Donaco EBITDA more than doubles in 3Q23 on return of tourists to Cambodia, Vietnam casinos

ASX-listed Southeast Asian casino operator Donaco International Ltd saw its EBITDA more than double sequentially in the September 2023 quarter, buoyed by the return of international tourists to its casinos in Cambodia and Vietnam


EBITDA of AU$5.73 million (US$3.65 million), up from AU$2.40 million (US$1.53 million) in 2Q23 on a 40.7% quarter-on-quarter increase in net revenue to AU$9.71 million (US$6.19 million).

This included revenue of AU$7.24 million (US$4.61 million) from Star Vegas in Poipet, Cambodia, where the company managed to record a VIP win rate of 3.87% on VIP turnover of AU$41.8 million (US$26.6 million). Star Vegas had booked losses in the VIP segment in recent quarters.

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