Full Year Statutory Accounts
Sydney, Sep 29, 2014 AEST (ABN Newswire) - The soft opening of the Aristo on 18 May 2014 was a milestone in the Company's development. When fully operational, the Aristo will have 400 guest rooms available, with the additional 28 rooms currently fitted out as recreational facilities, primarily a health spa and a nightclub (operated by a contractor under a long term lease). The property also has five restaurants, including a fine dining Chinese restaurant; a theatre restaurant and ballroom that can seat 400 diners; several all day dining outlets; and a VIP lounge. Other non-gaming amenities include a swimming pool, tennis court and gym, and eight retail shops, with a ticketing agency and convenience store already trading.
Gaming Technology Operations
The Gaming Technology businesses consist primarily of iSentric Sdn Bhd, a successful mobile commerce business based in Kuala Lumpur. iSentric has significant interests and expertise in almost every segment of the mobile services sector, including mobile content distribution, mobile payment aggregation, mobile banking and bespoke corporate mobility solutions. iSentric's revenue for the year was $8,074,671, with net profit after tax of $1,570,130.
iSentric currently provides technology services under arms' length arrangements to the Company's core hotel and casino business in Vietnam. This includes advising on the property management system, loyalty program, third party system integration, and network design.
In addition, iSentric provides technical support to the Way2Bet wagering marketing portal and games businesses in Australia, which posted total revenue of $694,206 during FY14.
Significant changes in the state of affairs
On 24 July 2013, the company announced that it had signed a non-binding memorandum of understanding with its joint venture partner to increase its stake in the Lao Cai International Hotel joint venture by 20%, for a total cost of US$4 million. The transfer of the stake was completed with effect from 1 January 2014.
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About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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