Donaco says it repaid US$100mln loan to Mega Bank
Jan 06, 2022

Donaco International Ltd, an operator of several border casinos in Southeast Asia, says it has completed the settlement of a US$100-million loan facility with its main lender Mega International Commercial Bank Co Ltd. “The loan facility was settled on 30 December 2021 as per schedule,” said the casino firm in a Wednesday filing to the Australian Securities Exchange.

“Donaco is pleased to confirm that there is no more outstanding loan balance owed to its lender Mega Bank,” it stated.

In July, Donaco said it had gained approval from Mega Bank to reschedule repayment of the outstanding money it owned the institution, with the repayment being done via six monthly instalments between June and December.

“The final instalment of US$1.8 million was paid in December 2021,” stated the company.

Donaco said it “continues to preserve a robust balance sheet,” and “maintain prudent cost control” as it waits for the Covid-19 pandemic “to ameliorate in Vietnam and Cambodia”.

Star Vegas Resort and Club (pictured in a file photo), Donaco’s flagship casino resort in Poipet, on Cambodia’s border with Thailand, has been closed since April, due to the Covid-19 pandemic. Donaco said it had reduced the operating expenses of that property by a third in the three months to September 30, compared to the prior-year quarter.
https://www.ggrasia.com/donaco-says-it- ... mega-bank/

Donaco recovery in the next year says CEO
September 29, 2022
by Asia Gaming Brief
Donaco International's CEO, Lee Bug Huy, is banking on the reopening of the Cambodia-Thailand land borders to fuel the company’s gradual recovery in the next financial year.

Covid-19 disruption severely impacted Donaco’s balance sheet for the fiscal 2022, with its Star Vegas and Aristo casinos having catalysed the process due to force majeure closures.

“With the reopening of the Cambodia-Thailand land borders in May 2022, we expect that Star Vegas’ performance will gradually recover in the next financial year,” Huy noted in the company’s 2022 annual report submitted to the Australian Stock Exchange.
https://www.intergameonline.com/casino/ ... r-says-ceo

Full reopening of Cambodian casino Star Vegas drives Donaco to US$1.3 million in Q4
Wed 1 Feb 2023 at 04:32
Southeast Asian casino operator Donaco International Limited has reported group-wide EBITDA of AU$1.8 million (US$1.3 million) for the three months to 31 December 2022, boosted by the return to full capacity of Star Vegas in Poipet, Cambodia.

The December result was improved from EBITDA of AU$1.5 million (US$1.06 million) in 3Q22 and reversed an AU$1.24 million (US$874,000) loss during the same period in 2021. Group-wide revenue in Q4 reached AU$5.3 million (US$3.7 million), up from AU$4.5 million (US$3.2 million) in Q3 and from AU$380,000 (US$268,000) in 4Q21.
https://www.asgam.com/index.php/2023/02 ... q4-ebitda/