April 7 (Reuters) - Donaco International Ltd DNA.AX :
* ANNOUNCES MEASURES TO CUT COSTS, INCLUDING CUTS IN HEADCOUNT, PLACING EMPLOYEES ON LEAVE, STANDING DOWN CASUAL STAFF
* TEMPORARY SHUTDOWN OF CASINOS WILL HAVE A MATERIAL IMPACT ON DONACO'S OPERATIONS
* MEASURES TO CUT COSTS INCLUDES DEFERRING NON-ESSENTIAL EXPENDITURE
* NO REPORTED INCIDENCES OF COVID-19 AMONGST STAFF
* IN DISCUSSIONS WITH PRINCIPAL LENDER MEGA BANK FOR SETTLEMENT OF LITIGATION OVER STAR VEGAS BUSINESS AND ON JUNE 30 COVENANTS
* CASINOS CLOSED; SEES CASH BURN RUN RATE FROM MAINTAINING CASINO ASSETS AND ASSOCIATED CORPORATE COSTS OF US$800,000 TO US$900,000K PER MONTH