• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Aristocrat’s Fernandez to head land-based gaming biz

Feb 24, 2022 Newsdesk Industry Talk, Latest News, Top of the deck, World  


Aristocrat’s Fernandez to head land-based gaming biz

Slot machine maker and online games provider Aristocrat Leisure Ltd said on Thursday that Hector Fernandez would be the new chief executive of Aristocrat Gaming, the group’s unit for land-based gaming products and services.

The news was given by Trevor Croker, the group CEO, in an address to the annual general meeting.

At the same time, Mitchell Bowen, who had been chief executive of the land-based business, is to head a new business unit of the group that will work to expand the brand’s online real-money gaming segment.

Mr Fernandez joined the Aristocrat group just over three years ago, as chief financial officer of Aristocrat Americas, before being made president of that unit in mid-2019.

In Thursday’s statement, Mr Croker said: “Throughout his time at Aristocrat, Hector has championed fresh thinking and high performance and worked with a talented team to solidify our Americas business as the market pacesetter, and the supplier of choice.”

Discussing Mr Bowen’s move, the group CEO said the Aristocrat brand had been “investing in building online real-money gaming capabilities in-house over the past year”.

Mr Croker added the global business would “invest strongly in building out our own online real-money gaming platform infrastructure while also undertaking select merger and acquisition partnerships, and talent acquisitions to accelerate progress wherever appropriate.”

The group boss said that Mr Bowen’s “strategic and operational impact” had been “evident” in the three years he had led the land-based business, which had seen “outstanding momentum” and recovery from Covid-19 related disruptions, as well as “excellent staff engagement and an unwavering customer focus”.

The new real-money gaming unit will be the third element in the Aristocrat brand’s corporate structure, alongside Aristocrat Gaming and Pixel United. The latter was formerly known as Aristocrat Digital, and is the umbrella for the group’s social gaming brands, Product Madness, Plarium and Big Fish Games.

In other commentary for Thursday’s annual general meeting, Neil Chatfield, the group chairman, told shareholders that although there had been a “disappointing outcome” regarding Aristocrat Leisure’s circa AUD3.9-billion (US$2.8 billion) cash offer to take over gaming software provider Playtech Plc, the firm would maintain a “disciplined” merger and acquisition strategy.

“While we will be ambitious and flexible in pursuing opportunities, we will never compromise on this core commitment just to get a deal done or for short-term expedience,” stated Mr Chatfield.

In November, Aristocrat Leisure reported annual revenues up 14.4 percent, and profit up 81.4 percent, year-on-year.

 


  • tweet
Related articles
  • Aristocrat biz performance ‘encouraging’: CEO Croker
    Aristocrat biz performance...

    Feb 24, 2023  

  • Aristocrat completes acquisition of Roxor Gaming
    Aristocrat completes acquisition...

    Feb 03, 2023  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us