CEO Search Update
Sydney, Aug 5, 2020 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) (UGS:FRA) announces that the Donaco Board is in the final negotiation stages to appoint a new CEO and is working closely with management to ensure continuity of company operations and minimal impact on day-to-day business activities.
Mr Paul Arbuckle's term as interim CEO concluded on 4 August 2020, following an extension of his interim CEO contract (see ASX announcement dated 3 June 2020).
As the Board expects to make an appointment of a permanent CEO imminently, and two executive directors continue to serve the business, no interim CEO will be appointed at this time.
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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