Donaco share price discussion, page-10

with new directors and new CEO (soon). Donaco would have the need to clear the deck and rejiggered their staffing and realign operation anyway.

This crisis is bitter sweet, it afford Donaco an opportunity (or an excuse) to stood down all employee. Clear the slate and restart clean.. in normal time, it would have been an industrial nightmare to carry out such operation and risk loosing key staff as well as key junket partners.

Expect, Somboon’s people to be appoint to senior roles at Star Vegas when operation resume. This would increase cooperation between the 2 largest casino operators in Poipet. Potentially capturing 70% of the thai market (that’s almost 3 time the size of Australia‘s population) for the next 18 months. As people won’t want to travel far due to restriction. Funny, one day we were bitter enemy, the next literally in bed together.

Might just work out well for Donaco. Somboon only need to increase EBITDA above $16mn a year to reap the 25% commission.. might push all the lucrative Thai VIP play to Star Vegas and Winsor, and reserve Galaxy for mass market. As Galaxy is setup like an airport hangar, not suitable for individual VIP host.

Border reopening, and quarantine restriction (if any) will influence share price movement over the next couple of weeks... more so than Mega bank deal approval and covenant... if border reopen, there is income for Donaco.. mega bank $20mn debt can easily be replaced.. Thai/Cambodia border reopening is the key.