TwoWay Limited to Be Acquired by Genting Scions?


According to latest reports, grandsons of Genting founder, Lim Goh Tong, and nephews of current CEO and chairman, Joey Lim Keong Yew and Ben Lim Keong Hoe could be the men behind the initiative for a reverse takeover of the Australian-listed interactive wagering company TwoWay Limited.

It appears that the Genting descendants are interested in the venture in order to pursue their ambitions to build a casino and leisure business in Southeast Asia. Thanks to the deal, TwoWay could acquire a 75 percent stake in a casino and hotel complex in Vietnam, which is expected to provide a significant revenue boost.

The reports about the initiative state that the duo holds control over Donaco Singapore, the company which will acquire 95 percent of Two Way, and then rebrand it as Donaco International Ltd.

According to Mak Siew Wei, an executive director of Donaco who will join the Two Way board, two similar casino-hotel projects in two other Asian countries are “far along” the planning stages. Not much more detail was provided about the negotiations, except that Two Way shareholders will vote on the deal on November 22.

At the same time, the Genting group is trying to boost its stake in Australia’s Echo Entertainment. It was stated by Joey Lim said there are no financial ties between Genting and Donaco, and that these “are two isolated events that just so happened to happen at the same time. We both have our own individual objectives and targets and we will pursue them independently and objectively.”

Comments are closed.

Top Marvel Hero Slot Sites

Phoenician Casino

Phoenician Casino
Phoenician Casino gives new players a 50% welcome bonus of up to $50. This casino also gives 25% matching bonus (up to $200) on the 2nd deposit and a 20% matching bonus (up to $950 free) on the 3rd deposit. So that is a total of $1,200 in bonuses from Phoenician Casino. Another great Microgaming Casino. ...

Play Now

7 Sultans Casino

7 Sultans Casino
9 magical bonuses of $1000 await you at 7 Sultans Casino...

Play Now

Challenge Casino

Challenge Casino
Play With $1,000 FREE at Challenge Casino! Receive a bonus on your first 3 deposits, starting with a 25% Match up to $800 FREE on your first deposit!...

Play Now

Noble Casino

Noble Casino
Get a Great $4,000 Welcome Bonus! Noble Casino aims to give you the greatest gaming experience you can find online and part of that is a whopping welcoming bonus offer! Enjoy 100% up to $1,000 on your first 4 deposits! Play your cards right and you could get an additional $4,000 ...

Play Now

Club 777

Club 777
Club 777 is very convenient, one can enjoy the experience of a real casino sitting at home. Download or play instantly, all your information is secure. So are you ready to play?...

Play Now

Aztec Riches Casino

Aztec Riches Casino
Aztec Riches Casino uses the well known software from Microgaming. All new players get $850 In Free Bonus Offers. 1st Deposit 50% Bonus, up to $50 FREE! 2nd Deposit 25% Bonus, up to $20 FREE! 3rd Deposit 20% Bonus, up to $600 FREE! ...

Play Now

Carnival Casino

Carnival Casino
Everyone loves a good carnival! Join in on the fun with Carnival Casino's colorful Welcome Bonus of up to $777 on your first two deposits......

Play Now

50 Stars Casino

50 Stars Casino
The stars are shining upon us at 50Stars Casino! Enjoy an amazing 3-step Welcome Bonus - reaching up to €600 in bonuses!...

Play Now

UK Casino Club

UK Casino Club
Microgaming is the software platform for UK Casino Club. New plyers will get $700 in Free Bonus Offers at UK Casino Club they join!...

Play Now

Casino Del Rio

Casino Del Rio
Casino Del Rio employs an excellent, professional support team, on call 24.7 to help players with any queries they might have. Fluent in more than a dozen languages, the support staff at Casino Del Rio can field and answer players’ questions via email, live chat, or phone. ...

Play Now