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An announcement from Donaco International Ltd. ( (AU:DNA) ) is now available.
Donaco International Limited has announced a delay in the timeline for its acquisition by On Nut Road Limited due to extended valuation processes and legal analyses. Additionally, Donaco faces potential tax liabilities in Cambodia, as the government has clarified that a 10% VAT on gross gaming revenue, effective from January 2025, is applicable, despite previous deferments. This development could significantly impact Donaco’s financial obligations and operational costs.
More about Donaco International Ltd.
Donaco International Limited operates in the gaming industry, primarily focusing on casino operations. The company is known for its Star Vegas Resort and Club in Cambodia, which is a significant part of its business operations.
Average Trading Volume: 3,430,345
Technical Sentiment Signal: Buy
Current Market Cap: A$53.07M
Find detailed analytics on DNA stock on TipRanks’ Stock Analysis page.