"Star Vegas settlement completed resulting in Donaco recording an other-income of A$52.6m
(equivalent to USD$38m) from the settlement. This is a non-cash item."
Donaco will pay USD $18 million to settle the claims for unpaid managements fees plus interest.
Donaco will pay any outstanding rent and an additional lease payment of USD $20 million to Lee
Hoe Property.
The debts now look very manageable.
any free cash they have after July can be put into share repurchase, and/or dividend. Share repurchase will immediately drive up the share price to equal equity value of at least 16 cents per share.
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"Star Vegas settlement completed resulting in Donaco recording...
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