Green light for Vietnam casino to open in May

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…