{"id":777029675,"date":"2025-07-30T08:34:36","date_gmt":"2025-07-30T11:34:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777029675"},"modified":"2026-04-21T20:33:00","modified_gmt":"2026-04-21T23:33:00","slug":"donaco-reports-revenue-drop-in-its-star-vegas-operations-amid-thailand-cambodia-border-dispute","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-reports-revenue-drop-in-its-star-vegas-operations-amid-thailand-cambodia-border-dispute","title":{"rendered":"Donaco reports revenue drop at Star Vegas"},"content":{"rendered":"\n

Star Vegas’ net revenue fell by 31.4 per cent quarter-on-quarter.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Donaco International’s second-quarter financial results show the impact of restrictions at the Thailand-Cambodia border on its DNA Star Vegas casino<\/a> in Poipet. Net revenue fell by 31.4 per cent quarter-on-quarter from AU$6.28m (US$4.02m) to AU$4.31m (US$2.81m)<\/strong>, while Property-level EBITDA declined by 48.9 per cent to AU$1.78m (US$1.16m). Average daily visitation<\/strong> fell to 758 players, from 928 in the previous quarter.<\/p>\n\n\n\n

Donaco stressed that Star Vegas\u2019s operations remain reduced since its primary customers from Thailand are unable to cross the border. Since the border closure, the customer base has consisted of foreigners in Poipet, primarily expatriates and businesspeople from Indonesia, China and Korea.<\/p>\n\n\n\n

\"Cambodia's
Cambodia’s Star Vegas Casino.<\/figcaption><\/figure>\n\n\n\n

Donaco\u2019s Aristo International Hotel<\/strong> in northern Vietnam saw net revenue increase by 10.9 per cent to AU$4.16m (US$2.71m) and property-level EBITDA by 9.1 per cent to AU$2.52m (US$1.64m). Group-wide net revenue<\/strong> was down 15.6 per cent to AU$8.47m (US$5.52m) and EBITDA by 10.2 per cent to AU$3.68m (US$2.4m). <\/p>\n\n\n\n

Non-executive chairman, Porntat Amatavivadhana<\/strong>, commented:\u00a0 \u201cDonaco has seen a challenging operating environment in the June quarter, following changes in the legislative and political environment. Aristo has continued to perform in line with previous quarters, with stable revenue growth and improved EBITDA. Visitation numbers also slightly improved over the quarter, following an increase in tourism to the region.<\/p>\n\n\n\n

\u201cOn the other hand, Star Vegas has had a challenging quarter, following a border dispute between Thailand and Cambodia, which has significantly impacted its operations. The border dispute has resulted in reduced activities at Star Vegas, with its primary customer base unable to cross the border from Thailand. As the border dispute is ongoing and subject to rapid change, the short-term outlook for tourism in the region remains uncertain. However, we will continue to closely monitor the situation.\u201d<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Okada Manila GGR down 19.6% in Q2<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Star Vegas’ net revenue fell by 31.4 per cent quarter-on-quarter.<\/p>\n","protected":false},"author":226,"featured_media":777029681,"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 challenging Q2, with group-wide net revenue declining 15.6% and EBITDA down 10.2%. This was primarily driven by a 31.4% quarter-on-quarter fall in net revenue at its Star Vegas casino in Cambodia, severely impacted by ongoing Thailand-Cambodia border restrictions limiting its primary customer base. Conversely, its Aristo International Hotel in Vietnam demonstrated stable growth, with net revenue increasing by 10.9%.","focusai_entities":"Donaco International, DNA Star Vegas, Aristo International Hotel, Porntat Amatavivadhana, Okada Manila","focusai_location":"Cambodia, Thailand, Poipet, Vietnam, Indonesia, China, Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Border Impact Mitigation","query":"What specific contingency plans or market diversification strategies is Donaco International implementing to mitigate the ongoing revenue impact from the Thailand-Cambodia border dispute on Star Vegas?"},{"label":"Regional Market Outlook","query":"How does the current geopolitical instability in the Cambodia-Thailand border region influence Donaco's long-term investment and operational strategy for its Southeast Asian assets?"}],"footnotes":""},"categories":[163,16333],"tags":[24851,966,24850],"class_list":["post-777029675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-casino-operations","tag-donaco","tag-thailand-cambodia-border-restrictions"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029675","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777029675"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029675\/revisions"}],"predecessor-version":[{"id":777029698,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029675\/revisions\/777029698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777029681"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777029675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777029675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777029675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}