Donaco says appointment of new CEO “imminent” as Cambodia, Vietnam casinos wait to reopen

Australian-listed Donaco International Ltd says the appointment of a new CEO is imminent as it looks to complete a comprehensive makeover of its boardroom and senior management.

The company on Tuesday announced a statutory loss of AU$59.0 million for the year ended 30 June 2020, improved from a loss of AU$198.0 million in FY19. The FY19 result took into account an impairment loss on its Cambodian casino license. Star Vegas in Poipet and Aristo International Hotel in northern Vietnam have been closed since 1 April.

Donaco has since mended its relationship with the Thai vendors of Star Vegas via settlement of all legal cases, including the recent appointment of one of those vendors – Lee Bug Huy – to the board on 3 August.

In full: https://www.asgam.com/index.php/2020/09/01/donaco-says-appointment-of-new-ceo-imminent-as-cambodia-vietnam-casinos-wait-to-reopen/

© 2020, All rights reserved.