n\n

Australia.- Donaco International\u00a0<\/strong>has shared its financial results for the second quarter of the year. It\u2019s reported that net revenue was AU$10.8m (US$7.08m), down 15 per cent\u00a0in quarter-on-quarter terms<\/a> but up 57 per cent year-on-year. <\/p>\n\n\n\n

Earnings before interest, taxes, depreciation and amortisation (EBITDA) was AU$6.34m (US$4.15m), up 164 per cent compared to the same quarter of 2023. The casino operator noted an increased average daily visitation across both of its operations following visitor retention and government tourism campaigns.<\/p>\n\n\n\n

DNA Star Vegas in Cambodia produced net revenue of AU$6.84m (US$4.45m) and EBITDA of AU$4.65m (US$3.02m).\u00a0The company said average daily visits reached 1,019, compared to 872 in Q1. It attributed this growth to its membership loyalty programme, which began in January.<\/p>\n\n\n\n

Revenue from\u00a0Aristo Casino<\/a> in Vietnam rose from AU$3.84m (US$2.5m) to AU$3.97m (US$2.58m) in quarter-on-quarter terms. The property\u2019s EBITDA declined to AU$2.47m (US$1.60m). Average daily visitation increased from 246 to 291 players sequentially.<\/p>\n\n\n\n

Donaco\u2019s non-executive chairman, Porntat Amatavivadhana<\/strong>, said: “Donaco has consistently reported robust financial and visitation numbers following stable quarters across our operations. In this period we\u2019ve stabilised our operations and focus on providing a high-quality experience to our customers. This is evidenced by the improving average daily visitation across both Star Vegas and Aristo.<\/p>\n\n\n\n

“Star Vegas recorded stabilised property-level EBITDA and net revenue figures. A higher-than-usual VIP Win Rate impacted Star Vegas; however, our turnaround strategy minimised operating expenses through a period of stronger visitation.<\/p>\n\n\n\n

“Meanwhile, Aristo reported high visitation levels in line with the March Quarter and an increase in net revenue over the period. A minor surge in operating expenses impacted Aristo and, unfortunately, affected the operation’s property-level EBITDA. However, we are confident in Aristo\u2019s long-term potential, in light of the opening of the new Sapa airport in 2025.”<\/p>\n\n\n\n

On 28 March 2024, the Thailand government voted in favour of a study by a panel of lawmakers to allow casinos to operate within large entertainment complexes in the country<\/a>. The study will be submitted to the cabinet for a decision on the suitability of legalising casinos in Thailand<\/strong>. <\/p>\n\n\n\n

Donaco said: “The legalisation of casinos in the country may impact Donaco\u2019s Star Vegas operations and cross-border tourism in the region. Donaco is assessing the possible effects this development could have on the business.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Net revenue was up 57 per cent year-on-year but down 15 per cent sequentially.<\/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 net revenue of AU$10.8m, a 57% year-on-year increase but a 15% sequential decline, with EBITDA up 164% YoY. The casino operator noted increased average daily visitation across its Cambodian and Vietnamese properties, driven by loyalty programs and tourism campaigns. Donaco is also assessing the potential impact of Thailand's proposed casino legalisation on its Star Vegas operations.","focusai_entities":"Donaco International, DNA Star Vegas, Aristo Casino, Porntat Amatavivadhana","focusai_location":"Australia, Cambodia, Vietnam, Thailand, Sapa","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), marketing_crm (0.75), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Thailand Casino Impact","query":"What specific mitigation strategies is Donaco International considering to offset potential competitive pressures on Star Vegas if Thailand legalizes integrated resorts, and what is the projected timeline for these assessments?"},{"label":"Aristo EBITDA Analysis","query":"Can Donaco International provide a detailed breakdown of the operating expense categories that contributed to Aristo Casino's EBITDA decline, and what specific cost-control measures are being implemented to restore margin growth?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-777017625","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\/777017625","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=777017625"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017625\/revisions"}],"predecessor-version":[{"id":777017646,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017625\/revisions\/777017646"}],"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=777017625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}