Annual Report 2014
Sydney, Oct 22, 2014 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) achieved a series of major milestones during the 2014 financial year.
The most important development was the opening of the Aristo International Hotel in May 2014. Through this brand-new resort complex in northern Vietnam, Donaco now has a greatly expanded leisure and entertainment offering. This magnificent new property will underpin growth in the year ahead.
In order to capture more of that growth, DNA successfully increased their stake from 75% to 95% in a joint venture with the Vietnamese Government. This took effect on 1 January 2014.
While the Board and management team focused on the existing flagship business in Vietnam, they also placed a high priority on adding value to shareholders through corporate activity, announcing the spin-off of the mobile technology business, iSentric, into a separate ASX listed company. This transaction was successfully completed in September 2014, with shares in the newly listed entity distributed in specie, as a return to shareholders.
To view the Annual Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DNA-824362.pdf
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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