The meltdown at Donaco International continued on Thursday when Paul Arbuckle tendered his resignation as CEO only six months into the job.
In accordance with his employment contract, Arbuckle has provided six months’ notice, with his final day expected to be June 4, 2020.
No reasons were given for Arbuckle’s resignation, but it follows a brutal Annual General Meeting at the beginning of the week in which Chairman Stuart McGregor as well as industry veteran David Green and Yugo Kinohsita of Aruze were removed from the board by shareholders.
This, in turn, led the Australian Stock Exchange to suspend the trading of Donaco International due to the firm no longer possessing the minimum two directors residing in Australia.
Before joining Donaco, Arbuckle was the COO at Star Gold Coast, responsible for all operating divisions. Prior to that, he was the senior vice president of casino marketing for Resorts World Sentosa.
Arbuckle has been mainly based at the Star Vegas casino in Cambodia.