Donaco International (ASX:DNA) has opened its new casino in Vietnam to a packed house
Canaccord Genuity
Stockbroker
Donaco International (ASX:DNA) has opened its new casino in Vietnam to a packed house. The official ribbon cutting occurs this afternoon and the casino is pumping! Fears about the Chinese not wanting to cross the border into Vietnam due to political tensions were overblown and it appears that Viet/Chinese relations are more amicable given the close proximity and trade relations between Lao Cai Province and Yunnan Province. Reports from our analyst on the ground confirmed the gaming floor, 3 restaurants, and 300 rooms are all completed. The casino opened with 40 tables plus 10 training tables as well as 34 slot machines. There were about 200 people on the gaming floor at 10am on a Friday, which is a good number! Regional marketing seems to be working with a junket group of 26 Malaysian players in attendance. DNA has fallen on regional tensions but it looks like a bargain now.
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Canaccord Genuity
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Stockbroker
Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...
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Canaccord Genuity
Stockbroker
Stockbroker
Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...
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No areas of expertise
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