Mr J Lim is the managing director and chief executive officer of Donaco International Limited. He is also a director of Malahon Securities Limited, a stock brokerage company founded in 1984, and is a member and participant of the Hong Kong Exchange. He is also the principal of the Slingshot Group of Companies, which are investment companies based in Hong Kong.
Donaco International recorded strong performance in its main hall and slot machine businesses for the first four months of the 2018 financial year, but its VIP business saw mixed results. Donaco CEO Joey Lim, addressing shareholders at the AGM, said that its Cambodia property, Star Vegas, was impacted by the transition to a new set […]
Casino operator Donaco International has announced the signing of a new agreement with RGB Ltd to enhance its slot machine portfolio at Star Vegas casino in Cambodia. Donaco currently operates 1,522 slot machines at the Star Vegas property, with the majority of machines supplied by distributors under revenue share deals. Under the new agreement, RGB […]
Australia-listed Donaco International has been informed that the family of its managing director, Joey Lim has sold a total of 37.5 million shares in the company for an aggregate consideration of A$15 million (US$11.9 million). In a filing to the ASX on Monday, Donaco said the placement to international and domestic institutions was for private […]
Australian-listed Donaco International has signed a deal with international marketing agency Vivo Tower Ltd. to attract junkets from Macau, Hong Kong and Malaysia to its Star Vegas property, according to a filing from the company to the ASX on Friday. Under the agreement, Vivo Tower will pay Donaco a minimum fixed fee of US$1.5 million […]
Genting chairman and CEO Lim Kok Thay has filed an affidavit against two of his nephews, Joey Lim Keong Yew and Benjamin Lim Keong Hoe, disputing their combined 49.2 percent share in Australia-listed Donaco International Ltd., The Edge Malaysia reports. Joey Lim is the managing director and CEO of Donaco International Ltd, while Benjamin Lim […]
Donaco International says it will be focusing on further reducing debt, consider “additional capital management initiatives” and further opportunities to grow its business over the next year, according to chairman Stuart McGregor at an AGM on Thursday. “We will be focused over the next 12 to 18 months on ensuring that our debt is paid […]
Casino operator Donaco International says it is looking at options for utilizing an online gaming license owned by Star Vegas in Poipet sometime in the fiscal year 2017. “The Star Vegas business also owns an online gaming license which has yet to be utilized,” said managing director and CEO, Joey Lim in an annual report […]
Australia-listed Donaco International Ltd. has announced the appointment of Att Asavanund as deputy chief executive officer, according to a filing to the Australian Stock Exchange. Reporting to Donaco’s managing director and chief executive officer Joey Lim, Asavanund will be focused on improving the performance of the company’s operating business, the Star Vegas Resort and Club, […]
Donaco International’s Star Vegas Resort and Club in Cambodia posted “massive” growth last year and is performing well ahead of its target, the company’s managing director said. Last year the club’s net profit and revenue were up 57 percent and 86 percent respectively. “The Star Vegas continues to grow, and in the four months to […]
Donaco International Ltd announced that the company’s deputy chief financial officer, Chong Kwong Yang, has been appointed to the senior position of chief financial officer. The company, which recently completed its acquisition of the Star Vegas Resort and Club in Cambodia, said Chong played a key role in sealing the deal. Current CFO Richard Na […]
Donaco International said it will issue new shares to raise $132 million to part-fund the company’s recently announced acquisition of a Cambodian casino. The company will issue more than 220 million new shares under the entitlement offer to go towards the $360 million Star Vegas Resort and Club in Poipet. The company also said it […]
Headaches caused by a former Thai junket impacted the earnings of Australia-listed Donaco International in the first half of the 2018 fiscal year. As detailed in a previous announcement from the company, the group’s results were hit last year by an impairment charge of $143 million at Star Vegas, due to a former junket vendor […]
Shareholders in Donaco International, which operates casinos in Cambodia and Vietnam, has called on directors to convene an extraordinary general meeting to vote on removing Joey and Benjamin Lim from the company’s board.
Former Star Entertainment Group COO Paul Arbuckle has been named as the new chief executive of Donaco International, effective Wednesday. Mr. Arbuckle was most recently the chief operating officer at Star Gold Coast, responsible for all operating divisions. Prior to that, he was the senior vice president of casino marketing for Resorts World Sentosa. Regarding […]
Shareholders in Australia-listed Donaco International have voted overwhelmingly to remove founders Joey Lim Keong Yew and his brother Benjamin Lim Keong Hoe from its board of directors.
A heat map of the casinos clustered around Thailand’s borders are a strong indicator of how much interest there would be if the Kingdom were to legalize gambling.
Cambodia’s long-awaited gambling legislation is likely to be published mid-year and could herald the start of a dramatic shake out of the country’s 65 casinos. Higher tax rates and investment levels may trigger consolidation.