David Green will join the board of directors at Donaco International Limited as an independent, non-executive director after an April 12 announcement.
Joey Lim Keong Yew has been officially removed from his position but will remain on the company’s board as a non-executive director.
The founders of Genting Bhd, have given up their share of Donaco International. The Malaysia-based Lims held 27.25% in the casino operator, but have now relinquished them to third parties.
Donaco International Ltd., a major investor in casinos, particularly in Southeast Asia, continues to suffer due to ongoing litigation.
Australia-listed Donaco International Limited announced that it was planning a “strategic review” of its debt and cash flow situation.
Donaco says fiscal year off to a "soft start" after dealing with online gambling startup costs and a "Chinese crime syndicate" targeting its Vietnam casino.
Asian casino operator Donaco International launches long-delayed online gambling operators from Star Vegas venue in Poipet, Cambodia.
A Cambodian court has prevented Star Vegas's Thai vendors from terminating the casino’s 50-year land lease.
An Australian court has extended for five more months the freeze order on some 148 million Donaco shares held by several Thai vendors.
Star Vegas is on the rebound and revenue is expected to be where it was supposed to be a year ago.