• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 1 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Cashed-Up Donaco Looking To Expand

Newsdesk by Newsdesk
Thu 27 Mar 2014 at 03:55
Print Friendly, PDF & Email

Donaco International, the casino operator run by relatives of Lim Kok Thay, is expanding its casino in Vietnam and on the lookout for fresh investments.

Sydney-based Donaco, controlled by Joey and Ben Lim, nephews of the Genting Group chairman, stated in a recent A$75 million private share placement on the ASX that it is eyeing a “strong pipeline of opportunities”.

”A couple of those opportunities have now come very close to bearing fruit,” said Executive Director Ben Reichel, who identified one as an existing business in the gaming and hospitality sector and the other as a new development.

”Our preference is for an existing asset where we can improve the performance, because that will give strong returns to shareholders at an earlier date,” he said.

Donaco owns 95% of the Lao Cai International Hotel located about 300 kilometers north of Hanoi and home to a lucrative foreigners-only casino catering to the Chinese border trade.

The hotel is being expanded from 34 rooms to 428, and construction is proceeding “on time and on budget,” the company said.

 

RelatedPosts

Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

Wed 30 Jul 2025 at 10:32
Corona shines

Vietnam eyes permanent exemption allowing casino gambling for locals in Phu Quoc

Tue 15 Jul 2025 at 17:00
Chow Tai Fook-linked VMS Group assumes controlling stake in Hoiana, names Benny Chong and Alan Teo to lead new management team

Former Newport World Resorts CMO David Jorden joins Hoiana as EVP of Gaming

Wed 9 Jul 2025 at 06:20
10 years ago – Tricky balance

10 years ago – Tricky balance

Fri 27 Jun 2025 at 12:17
Load More
Tags: Donaco InternationalVietnam
ShareShare
Newsdesk

Newsdesk

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
Tecnet
NWR

Related Posts

Macau’s DICJ says closure of satellite casino Grandview complete

Macau’s DICJ says closure of satellite casino Grandview complete

by Pierce Chan
Thu 31 Jul 2025 at 15:22

Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ) confirmed Thursday that satellite casino Grandview had shuttered its doors and the property cleared in accordance with the law. SJM, which announced in June that it would close all of...

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

by Newsdesk
Thu 31 Jul 2025 at 14:50

Leading B2B gaming industry media brand Inside Asian Gaming is thrilled to announce Grand Lisboa Palace Resort Macau, in the Macau entertainment hub of Cotai, as the venue for the 18th Asian Gaming Power 50 Black Tie Gala Dinner on Friday 7...

Invitational NUSTAR Golf Tournament 2025 attracts 120 players

Invitational NUSTAR Golf Tournament 2025 attracts 120 players

by Newsdesk
Thu 31 Jul 2025 at 11:37

Cebu’s NUSTAR Resort & Casino has hosted its NUSTAR Golf Tournament 2025, attracting more than 120 players at the scenic Alta Vista Golf and Country Club on 25 July 25 for a full day of competitive play. The tournament gathered...

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

by Newsdesk
Thu 31 Jul 2025 at 06:43

Inside Asian Gaming’s new weekly production, The IAG Live Streaming Show, will return this Friday 1 August at 10am Macau time. Episode 1 of The IAG Live Streaming Show was broadcast last Friday 25 July 2025, representing an evolution of “On the...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English