Tag Archives: Trevor Croker

Aristocrat confirms £2.7bn proposed Playtech buyout

Sports betting software and online gaming supplier Playtech is set to be purchased by Australian-listed gaming manufacturer Aristocrat Leisure, which has announced a cash offer of £2.7 billion for the FTSE250 technology group.  Aristocrat aims to leverage the company to boost its revenues, ‘operate and innovate’ in the European market through the acquisition’s Snaitech division, reach a broader range of …

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Aristocrat cuts 1,000 jobs due to COVID-19

Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that it will stand down 1,000 members of staff as it seeks to mitigate the impact of COVID-19. In a statement, Aristocrat confirmed that the majority of those that will be stood down are based in the US, where the company has the majority of its staff, but has also stood …

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Steve Morro steps down as Aristocrat Non-Executive Director

Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that its Non-Executive Director Steve Morro will be stepping down from the company. The news was confirmed in the company’s 2019 annual report for the financial year ended 30 September 2019, where the technology group praised a ‘strong performance over the 2019 fiscal year.’ In a joint statement issued by Aristocrat …

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Strategic acquisitions aid Aristocrat business evolution

Copyright: nexusplexus / 123RF Stock Photo

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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Aristocrat ups Social portfolio acquiring $990 million Big Fish Games from Churchill Downs

Australia ASX100 gambling technology supplier Aristocrat Gaming has strengthened its position within the social gaming sector, acquiring Seattle-based Big Fish Games from US racing operator Churchill Downs for a reported $990 million (£735 million) cash transaction. The acquisition sees Aristocrat expand its Social Gaming portfolio, having acquired Israeli games studio Plarium Gold last August for $500 million. Updating investors, Trevor …

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Las Vegas relocation sees Toni Korsanos step down as CFO of Aristocrat Leisure

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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