• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Arbuckle steps down as CEO of Donaco after 6 months

Dec 05, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


Arbuckle steps down as CEO of Donaco after 6 months

Paul Arbuckle has tendered his resignation as chief executive of Donaco International Ltd, a boutique casino operator running venues in Indochina. The resignation was announced by the firm in a Thursday filing to the Australian Securities Exchange.

“Pursuant to his employment contract, Mr Arbuckle has provided six months’ notice, and accordingly his final day with the company is expected to be June 4, 2020,” said the filing.

No commentary on the reasons for Mr Arbuckle’s departure was given in the company’s filing.

The document quoted the board of the firm stating that Mr Arbuckle had “made a significant contribution to improving the operations of Donaco since joining as CEO in June 2019”.

It added: “The board will now commence an executive search process to replace Paul as CEO, and we appreciate his willingness to continue to assist the company during this transition period.”

The filing also quoted Mr Arbuckle saying he had “enjoyed” is time with Donaco. “I wish the company all the best for the future,” he added, as quoted in the filing.

Trading in the shares of Donaco has been suspended since Monday, pending the “appointment of sufficient directors” as required by Australia’s Corporations Act, which demands a minimum of two Australian resident directors, according to a previous filing from the company.

The firm’s board now consists of three directors, following a board rejig at Donaco’s annual general meeting on Monday, which involved the removal of chairman Stuart McGregor as a director of the company.

Donaco’s flagship venue, Star Vegas Resort and Club, is located in Poipet, Cambodia. In Vietnam, the group runs the Aristo International Hotel (pictured in a file photo) and accompanying casino, which mainly serves players from neighbouring mainland China.

Donaco has been roiled by a number of issues over the past 12 months. They included its long-running dispute with the Thai people that sold the group the rights to run Star Vegas, and the extended leave of absence – for health reasons – of the then chief executive Joey Lim Keong Yew.

In March Mr Joey Lim was sacked as CEO, and in July he and his brother Ben Lim Keong Hoe were dropped as Donaco directors.

More recently, the firm claimed some minority shareholders were trying behind the scenes to shape the membership of the Donaco board.


  • tweet
Related articles
  • Star Vegas closure at 2 year mark, CEO offers loan facility
    Star Vegas closure at 2 year mark, CEO...

    May 03, 2022  

  • Donaco 1H flags going concern risk, Cambodia op still shut
    Donaco 1H flags going concern risk,...

    Mar 01, 2022  

More news
  • Pragmatic Play to offer its slots via online platform bet365
    Pragmatic Play to offer its slots via...

    May 17, 2022  

  • PH Resorts widens 1Q loss, affirms going concern risk
    PH Resorts widens 1Q loss, affirms...

    May 17, 2022  


Latest News

Pragmatic Play to offer its slots via online platform bet365

Pragmatic Play to offer its slots via online platform bet365

May 17, 2022  

The Pragmatic Play brand, a leading content provider to the iGaming industry, says it has signed a deal to launch its complete slot portfolio on the bet365 online wagering platform. As a result,...
Read More
PH Resorts widens 1Q loss, affirms going concern risk

PH Resorts widens 1Q loss, affirms going concern risk

May 17, 2022  

AAEC side files appeal notice on failed lawsuit against LVS

AAEC side files appeal notice on failed lawsuit against LVS

May 17, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$14.5 million

First-quarter gaming revenue recorded by the casino at the Jeju Dream Tower resort in South Korea



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us