Donaco International Limited
(ASX:DNA) announced that normalised group EBIDTA for FY2016 is currently on track to meet analysts’ expectations – in the range of $90 million to $95 million.
However, the company says that actual group EBITDA is expected to be lower than the normalised result due to win rate fluctuations at its Aristo International Hotel.
Donaco also says that its Star Vegas Hotel experienced strong constant currency growth (an increase of 8.5%), and an increase in EBITDA of 6.4%, despite an adverse movement in the Thai Baht exchange rate.
The company also reports that it is considering expansion plans into the neighbouring Star Paradise property, and any new plan would involve minimal capital from Donaco.
