Robert Nihon Jr. is reported to have resigned from Dynasty Gaming. According to the words of Albert Barbusci, the CEO of the company, the reason for Mr. Nihon’s leaving is his father’s death and “the need to assume a leadership role in his family business”. On the other hand, some sources say that Robert’s resignation is connected with the current turmoil at the company and the absence of a clear business model.
This year, Dynasty Gaming has managed to sign deals with such companies as Sohu, Sino Strategic international, Las Vegas From Home, MahjongClub.com NextMart, Evolution Gaming Ltd, and Shanda Interactive Entertainment – all having millions of registered users. Despite it, the company’s share price has dropped to CAD$0,19 from $1.10. Such a situation cannot but worry the investors. Moreover, there is no appropriate communication from the company what is the reason for investors and shareholders’ dissatisfaction.