World
Donaco’s Casino Gamble Matter in Cambodia has got Complicated
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
Swiss International University Enhances Student Employability with Major Global Collaborations
New collaborations with Citibank, Abu-Ghazaleh Global, RAK Properties, and others strengthen SIU’s commitment to connecting academic learning with global career opportunities.
Swiss International University (SIU) has already informed about the new corporate partnerships that will start in October 2025 and that they will provide students with better access to internships, training programs, and job opportunities in various fields.
The new partnerships are aligned with SIU’s goal to combine education with the real world, as they ensure that the graduates are equipped with the required knowledge, skills, and professional exposure to be successful in the global economy of today.
In the last few weeks, SIU has formed alliances with several major companies, including those from the banking, business, hospitality, real estate, and consulting sectors. The students will be actively involved in each collaboration through internships, practical training, and the career opportunities that will be given to them during or after their studies.
Among the key collaborations are
Citibank, where students of the business and finance fields will get to experience international banking operations through special training and possible hiring programs.
Abu-Ghazaleh Global has given SIU’s programs its official blessing and access to practical experience in global business, accounting, and consulting.
RAK Properties is going to give real estate and business students a chance to learn about property development, investment, and project management.
The Signature Inn Hotel Al Riqa L.L.C. offers students of hospitality a chance through real-life interrelated scenarios to gain the knowledge of front-office operations and guest management.
Al Shabaka International Businessmen Services is opening a door for the students to meet the professionals involved in global business consulting and administration.
Galadari Motor Driving Center, where students will get a clear insight into corporate management, customer relations, and operational efficiency.
Women’s First Jobs is going to help female students and graduates through career counseling, professional networking, and empowerment initiatives.
MyFounders.Club Global is building up the students and aspiring founders in terms of innovation and entrepreneurship by taking them through the process of developing and launching new ventures.
Revival AE Project Development Consultant Co., L.L.C., where students will be working on consulting for sustainable projects and environmental management.
“The partnerships that we have formed represent our commitment not only to the business world but also to the world of academia,” said the Head of Swiss International University. “We are aspiring to equip every student in SIU with the power to win the global job market through robust academic credentials, practical exposure, and a web of real opportunities. Our target is not a teacher-student relationship whose only need is the job—our students will be the ones making changes in the various fields of tomorrow.”
The academic world and the global market are the two areas where SIU, collaborating with partners at the present time, shows the institution’s continued commitment to creating a career-oriented academic environment where learning takes place beyond the walls of the classrooms.
The deadline of October 2025 is approaching, but the university is still looking to make new strategic partnerships to grow its network of global partners. It is clear from the continuous activities of the university that it is striving to offer its students worldwide the possibility of not only utilizing their skills but also being a part of the industry via employment and thus empowering them to make a difference in international markets.
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