Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed the appointment of Jeff Karp as Managing Director & President of Big Fish Games, heading up its recently acquired social gaming subsidiary. Seeking to diversify its corporate entity beyond casino technologies, in December 2017 Aristocrat completed its $1 billion acquisition of Seattle-based Big Fish, from former owner Churchill Downs. Regarded as …
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Aristocrat Leisure has reported a strong 2017 showing, “against a backdrop of broadly flat markets and increasing pressure from existing and new competitors”. Speaking at the firm’s annual general meeting, Trevor Croker, Aristocrat CEO, highlighted a fiscal year rise of 15% in group revenue in reported terms, to a record result of more than $2.45b. Earnings before EBITDA also rose …
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Australia ASX-listed gambling technology firm Aristocrat Leisure is seeking a new Chief Financial Officer (CFO), following the decision of current incumbent Toni Korsanos not to relocate to Las Vegas. Following a corporate restructure, Aristocrat has plans to relocate its executive management team to Las Vegas, moving the company closer to its main market. However, Korsanos who has acted as CFO …
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Updating the market, New York-listed gambling technology provider IGT Plc has announced that it has reached a comprehensive cross-licensing agreement with Aristocrat Leisure Limited (Aristocrat). IGT governance confirmed that the agreement would cover intellectual property involving game features and system patents between the two firms. Having committed to the licensing agreement terms, the participating firms have agreed to settle all outstanding litigation …
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Gambling technology provider Aristocrat Leisure has confirmed the sale of it Japanese division to Fields Corp, a Japanese gaming machines manufacturer who specialises in pachinko style games content. Following a strategic review of its operations, Aristocrat governance decided it was best to sell its Japanese operations, which consist of KK Aristocrat and KK Spikey products and services. The company had …
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