I have put together if you are interested a run down on the companies business, and if you are a investor it is worth a read, and I must stress this is not investment advice.
Donaco has the Lao Cai international hotel Casino which abuts the Chinese border of Yunnan Province with Nth - Vietnam, and the Yunnan Province has a population of 46 Million People, the existing Casino has 34 Rooms and has 8 Gaming tables and Poker machines.
Donaco presently are having a 5 STAR Casino Resort constructed with 428 Rooms and have the nod from the Vietnamese Gov, that they will be allowed 50 Gaming Tables, they have capacity for 300 Poker machines, of which 150 are slot, the others electronic, and I forgot to mention the current Casino has a licence for only 8 Gaming tables.
The new Casino will have a soft opening in March 2014 with 200 rooms AND 26 Tables operating, the Casino will be fully operable by July 2014.
Gamblers are sourced through Junket Operators, Gamblers are booked into the resort at the junket Operators expense, in exchange for a commission of the casinos winnings, these gamblers must have a minimum A$100,000 to be booked in, I mean on them, they currently use a roster system for the junket operators.
Size of betting allowed.
Min bets on Baccarat & Sic Bo, are A$34 and the max bet is A$17,000.
Also the company has a current MOU with the goverment to take 20% of the goverments holding bringing the total Donaco holding to 95%, for a cost of $5 Million, the goverment does not allow its citizens to gamble inside Vietnam, but currently the gov is exploring Gaming as a Catalyst to drive tourism, and also considering allowing its own citizens to gamble inside its borders.
The nearest Casino is 450 Km away in Ha Long Bay, and it has to compete against Macau which is 2 Hrs flying time away and they those gamblers have to have a Visa. The gamblers from Yunnan Province only need a Border Pass to enter.
Financials. Net profit after tax was $7,026,197 up 41% on the pcp and earnings of 2.6 cents p/s. For the September Qtr just past the profit was $1,667,071 up a staggering 515% on the 2012 qtr, also the gaming Licence is being extendeD from 2032 to 2044.
Donaco also operate a leading mobile payment business in Malaysia & Singapors, it also focuses on the Mobile enterprise segment, clients including CIMB,CITIBANK & MAYBANK, mobile banking.
Look they have other Irons in the fire so if you go to their website and research you will see where I am coming from.
I would guarantee PBT to quad treble in price if the latest test on alzeimers proves to be positive, which will be released in the first qtr next year.
