Donaco International Limited (ASX:DNA) (FRA:UGS) is pleased to provide an update on the progress of the settlement of litigation over the Star Vegas business as announced to the ASX on 3 March 2020.
Donaco International Ltd
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
Noting the Coronavirus impact to business operations in Vietnam, Donaco International Limited (ASX:DNA) outlines the specific impact on Donaco's business operation at the Star Vegas Hotel, situated on the border of Cambodia and Thailand.
Donaco International Limited (ASX:DNA) provides the following trading update for the three month period ending March 2019.
Donaco International Limited (ASX:DNA) is pleased to announce that David Green has been appointed as an independent non-executive Director of the Company.
Donaco International Limited (ASX:DNA) announces that the employment of Mr Joey Lim as an executive of the Company has now been terminated with immediate effect.
Donaco International Limited (ASX:DNA) notes that Vincent Pirina and Mitchell Mansfield have been appointed as joint and several receivers of approximately 224 million shares in the Company.
Donaco International Limited (ASX:DNA) has announced its results for the 6 months ended 31 December 2018 (H1 FY19).
Donaco In ternational Limited (ASX:DNA) provides the following trading update for the three month period ending December 2018.
Donaco International Ltd (ASX:DNA) announces that its Managing Director and Chief Executive Officer, Mr Joey Lim, has requested a leave of absence for a period expected to be approximately three months, to deal with health and personal matters.
In accordance with Listing Rule 3.13.3, Donaco International Limited (ASX:DNA) lodges the attached Chairman's address and Managing Director's address, to be delivered at today's Annual General Meeting of shareholders.