Donaco signs deal to further VIP reach

Australian-listed Donaco International has signed a deal with international marketing agency Vivo Tower Ltd. to attract junkets from Macau, Hong Kong and Malaysia to its Star Vegas property, according to a filing from the company to the ASX on Friday.

Under the agreement, Vivo Tower will pay Donaco a minimum fixed fee of US$1.5 million in FY18, which will increase to US$3 million in subsequent years, plus a variable revenue share.

According to Donaco, Vivo Tower has already engaged Malaysian junket operator, Da Kim Global Group to bring in VIP customers starting from July 1, 2017.

“We are pleased to confirm the launch of a new era at Star Vegas, with a focus on increasing visitation from international players, in order to supplement the existing healthy Thai-facing business,” said Donaco managing director and CEO, Joey Lim.

More news from this jurisdiction

CambodiaWednesday, Feb 21, 2018

Local Cambodians in Sihanoukville are staging a backlash against the flood of Chinese visitors, who have been drawn to the seaside town by the rising number of casinos, the Financial Times reports.

Vietnam, CambodiaThursday, Feb 08, 2018

Transport officials from Vietnam and Cambodia are looking to build a railway connecting Ho Chi Minh City with Bavet City, linking Vietnamese outbound travellers to the Cambodian casino hub.

CambodiaWednesday, Feb 07, 2018

Cambodian casino operator NagaCorp reported a 39 percent increase in net profit for the full-year 2017, reaching $255.2 million.

CambodiaSunday, Jan 28, 2018

China’s increasing involvement and investment in the Sihanoukville Province has pushed up the crime rate and brought instability, said governor Yun Min in a letter to the government.

CambodiaFriday, Jan 19, 2018

The Takara Gaming Group (TGG) has announced it is entering the Southeast Asia gaming market with two casino groups in Cambodia - Golden Crown and Superich the Best Casino.

CambodiaWednesday, Jan 03, 2018

Australia-listed Donaco International said it has won a court injunction to close the Star Paradise casino in Cambodia, which it says is operating in violation of a non-competition agreement signed when it bought its Star Vegas property in Poipet.

CambodiaThursday, Nov 09, 2017

The number of Chinese tourists visiting Cambodia rose 45.7 percent year-on-year to 841,340 in the first nine months of the year.