Approval of Amended Investment Certificate
Sydney, April 15, 2014 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) (the Company) announces that it has received approval from the relevant Government bodies in Vietnam for its amended investment certificate, allowing the relocation of its hotel and casino business to its new site in Lao Cai, Vietnam.
This approval will allow the Company to open its expanded five star hotel and casino business on schedule. The soft opening of the new property is set down for Sunday, 18 May 2014.
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
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.
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