Casino Minnow Donaco Absorbs Star Vegas And Will Now Eye Even Bigger PrizesBy Muhammad Cohen, ForbesSeptember 15, 2017 at 11:06 amDonaco International has absorbed what it calls a “transformational acquisition” of Star Vegas in Cambodia. For its fiscal 2017 ended June 30, Australia listed Donaco reported Ebitda up 36% to A$65.3 million (US$52.2 million). Now Donaco Managing Director and CEO Joey Lim has his eyes on something even more transformational, partnership in an integrated resort in Japan, he revealed in our exclusive interview.Thirty-something Lim got his start in gaming with his grandfather, the late Lim Goh Tong, founder of Genting Group. They co-founded Donaco to look for boutique opportunities in the region too small for the Genting portfolio. Though Lim and his siblings are embroiled in a lawsuit over their father Lim Tee Keong’s will with their uncle, Genting Executive Chairman and CEO Lim Kok Thay, Donaco flaunts its Genting business roots, hiring Genting alumni and following many of the global gaming giant’s systems and procedures.Donaco began with a 34 room casino hotel in Lao Cai, on Vietnam’s border with China’s Yunnan Province, with Lao Cai’s provincial government as a minority partner. Border area residents can cross freely with a permit, and since Vietnam bars its nations from casinos – a recently announced trial experiment at selected casinos notwithstanding – the casino relies on Chinese customers.