Sydney Morning Herald – Casino operator Donaco International has cleared the final regulatory hurdle in its bid to open a new hotel and gaming property in the North of Vietnam, pitched at Chinese gamblers in the bordering Yunnan province. The company is run by Joey and Ben Lim who are nephews of casino magnate K.T. Lim, the founder of Malaysian conglomerate Genting Berhad. Genting Hong Kong, which is part of Mr Lim’s empire, has a strategic stake in casino operator Echo Entertainment Group. The young pair have been successful in selling their vision to local fund managers of new casinos…

From Proactive Investors – Donaco International (ASX: DNA) is poised to increase its 75% stake in the joint venture company operating the Lao Cai International Hotel, after reaching a non-binding agreement in principle. The Lao Cai International Hotel, a casino in northern Vietnam, is located on the border with Yunnan Province in China – and has been operated by Donaco since 2002. The hotel is the first fully licensed table gaming business in Vietnam, and the property is currently being expanded from a 3-star 34 room hotel, to a brand new resort complex with 428 hotel rooms. Donaco operates the…