CEO Contract Extension
Sydney, June 3, 2020 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) (UGS:FRA) announces that Chief Executive Officer, Mr Paul Arbuckle, will serve as CEO on a month-to-month basis to continue assisting the Company through the transition period to a new CEO.
Mr Arbuckle's final day with the Company was expected to be 4 June 2020, following the announcement on 5 December 2019. The Donaco Board welcomes Mr Arbuckle's continuing support and believes it will allow a smooth transition to a new CEO. Under the executive search process, the Board has interviewed a number of quality candidates for the CEO position that are currently under consideration and is seeking to make an appointment as soon as possible.
Key Terms of the contract remain unchanged as released in the ASX announcement 'Appointment of CEO' dated 11 June 2019.
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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