Southeast Asia casino operator Donaco International Ltd announced on Monday the appointment of Att Asavanund as deputy chief executive.
The appointment was effective from the beginning of May.
“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,” Donaco said in a filing. The former is located in in Poipet, Cambodia, while the latter is in northern Vietnam.
Mr Asavanund joined Donaco last December in the role of chief operating officer, having previously been advisor to the parties that sold the Star Vegas casino resort business to Donaco. That deal was completed in July last year.
Mr Asavanund has more than 15 years of experience in business development and strategic investment across a wide range of industries including technology, entertainment, real estate and energy, according to Donaco’s Monday release.
“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 said in a prepared statement.
In February, Donaco reported casino operating revenue of AUD68.8 million (US$49.5 million) for the six months to December 31, compared to AUD8.6 million in the prior-year period.
Donaco is planning to expand the Star Vegas casino gaming premises into the adjacent 240-room Star Paradise Hotel. The company has said the hotel has potential to accommodate a further 2,260 square metres (24,326 sq feet) of gaming floor space over two levels.
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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