• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino op Donaco aims at half-yearly dividends: chairman

Oct 20, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


Casino op Donaco aims at half-yearly dividends: chairman

Australia-listed Asian casino operator Donaco International Ltd says it aims to offer regular half-yearly dividends to its investors. The news was given by its chairman, Stuart McGregor, in the firm’s 2017 annual report filed on Friday.

“We are pleased to announce our intention to move to regular six-monthly dividend payments, commencing with a dividend of AUD0.005 [US$ 0.0039] per share payable in October 2017,” said the chairman.

His commentary added that three other potential uses for the company’s capital were: “to support organic growth initiatives in our existing venues”; to “look for acquisitive growth opportunities in the region”; and to “apply surplus capital towards the buy-back of shares”.

Donaco reported its maiden dividend – for the 12 months to June 30, 2016 – in August that year.

The firm had announced on October 16 this year the implementation of an “on-market buy-back” for up to 41.5 million shares, to a maximum of 5 percent of its ordinary issued shares.

Donaco currently makes most of its gaming revenue by making use of Southeast Asia’s patchwork approach to casino legalisation. Its Vietnam venue Aristo International Hotel in Lao Cai, on Vietnam’s northern border with China, currently draws many players from the latter nation, where casino gambling is illegal except in Macau, a Chinese special administrative region.

Donaco’s main Cambodian venue, Star Vegas Resort and Club (pictured), in Poipet, draws many customers from neighbouring Thailand, where casinos are also banned. In both Vietnam and Cambodia, locals are currently barred from casino gambling.

For the 12 months to June 30, Donaco reported net profit after tax down nearly 60 percent year-on-year.

The firm said some of the tougher trading conditions related to the year-long official period of mourning in Thailand following the death of King Bhumibol Adulyadej in October 2016, which had depressed demand from Thai players.

Mr McGregor noted: “As chairman of the group it was pleasing to see the share price recover to be up 40 percent over the financial year, despite the challenging economic conditions in Thailand, and we believe that by delivering strong financial management and earnings growth, shareholders will continue to be rewarded in future years.”

Joey Lim Keong Yew, Donaco’s managing director and chief executive, said in his commentary in the annual report: “We anticipate that the business will gain momentum in financial year 2018, with activity at Star Vegas expected to recover to normal levels following the first quarter.”


  • tweet
Related articles
  • Vietnam’s Hoiana says has several partners to bring biz
    Vietnam’s Hoiana says has several...

    Mar 22, 2023  

  • Let’s Win hosts grand opening for club at Hoiana in Vietnam
    Let’s Win hosts grand opening for...

    Mar 20, 2023  

More news
  • SOFTSWISS says it saved ops US$17mln via anti-fraud efforts
    SOFTSWISS says it saved ops US$17mln...

    Mar 24, 2023  

  • Spring launch for Pragmatic Play ‘Rabbit Garden’ slot
    Spring launch for Pragmatic Play...

    Mar 24, 2023  


Latest News

SOFTSWISS says it saved ops US$17mln via anti-fraud efforts

SOFTSWISS says it saved ops US$17mln via anti-fraud efforts

Mar 24, 2023  

Gaming software provider SOFTSWISS says the group’s Anti-Fraud team, part of its Managed Services division, reported its “best performance ever” in 2022. The firm’s experts in that field...
Read More
Spring launch for Pragmatic Play ‘Rabbit Garden’ slot

Spring launch for Pragmatic Play ‘Rabbit Garden’ slot

Mar 24, 2023  

Universal Ent affiliate to develop land next to Okada Manila

Universal Ent affiliate to develop land next to Okada

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’sCasino op SJM 2024 EBITDA to hit US$510mln: Moody’s March 22, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us