Asian casino operator Donaco International Ltd has launched an online gambling business almost two years after being licensed by Cambodian authorities.
The services are offered through Star Vegas and have gone live at Dnalive666.com and Dnacasino.com. The sites offer live casino and sports betting products through multi-language and multi-currency services via both desktop and mobile.
The online operations will be overseen by Vivo Tower Ltd, with which Donaco signed a junket deal in June 2017. Donaco said in a press release that the original deal has been cancelled and replaced with a new agreement.
Vivo will market and manage the Donaco online platform in return for a revenue share. Vivo will also rent space at Star Vegas to third-party online gaming operators who can use the platform to market to their own customer bases, the release said.
The company expects the online business will provide “medium-term growth in revenue and profits” and will eventually become a “significant revenue contributor as the business grows.”
Australian-listed Donaco issued its annual results for the 12 months ending June 30, during which the company booked a statutory loss of AU$124.5m (US$90.4m). However, Donaco notes that the loss was due to the AU$144m non-cash impairment charge the company announced last December, according to a report at CalvinAyre.com.
