Gaming services firm Success Dragon International Holdings Ltd announced on Thursday that Jiang Dan has been appointed as an executive director and chief executive of the company, with effect from today (Friday, March 24).
Mr Jiang replaces Carlos Luis Salas Porras, who is leaving the company “to focus on his other businesses,” Success Dragon said in a filing to the Hong Kong Stock Exchange.
Mr Salas had tendered his resignation as chairman and CEO of Success Dragon earlier this month, but he will serve as an executive director of the company until April 1. Success Dragon said on March 2 it had appointed Li Xuehua as chairman of the company, with effect from March 3.
Mr Jiang, aged 52, is described in Thursday’s filing as having worked in the Asia Department of the of Foreign Affairs Ministry of the People’s Republic of China. Mr Jiang has also served as chief investment officer of Sinochem Europe Capital Ltd and Sinochem Hong Kong Group Ltd, according to the filing.
“He has been engaging in investment and overseas mergers and acquisitions for many years, with more than 20 years of experience in overseas capital market,” said Success Dragon.
In Thursday’s filing, the company additionally said that it had appointed Jia Limin as an independent non-executive director, with effect from March 24.
In a separate filing the same day, the Hong Kong-listed firm said it had completed the investment in a renewable energy company, as Success Dragon works to diversify its business into non-gaming areas.
Success Dragon’s operations include “outsourced business process management and IT [information technology] services” for the gaming industry. Its outsourced business process management is divided into electronic gaming equipment management in Macau and the provision of management services for greyhound racing business in Vietnam.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia