Donaco International Ltd. reported a slight increase in net sales for the quarter ending on December 31, reaching AUD9.73 million (US$6.44 million) compared to AUD9.71 million in the preceding September quarter.
Donaco International Ltd. oversees operations at both the DNA Star Vegas resort in Poipet, Cambodia-Thailand, and the Aristo International Hotel in Lao Cai, China-Vietnam.
Conversely, the group’s property-level Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) experienced a sequential decrease of 7.6 percent, reaching AUD5.85 million in the December quarter, as per documents filed with the Australian Securities Exchange on Tuesday.
The VIP gaming segment witnessed a notable decline in rolling chip turnover, dropping to AUD325.15 million in the three months concluding on December 31, compared to the previous quarter.
Despite these challenges, the statistics for the December quarter showcased a substantial improvement over the same period in 2022 when the Covid-19 pandemic significantly impacted operations.
Donaco’s non-executive chairman, Porntat Amatavivadhana, underscored the effectiveness of the Cambodian government’s tourism promotion efforts. He cited an increase in Thai tourists visiting DNA Star Vegas in the last three months.
However, due to reduced visitors, Donaco experienced a 15.5 percent sequential decrease in net revenue, amounting to AUD6.12 million at its Cambodia property in the December quarter. Additionally, the property’s EBITDA declined by 29
Original story by: GGRAsia
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