Growth and Improvement For Donaco International

Donaco International has emerged as a key player in both Cambodia and Vietnam. With a focus on casino operations, the company has witnessed a significant improvement in its financial performance, as demonstrated by its recent quarterly results. In this article, we will delve into the details of Donaco International’s impressive growth, highlighting the factors that have contributed to its success.

Donaco International has reported revenue of AU$9.71 million ($6.1 million) for the third quarter of this year, reflecting a remarkable increase of 53 percent compared to the previous year. This growth can be attributed to the company’s positive EBITDA of AU$5.7 million ($3.6 million), more than double the operating results in the same period last year. These figures indicate a significant improvement in Donaco International’s financial performance and highlight the effectiveness of the company’s turnaround strategy and operational execution.

Donaco International operates two casinos, DNA Star Vegas in Cambodia and Aristo International Hotel in Vietnam. Both properties have played a crucial role in driving the company’s growth and success

DNA Star Vegas, located in Cambodia, has continued to perform strongly in the third quarter of this year. The property recorded net revenue of A$7.24 million ($4.6 million) and property level EBITDA of A$5.11 million ($3.2 million), nearly three times the previous quarter’s results. This remarkable growth can be attributed to an increase in international tourism and improved visitation following the reopening of China’s borders. The tourism industry’s gradual recovery and sustained support from the Cambodian and Thai governments have contributed to the continued growth of DNA Star Vegas.

The Aristo International Hotel, situated near the China-Vietnam border, has also made significant contributions to Donaco International’s growth. The property recorded revenue of A$2.48 million ($1.5 million) and property level EBITDA of A$1.22 million ($778,316) in the third quarter of this year. While these figures may be slightly lower than DNA Star Vegas, the Aristo International Hotel remains an essential part of Donaco International’s portfolio. The property’s strategic location and its proximity to Chinese tourists position it for future growth and success.

Several factors have played a crucial role in driving Donaco International’s growth and improving its financial performance. Let’s explore these factors in more detail:

The gradual recovery of the tourism industry, particularly in Cambodia and Vietnam, has significantly contributed to Donaco International’s growth. With China lifting its border restrictions with Vietnam, international tourism has witnessed an increase, leading to improved visitation at the company’s casinos. Moreover, the Cambodian and Thai governments’ sustained support to the tourism industry has further boosted visitor numbers, benefiting DNA Star Vegas.

DNA Star Vegas has emerged as a strong performer, contributing significantly to Donaco International’s growth. The property’s success can be attributed to an increase in international tourism and the reopening of China’s borders. With an impressive net revenue of A$7.24 million ($4.6 million) and property level EBITDA of A$5.11 million ($3.2 million) in the third quarter, DNA Star Vegas has demonstrated its ability to attract visitors and generate substantial revenue.

Donaco International’s positive financial performance in the third quarter of this year has set the stage for a promising future. The increase in travel from China to Vietnam provides an optimistic outlook for the company as it enters the 2024 financial year. Additionally, the recently launched tourism campaign by the Cambodian Government, aimed at attracting Thai visitors, is expected to significantly increase tourism in the region and benefit DNA Star Vegas. The ongoing construction of the Sapa airport in Lao Cai, the region where the Aristo International Hotel is located, is also expected to unlock substantial economic potential for Donaco International.