April 17 (Reuters) - Donaco International Ltd DNA.AX :
* UPDATE ON PROGRESS OF STAR VEGAS SETTLEMENT
* HAS BEEN IN TALKS WITH MEGA BANK SEEKING REQUIRED CONSENTS AND REMAINS CONFIDENT THAT MEGA BANK WILL SUPPORT AGREED SETTLEMENT
* ALL SETTLEMENT PARTIES AGREED TO DEFER SETTLEMENT PAYMENTS & ADDITIONAL LEASE PAYMENT WHILST AWAITING MEGA BANK'S CONSENT
* SETTLEMENT RETIRES OVER 80% OF DONACO'S CURRENT LIABILITIES (AS AT 31 DECEMBER 2019) AND PRESERVES STAR VEGAS BUSINESS