{"id":777025864,"date":"2025-04-29T09:07:43","date_gmt":"2025-04-29T12:07:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025864"},"modified":"2026-04-21T23:28:37","modified_gmt":"2026-04-22T02:28:37","slug":"donaco-posts-decline-in-net-revenue-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-decline-in-net-revenue-for-q3","title":{"rendered":"Donaco posts decline in net revenue for Q3"},"content":{"rendered":"\n

The company has reported net revenue of AU$10.03m.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Donaco International\u00a0<\/strong>has shared its financial results for the three months to March 31. It\u2019s reported that net revenue declined 10 per cent quarter-on-quarter<\/a> to AU$10.03m (US$6.4m). Earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped from AU$5.7m to AU$4.1m (US$2.6m) while Property level EBITDA was AU$3.4m (US$2.1m).<\/p>\n\n\n\n

DNA Star Vegas\u00a0<\/strong>in Cambodia saw net revenue of AU$6.2m (US$4m), down 12.4 per cent from the previous quarter and 28.7 per cent in year-on-year terms. Property-level EBITDA was AU$3.4m (US$2.24m). Average daily visitation 928.<\/p>\n\n\n\n

Revenue from\u00a0Aristo Casino<\/strong> in Vietnam grew by 0.54 per cent to AU$3.75m (US$2.4m). The property’s EBITDA was AU$2.3m (US$1.5m), flat sequentially. Average daily visitation increased to 336.<\/p>\n\n\n\n

Donaco’s non-executive chairman, Porntat Amatavivadhana<\/strong>, said: “Despite continuing to report robust visitation numbers and applying stringent financial management, the operating environment proved challenging in the March quarter.<\/p>\n\n\n\n

“Aristo continued to perform steadily during the quarter, reporting revenue growth and stable EBITDA. We also continued to see visitation numbers grow with higher levels of tourism in the region following reduced border restrictions and government tourism campaigns.<\/p>\n\n\n\n

“However, we continue to diligently monitor the Thai government’s proposed Draft Entertainment Complex Business Act and evaluate its potential implications for our Star Vegas operations.<\/p>\n\n\n\n

“During the quarter, Donaco entered into a Scheme Implementation Deed with On Nut Road Limited for On Nut Road Limited\u2019s proposed acquisition of the shares in Donaco that it does not already own. The Board has carefully considered the merits of the Scheme, and we believe On Nut Road Limited\u2019s offer provides compelling value to Donaco shareholders, representing a 54.10 per cent premium to the 90-day volume-weighted average share price.<\/p>\n\n\n\n

“The Board continues to unanimously recommend that Donaco shareholders vote in favour of the Scheme at the Scheme Meeting in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of Donaco shareholders.”<\/p>\n\n\n\n

Donaco said it has been monitoring the development of\u00a0casino legislation in Thailand<\/a>. It said that while there is no immediate effect on Donaco\u2019s financials, the potential legalisation of casinos in Thailand could have implications on Star Vegas\u2019 operations and cross-border tourism in the region, increasing direct competition in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has reported net revenue of AU$10.03m.<\/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 10% QoQ decline in net revenue to AU$10.03m and a significant EBITDA drop, primarily driven by its Cambodian operations, while its Vietnamese property showed slight growth. Concurrently, the company is navigating a proposed acquisition by On Nut Road Limited and closely monitoring potential regulatory changes in Thailand that could impact its regional competitive landscape.","focusai_entities":"Donaco International, On Nut Road Limited, Porntat Amatavivadhana, DNA Star Vegas, Aristo Casino","focusai_location":"Australia, Cambodia, Vietnam, Thailand","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"M&A Deal Rationale?","query":"What are the specific strategic synergies or market positioning advantages On Nut Road Limited anticipates from acquiring the remaining shares of Donaco International, beyond the stated premium?"},{"label":"Thailand Regulatory Impact?","query":"How has Donaco International quantitatively assessed the potential GGR and NGR impact on Star Vegas operations and cross-border tourism if Thailand legalizes integrated resorts, and what mitigation strategies are being developed?"}],"footnotes":""},"categories":[16336,163],"tags":[29,1897,225],"class_list":["post-777025864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-casino","tag-igaming","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025864","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=777025864"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025864\/revisions"}],"predecessor-version":[{"id":777025896,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025864\/revisions\/777025896"}],"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=777025864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}