World

Donaco’s Casino Gamble Matter in Cambodia has got Complicated

Published

5 years ago

June 20, 2019

Donaco International’s immersion in the legal proceedings with its biggest individual shareholder has got complicated. The shares of Donaco’s biggest institutional shareholder (Orchard Capital Partners Asia) which were not obtained through a loan default by Joey Lim (co-founder of Donaco International) have been seized by the Australian regulators.

After the demise of Joey Lim’s grandfather, Lim Goh Tong in 2007, Joey Lim handled his business and listed Donaco on the ASX by reverse takeover in 2013. He entered a deal to acquire Star Vegas, the largest casino in Poipet, which made him a regional player. Donaco invested US$360 million to own Star Vegas from the Thai businessman and politician, Somboon Sukjaronkraisri. However, Somboon entered an agreement to manage the casino for a couple of years with a guarantee of giving US$60 annually. Later, the two businessmen got entangled in a legal dispute due to the rights issue of Lim’s loan with Somboon’s shares.

After the failure of the agreement for Somboon’s management deal extension, the operation of two casinos up the road from Star Vegas contributed to an increase in the conflict with Donaco. Following Donaco’s efforts in upgrading Star Vegas guest rooms and its gaming floor, the casino unit has claimed that Somboon’s casinos violated the non-compete clause in the sales agreement. Due to this, the two parties are going through the arbitration process in Singapore and litigation procedure in Australia, Cambodia, and Thailand.

Lim failed to pay multiple payments in 2018 to the lender OCP Asia. Due to the loan defaults by Lim, OCP Asia acquired 27% shares of Donaco. Following this, Lim, Donaco director filed complaints to Australia’s Takeover Panel related to OCP Asia’s acquisition. It is decided that OCP Asia didn’t breach any regulations but it acquired shares at the time when the market didn’t have any knowledge about Lim’s loan default.

The growth of Thai casino industry has contributed to the introduction of many popular online casinos such as scr888. And hence it is important for Donaco International to resolves all its disputes to take advantage of the growth opportunities. Ending the complications is the only medium which could help Donaco to raise the value of its shares in the industry.

World

Discover the Freedom of Non-GamStop Casino Sites for UK Players

Published

4 weeks ago

October 26, 2024

Jimmy Lerner

For UK players seeking more flexibility and variety in their online gaming experience, non-GamStop casino sites are opening the doors to a world of exciting opportunities. These platforms offer a broad range of gaming options and attractive bonuses, giving players the chance to enjoy their favorite casino games without the constraints imposed by the GamStop self-exclusion program.

Non gamstop casino sites provide an alternative for those who prefer unrestricted access to games, allowing them to play with greater freedom and less interruption. As the online gaming industry continues to evolve, non-GamStop platforms are quickly gaining popularity among UK players, especially those seeking exclusive games, competitive promotions, and fewer restrictions.

Why Choose Non-GamStop Casino Sites?

Non-GamStop casino sites provide several distinct advantages for players, making them an appealing choice for those looking to enhance their gaming experience. The primary benefit is the absence of GamStop restrictions, allowing players to access their favorite casino games without the limitations of self-exclusion programs. This freedom extends to deposit and withdrawal limits, which are more flexible on non-GamStop platforms.

Additionally, non-GamStop casinos often boast a broader selection of games. Whether players are interested in slots, poker, blackjack, or live dealer experiences, these sites frequently offer an expansive library of gaming options catering to various tastes. Exclusive games, tailored specifically for these platforms, can also be found, providing unique opportunities often unavailable on more restricted sites.

The Perks of Playing Without Limits

Non-GamStop casino sites are known for their enticing promotions and bonuses to reward new and returning players. Generous welcome bonuses, free spins, and ongoing loyalty programs help to enhance the overall gaming experience, allowing players to maximize their wins and play for longer durations.

These platforms also provide a more relaxed gaming environment with fewer restrictions on deposits and withdrawals. Players who prefer high-stakes gaming will appreciate the ability to manage larger transactions, while those who enjoy casual play can still benefit from flexible options. However, it’s important to practice responsible gambling to ensure a safe and enjoyable experience.

How to Find Reputable Non-GamStop Casino Sites

With the rise in popularity of non-GamStop casinos, it’s crucial for players to choose reputable platforms that prioritize safety and security. Look for sites with valid gaming licenses from respected regulatory bodies, such as the Malta Gaming Authority or Curacao eGaming. These licenses ensure the casino operates fairly and adheres to strict industry standards. Advanced security features are necessary for success.

Embrace the Flexibility of Non-GamStop Casinos

For players who value flexibility, non-GamStop casino sites deliver a thrilling and versatile gaming experience. With fewer restrictions, a vast array of games, and opportunities for significant rewards, these platforms offer UK players an ideal alternative to more conventional online casinos.

Responsible gambling is essential to ensuring a positive experience. Setting personal limits on deposits, playing times, and stakes can help players maintain control while still enjoying the excitement of non-GamStop gaming. Many of these platforms also offer tools to promote responsible play, such as time-out features and deposit limits.

In conclusion, non-GamStop casino sites provide an expansive, unrestricted gaming experience that allows UK players to explore new games, enjoy flexible bonuses, and play at their own pace. Players can enjoy all the benefits these casinos offer by choosing reputable platforms and practicing responsible gambling.