Donaco International to branch out into online gambling in Cambodia

Casino operator Donaco International says it plans to branch out into online gambling through its flagship Cambodian casino property.

On Monday, the Australian-listed Donaco filed its annual report for shareholders, which included a note from CEO Joey Lim that Donaco’s Star Vegas casino in Poipet “owns an online gaming license which has yet to be utilized.”

While Lim was short on specifics, he would say that Donaco is “currently exploring the alternatives for the utilization of this license and expect some progress to occur” on this front in the current fiscal year, which ends June 30, 2017.

Donaco isn’t entirely unfamiliar with online gambling, having acquired Australian interactive wagering outfit Two Way Ltd back in 2012. Two Way’s chief product was an online odds comparison site known as Way2Bet. Donaco also used to operate a television wagering service called Tab Active, but sold its online business to Aussie wagering operator Tabcorp Holdings in 2014.