Border casino op Donaco posts positive quarterly EBITDA

Donaco International Ltd, an operator of border casinos in Southeast Asia, confirmed in a Friday filing that the quarter ending December 31 had seen the company return to positive earnings before interest, taxation, depreciation and amortisation (EBITDA), mainly driven by results from its Cambodia resort.

Star Vegas Resort and Club (pictured in a file photo) in Poipet, near Cambodia’s border with Thailand, a country where casino gambling is prohibited, generated positive EBITDA amounting to AUD3.70 million (US$2.83 million) in the period, Donaco told the Australian Securities Exchange.

That figure was offset by AUD0.13 million in negative EBITDA for the group’s Aristo International Hotel and its associated casino, in Lao Cai on Vietnam’s border with China.

In full: https://www.ggrasia.com/border-casino-op-donaco-posts-positive-quarterly-ebitda/

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