• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 27 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Donaco elevates Leo Chan, Kurkye Wong to executive director roles following mass clean-out

Ben Blaschke by Ben Blaschke
Tue 11 Feb 2020 at 06:55
Deconstructing  Donaco

Star Vegas in Poipet, Cambodia

45
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Donaco International Limited has announced that board members Leo Chan and Kurkye Wong – the two board representatives of institutional investor Argyle Street Management Limited (ASM) whose subsidiary, On Nut Road Limited, acquired a 19.25% stake in Donaco in July 2019 – have been appointed as executive directors.

Their elevation, having originally been appointed non-executive directors in August following the ousting of company founders Joey and Ben Lim, is the latest in a series of changes to Donaco’s executive structure which included the departure of three other board members – Stuart McGregor, David Green and Yugo Kinoshita – at the AGM in November. Long-time General Counsel and Company Secretary Ben Reichel is also departing this week.

As executive directors, Chan and Wong will work on legal, operational and financial matters for the company, Donaco said, including corporate activity and strategic projects as well as investor relations matters.

The duo, to be based in Hong Kong, have signed employment contracts that will see them paid annual salaries of AU$200,000.

ASM’s acquisition of a 19.25% stake in Donaco last year represented a majority of the 27.25% stake seized from Joey Lim by Asian investment firm Orchard Capital Partners after he defaulted on a loan repayment in November 2018.

Both Chan and Wong also sit on the board of ASM with Chan, an Executive Director of the company, boasting more than 13 years’ experience in making and managing investments throughout Asia.

Wong, who has previously worked at KPMG and FTI Consulting in Hong Kong, is Vice President at ASM and holds a Bachelor of Business from the Queensland University of Technology, a Juris Doctor from the Chinese University of Hong Kong and a Master’s Degree in Financial Engineering from Stanford University.

Share18Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

10 Years Ago: Next Stop Japan

Osaka-based forum to study the potential impact of MGM’s Japan IR on Korea’s casino industry

by Newsdesk
Wed 27 Aug 2025 at 05:40

The Korea Casino Tourism Association and Korea Tourism Society will this week host a two-day forum in Osaka, Japan where they will study the likely impact of the US$9 billion MGM Osaka integrated resort project on South Korea’s casino industry....

Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Ainsworth and Novomatic terminate scheme of arrangement following revolt by shareholder block, unconditional takeover offer remains

by Ben Blaschke
Wed 27 Aug 2025 at 05:17

Australian slot machine and games developer Ainsworth Game Technology Limited (AGT) and its parent company Novomatic AG have terminated a scheme of arrangement under which Novomatic was looking to take 100% ownership, confirming they have deemed it unlikely that specific...

The Mall | NUSTAR Cebu wins three awards at 13th PropertyGuru Philippines Property Awards

The Mall | NUSTAR Cebu wins three awards at 13th PropertyGuru Philippines Property Awards

by Newsdesk
Wed 27 Aug 2025 at 04:49

NUSTAR Resort & Casino’s The Mall | NUSTAR Cebu has taken home three awards at the 13th PropertyGuru Philippines Property Awards, honored for Best Retail Development, Best Retail Architectural Design, and Best Retail Interior Design. Described as the flagship luxury...

Tak Chun boss Levo Chan to make mandatory cash offer for additional 29% stake in Macau Legend

Macau Legend to recognize US$165 million impairment on loss of satellite casino operations at Legend Palace

by Ben Blaschke
Wed 27 Aug 2025 at 04:39

Macau Legend Development Ltd will recognize an impairment loss of HK$1.29 billion (US$165 million) in its interim results due to the decision by SJM Resorts S.A. to close down its Macau satellite casino operations by the end of this year,...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English