Tag: Vietnamese Casino
Donaco raises the stakes in Vietnamese Casino
July 29, 2013
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…