Donaco International said its revenue in the March quarter plunged by half due to a new outbreak of Covid in Thailand and Cambodia resulting in border closures and the shutdown of its Star Vegas property.
Revenue was A$2.8 million compared to $6.0 million in the December quarter. Management said it expects the impact to be temporary as vaccines begin to be rolled out.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.