{"id":11713,"date":"2025-05-13T13:36:24","date_gmt":"2025-05-13T13:36:24","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=11713"},"modified":"2025-05-13T13:36:24","modified_gmt":"2025-05-13T13:36:24","slug":"donaco-buyout-faces-delays-amid-legal-and-tax-hurdles-in-southeast-asia","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/donaco-buyout-faces-delays-amid-legal-and-tax-hurdles-in-southeast-asia\/","title":{"rendered":"Donaco Buyout Faces Delays Amid Legal and Tax Hurdles in Southeast Asia"},"content":{"rendered":"\n<p>Australian-listed <strong>Donaco International Ltd<\/strong>, a prominent operator of <strong>border casinos in Cambodia and Vietnam<\/strong>, has reported a delay in its full acquisition deal with <strong>On Nut Road Limited<\/strong>, a special purpose vehicle managed by Hong Kong-based <strong>Argyle Street Management Ltd<\/strong>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/cambodias-tourism-surge-in-2025-boosts-casino-industry-and-gaming-revenues\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cambodia\u2019s Tourism Surge in 2025 Boosts Casino Industry and Gaming Revenues<\/a><\/p>\n\n\n\n<p>Founded in 2002, Donaco owns and operates two flagship gaming properties: <strong>Star Vegas Resort &amp; Club<\/strong> in Poipet, Cambodia, and <strong>Aristo International Hotel<\/strong> in northern Vietnam. Known for serving cross-border customers, Donaco has been a significant player in the Southeast Asian casino landscape.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/wp-content\/uploads\/2025\/05\/banner-diamond-mv-multigame.jpg\" alt=\"\" class=\"wp-image-68724\" style=\"width:840px;height:auto\"\/><\/a><\/figure>\n\n\n\n<p>The proposed acquisition\u2014valued at <strong>AU$55.59 million (US$35.2 million)<\/strong> and offering AU$0.045 per share\u2014represents a 50% premium over Donaco\u2019s stock price as of March 14, 2025. While Donaco\u2019s Board of Directors unanimously supports the offer, and major shareholders Lee Bug Huy and Lee Bug Tong (who collectively hold 42.17%) are in favor, the deal now faces <strong>regulatory delays<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/donaco-buyout-faces-delays-amid-legal-and-tax-hurdles-in-southeast-asia2.jpg\" alt=\"\" class=\"wp-image-11715\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/donaco-buyout-faces-delays-amid-legal-and-tax-hurdles-in-southeast-asia2.jpg 750w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/donaco-buyout-faces-delays-amid-legal-and-tax-hurdles-in-southeast-asia2-300x200.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<p>According to company disclosures, the postponement is due to <strong>extended valuation and legal reviews<\/strong> required under <strong>Cambodian and Vietnamese regulations<\/strong> for changes in corporate control. Additionally, a new <strong>10% VAT on gross gaming revenue<\/strong>, introduced in Cambodia on January 1, 2025, could add more than AU$666,000 to Donaco\u2019s operating expenses. These complications, coupled with recent stock volatility, have created uncertainty around the deal\u2019s timeline. Despite these hurdles, Donaco insists it remains committed to delivering long-term value for shareholders and exploring strategic growth within regulated markets.<\/p>\n\n\n\n<p>The outcome of this acquisition could shape regional investment sentiment toward gaming assets in Southeast Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donaco International, a casino operator in Cambodia and Vietnam, reports delays in its full buyout by Hong Kong\u2019s Argyle Street Management due to legal complexities and new tax liabilities.<\/p>\n","protected":false},"author":1,"featured_media":11716,"menu_order":64,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2323,3686,2319,4884,2978],"class_list":{"0":"post-11713","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-asia","8":"tag-australia","9":"tag-cambodia","10":"tag-diamond-mundo-video","11":"tag-donaco","12":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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