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8.33% 3.3¢ donaco international limited

Ann: Quarterly Activities Report, page-3

  1. JoeGambler
    7,191 Posts.
    lightbulb Created with Sketch. 2028
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    28/10/22
    14:41
    Post #: 64459721
    Break even VIP win rate at DSV, can we then assune all revenue was from main floor slots and tables? If they achieved the theoretical ~3% (less junket commision/player incentives) it would have been a significantly better result. GGR on that 180m turnover in theory would have been about ~5m. Let's hope in Dec quarter DSV can achieve a theoretical win rate on the turn over as a negative win rate is a rough start.

    Pretty impressed they pulled out a 50% EBITDA margin on DSV and with no contribution from VIP. Early days though...
    Last edited by JoeGambler: 28/10/22
    DNA Price at posting: 5.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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