Donaco terminates agreement with Heng Sheng Group, suspends operations

Australian-listed Donaco International Ltd announced its previously agreed exclusive deal with gaming promoter Heng Sheng Group has been terminated, with operations suspended from January 2016, according to an investor presentation of its half year results.

Heng Sheng previously had exclusivity for certain jurisdictions, which prevented Donaco from striking new deals with other junkets. Donaco says they now in advanced negotiations with international and Thai VIP junkets.