Donaco International Ltd has announced one of the Thai vendors of the land upon which the company’s Star Vegas Resort in Cambodia sits, Lee Bug Huy, as its new Chief Executive Officer.
The appointment of Lee, whose full name is Techatut Sukcharoenkraisri, is effective as of 3 September 2020 with the former Vice President of Gaming and Casino Management at Star Vegas replacing recently departed Paul Arbuckle in the role.
Lee will remain an executive director of the company, joined by two new Australian-based, non-executive directors in Andrew Phillips and Issaraya Intrapaiboon.
Chairman Mel Ashton and director Simon Vertullo have resigned from the board, with Paul Porntat Amatavivadhana the new non-executive Chairman.
“We are focusing on our strategy to move forward and build Donaco to its highest potential,” said Amatavivadhana.
“We are also extremely pleased by the appointment of Lee Bug Huy as our new CEO, who brings considerable expertise in the casino and gaming industries. Lee is highly regarded in the gaming and leisure industry and we are confident his experience and drive will lead Donaco forward once the casinos will be fully operational.”
Donaco announced earlier this week a loss of AU$59 million for the year ended 30 June 2020 as it awaits the reopening of its casinos in Cambodia and Vietnam.
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