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Star Vegas’s parent eyes regional expansion

Star Vegas’s parent eyes regional expansion

Doncaco International, which operates the Star Vegas Resort and Club in Cambodia and the Aristo International hotel in Vietnam, is eyeing a five-year expansion plan that could see it launch casino operations in Macao, South Korea, Japan and the Philippines, according to a Malaysian media report.

The report, which quoted Donaco CEO Joey Lim Keong Yew, said the Australian-listed company wanted to develop or purchase casinos to maintain and expand growth. Donaco registered a 61 percent lower net profit for the 2017 financial year at nearly $25 million, dragged down by a weaker top line and net nonrecurring costs of $19.3 million.

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