• 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

Representatives of institutional investor join Donaco board

Aug 13, 2019 Newsdesk Latest News, Top of the deck, World  


Representatives of institutional investor join Donaco board

Donaco International Ltd, an operator of casinos in Indochina, says it has appointed two new non-executive directors, Leo Chan Yan Ho and Kurkye Wong.

Donaco told the Australian Securities Exchange on Tuesday that Mr Chan and Mr Wong were representatives of Argyle Street Management Ltd, an institutional investor.

Argyle Street Management was founded in Hong Kong in 2002 and now manages assets worth about US$1.7 billion, according to Tuesday’s filing. Mr Chan is an executive director of Argyle Street Management and Mr Wong is a vice-president of the company.

Donaco told the stock exchange that Argyle Street Management subsidiary One Nut Road Ltd had agreed to pay AUD0.14 a share (US$0.10) for 158,574,603 shares in Donaco on or before September 9. The shares represent a 19.25-percent stake in the Asian boutique casino operator.

Donaco said it intended to appoint another independent non-executive director in the near future.

In July the shareholders of Donaco voted at an extraordinary general meeting called by three shareholders to remove from the board Joey Lim Keong Yew and Ben Lim Keong Hoe, who are brothers belonging to the family that founded Malaysian gaming company Genting Bhd.

Mr Joey Lim is the founder of Donaco, and was its managing director and chief executive until March 19.

Mr Ben Lim then became acting chief executive, serving until the middle of June.

A company spokesman told GGRAsia shortly after their removal: “We are refreshing the board, with the recent appointment of David Green as an independent non-executive director. And we are refreshing the management team, with the appointment of Paul Arbuckle as our CEO.”

Donaco runs one casino in Vietnam, near the Chinese border, and another in Cambodia, near the Thai border.


  • tweet
Related articles
  • Chow Tai Fook, Far East in The Star US$531mln fundraising
    Chow Tai Fook, Far East in The Star...

    Mar 16, 2023  

  • Donaco 1H Cambodia revenue up, post-tax loss US$25mln
    Donaco 1H Cambodia revenue up, post-tax...

    Mar 01, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us