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 Bloomberg – Lim Kok Thay, the billionaire chairman and chief executive officer of Genting Bhd. (GENT), comments on his plan to boost its stake in Echo Entertainment Group Ltd. (EGP) He spoke in an interview in Kuala Lumpur today. Lim is Malaysia’s third-richest man with an estimated net worth of $7.5 billion, according to the Bloomberg Billionaires Index. On the Echo Entertainment investment: “Australia, we bought a stake in there at a time when Mr. James Packer invested first. And now of course Mr. Packer has sold his stake in Echo. We have done nothing since our initial stage,…