tiprankstipranks
Trending News
More News >

Donaco International Faces Acquisition Delay and New Tax Liabilities

Story Highlights
Donaco International Faces Acquisition Delay and New Tax Liabilities

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App