Appoints Deputy Chief Executive Officer
Sydney, May 6, 2016 AEST (ABN Newswire) - Donaco International Limited ("Donaco" or "the Company") (
ASX:DNA) is pleased to announce that it has appointed Att Asavanund as Deputy Chief Executive Officer, effective 1 May 2016. In this role, Mr Asavanund will focus on improving the performance of both of the Company's operating businesses, the Star Vegas Resort and Club and the Aristo International Hotel. Mr Asavanund will continue to report to Donaco's Managing Director and Chief Executive Officer, Joey Lim.
Mr Asavanund joined Donaco during December 2015 in the role of Chief Operating Officer, having previously been the advisor to the vendor of the Star Vegas business, now Donaco's Thailand-based partner. He has more than 15 years of strong experience in business development and strategic investments across a wide range of industries including technology, entertainment, real estate, and energy.
Att Asavanund said "I am honored to be given the opportunity to continue to work closely with Mr Lim and the executive team in the role of Deputy Chief Executive Officer as we continue to experience strong growth from our strategically located gaming assets. Donaco has a strong position in the South East Asia gaming market and is well positioned to continue to benefit from strong market fundamentals in the region."
Mr Asavanund has a Master of Business Administration from the SASIN Graduate Institute of Business Administration at Chulalongkorn University, and a Bachelor of Liberal Arts and Science from the University of Illinois, Chicago.
Commenting on the appointment, Mr Joey Lim said "Att will contribute a wealth of experience from many years in investment banking, corporate strategy and business development, with deep expertise across a range of industries and operations, including international experience, which makes him an excellent fit for the position."
The Company intends to provide an additional trading update in May, following the important Thai New Year holiday trading period during April.
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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