66% EBITDA jump for Donaco

Financial results for Donaco International for the quarter ending March 31, 2024, recorded growth in all operations with a 66 per cent year-on-year rise in EBITDA to A$8.39m.

Group net revenue reached A$12.66m, and a strong cash position of A$28.99m as of March 31.

Donaco’s Non-Executive Chairman, Mr Porntat Amatavivadhana, commented: “Donaco’s operational execution and increase in quality player visitation fueled strong growth in our business in the March Quarter.

“Star Vegas continued to outperform, delivering considerable growth across property-level EBITDA and net revenue. The operation also saw an improvement in daily visitation and a reduction in operating expenses, which is a testament to our turnaround strategy.

“The Cambodian Government’s successful tourism campaign resulted in improved visitation numbers at Star Vegas. Similar positive results were seen in Vietnam, with our Aristo operation reporting consistent visitation in line with the December Quarter. Meanwhile, Aristo maintained stable financial metrics and moderate improvements across revenue, property level EBITDA and operating expenses, highlighting the asset’s operational efficiency.

“Looking ahead, we are confident in Donaco’s ability to deliver continued solid results, based on our focus on operational efficiencies and the positive tourism trends in the region.”