DNA 0.00% 3.3¢ donaco international limited

you would think so but the casino is very small, the amount of...

  1. 7,166 Posts.
    lightbulb Created with Sketch. 2020
    you would think so but the casino is very small, the amount of pokies is akin to a small suburban venue in Australia and from memory the number of tables is less than 20. The business' bread and butter was servicing Chinese high rollers on its baccarat tables, and this was often volatile and as I mentioned was mathematically curious after a number of periods below the theoretical win rate. Let's hope there is some serious pent up gaming demand in the Kunming province and the volumes are good to reduce volatility. I also hope the new controlling shareholder runs the business better, under the Lims it never reached anywhere near the potential the company led analysts to believe in the early days when capital was raised to build the casino. It is nevertheless very valuable, the license is exclusive and the building was in the region of $100m to build from memory.
 
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