• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Donaco working its Man Utd ties at Star Vegas: Joey Lim

Nov 25, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Donaco working its Man Utd ties at Star Vegas: Joey Lim

Joey Lim Keong Yew, chief executive and managing director of Asian boutique casino operator Donaco International Ltd, told the firm’s shareholders he was “optimistic” about the business prospects for its Star Vegas Resort and Club (pictured) in Cambodia

“We are optimistic about the prospect for further growth at… Star Vegas from leveraging our Manchester United relationship, VIP promotions and our recent expansion into the neighbouring Star Paradise property,” said Mr Lim, who is a member of Malaysia’s famous casino entrepreneur clan of the same name.

He was speaking at the annual general meeting of Australia-listed Donaco, held in Sydney, New South Wales on Thursday.

Donaco has said that the acquisition of Star Vegas –located in Poipet, Cambodia, on the latter country’s border with Thailand – for a consideration of US$360 million in July 2015 – had resulted in a sevenfold increase in group revenues during financial year 2016, ending June 30.

Donaco started operations with a single casino property called the Aristo International Hotel in Lao Cai, near Vietnam’s border with Yunnan province in China. The venue largely serves Chinese customers.

In September Donaco said it had commenced managing – for a monthly fee – gaming operations at Star Paradise, a property neighbouring Star Vegas in Cambodia.

In August 2015 Donaco had announced an exclusive sponsorship agreement with English soccer club Manchester United, a team popular in Thailand, a country where casino gambling is illegal, and from where Star Vegas draws many customers.

“We are expecting… Star Vegas to improve during the remainder of the 2017 financial year, as we implement further marketing initiatives including additional tournaments for VIP players, and leveraging off our status as the ‘Official Resort Partner’ of Manchester United in Thailand to increase mass-market visitation,” said Mr Lim.

In August, Donaco reported net profit attributable to shareholders amounting to AUD77.2 million (US$57.4 million) for the 12 months to June 30. In the prior year, the firm recorded a AUD2.9-million net loss.

Mr Lim noted in his comments to investors at Thursday’s annual meeting: “Looking beyond the 2017 financial year, we have commenced discussions with our Thai partner [the vendor of Star Vegas] regarding the ongoing management of… Star Vegas into the 2018 financial year and beyond.” According to the acquisition deal, the Thai partner would manage the Star Vegas property for two years following completion of the deal.

He added: “While these arrangements have not yet been finalised, they will be commercially-based and reflective of senior executive remuneration packages. The current arrangements, for two annual management fee payments, were part of the original purchase deal for… Star Vegas, and include the US$$60-million EBITDA [earnings before interest, taxation, depreciation and amortisation] guarantee from the vendor for both the 2016 and 2017 financial years.”


  • tweet
Related articles
  • Thailand still a watch and wait: LVS chairman
    Thailand still a watch and wait: LVS...

    May 31, 2023  

  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in...

    May 31, 2023  

More news
  • Lam Yi Young resigns as deputy CEO Resorts World Sentosa
    Lam Yi Young resigns as deputy CEO...

    Jun 02, 2023  

  • China stimulus package could benefit Macau stocks: CBRE
    China stimulus package could benefit...

    Jun 02, 2023  


Latest News

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Jun 02, 2023  

Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...
Read More
China stimulus package could benefit Macau stocks: CBRE

China stimulus package could benefit Macau stocks: CBRE

Jun 02, 2023  

G2E Asia 2023: Singapore

  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$8.1 billion

Macau’s casino gross gaming revenue in the five months to May 31



Most Popular

  • MBS en route to US$500mln quarterly EBITDA: LVS bossMBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023
  • Macau May GGR tops US$1.9bln, up 6pct from Apr: govtMacau May GGR tops US$1.9bln, up 6pct from Apr: govt June 1, 2023
  • Lam Yi Young resigns as deputy CEO Resorts World SentosaLam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us