Donaco Q2 revenue hit hard by covid-19 lockdowns

Donaco’s second-quarter revenue and EBITDA were heavily impacted by a forced temporary closure of its Star Vegas property due to covid-19 lockdowns, with revenue falling 46.4 percent compared to the prior-year period. 

Donaco said that an emphasis has been kept on continued cost control measures and mitigation activities - allowing them to reduce operating expenses to A$1.3 million. 

The company recorded a negative EBITDA of A$500,000. 

“Following the order from the Cambodian local government for the closure of casinos in the region… we have continued to focus on protecting our balance sheet, and we’ve taken rigorous measures to protect the business by keeping our costs down and preserving our cash.”

Donaco said that its Aristo business in Vietnam, continues to operate on a limited basis.