Donaco EBITDA up 66% quarter-on-quarter as Cambodia, Vietnam casinos shine

Southeast Asian casino investor Donaco International Ltd reported group-wide revenue of AU$12.7 million (US$8.3 million) in the three months to 31 March 2024, representing a 30.1% increase over the December quarter on improved business volumes at its Cambodian and Vietnamese casinos.


EBITDA of AU$8.4 million (US$5.5 million) was also 65.8% higher than in the prior quarter.

Star Vegas, located in Poipet, Cambodia near the border with Thailand, was the primary contributor with net revenue of AU$8.8 million (US$5.7 million) – up 44.1% – and property-level EBITDA of AU$6.6 million (US$4.3 million), up 82.8%. Donaco said Star Vegas benefitted from a membership loyalty program implemented in January 2024.

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