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Donaco picks up steam as 2020 draws to a close

Donaco picks up steam as 2020 draws to a close
Donaco picks up steam as 2020 draws to a close
By
Getting a new CEO may have done Donaco International some good. Lee Bug Huy was given the position this past September and the casino operator has now moved into better times in the fourth quarter of the year. According to a filing with the Australian Securities Exchange (ASE) from today, Donaco has hit positive EBITDA (earnings before interest, taxes, depreciation and amortization) for October and November and expects the trend to continue through the end of the year.
Donaco’s casino efforts are primarily centered on the Asian market and it runs the Star Vegas Resort and Club in Cambodia and the Aristo International in Vietnam. The COVID-19 pandemic forced the Star Vegas to close this past April, only finally reopening at the beginning of September and, since beginning to welcome back gamblers is “no longer making a loss.” The company added in its filing that ....

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GGRAsia – Donaco back to positive EBITDA in Oct-Nov, upbeat on Dec

Donaco International Ltd, an operator of border casinos in Southeast Asia, says it has returned to positive earnings before interest, taxation, depreciation and amortisation (EBITDA) in October and November. The firm added in a Friday filing to the Australian Securities Exchange that the positive trend of “growing” EBITDA was “continuing into December”.
Donaco said it recorded group EBITDA of US$0.54 million in October, followed by US$0.8 million in November.
The firm said the negative impact of Covid-19 on its casino business had begun to “subside”.
Donaco operates two casino properties in Asia: Star Vegas Resort and Club (pictured), a casino resort on Cambodia’s border with Thailand; and Aristo International, in Lao Cai on Vietnam’s border with China. ....

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