• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Croker strong choice as Aristocrat’s next CEO: UBS

Nov 10, 2016 Newsdesk Industry Talk, Latest News, Top of the deck, World  


Croker strong choice as Aristocrat’s next CEO: UBS

Trevor Croker (pictured) is a “strong internal appointment” as the next chief executive for Australia-based slot machine maker Aristocrat Leisure Ltd, said a note from banking group UBS AG.

Mr Croker was named on Wednesday as chief executive-elect – subject to any necessary regulatory approvals – for when current boss Jamie Odell steps down in February 2017 after eight years at the helm. The latter announcement was also given on Wednesday.

“While an external candidate was considered, an internal candidate should cause less disruption to the business, in our view,” said the note from analysts Matt Ryan, David Fabris and Catherine Mai.

The bank noted Mr Croker had joined Aristocrat in 2009 and had worked closely with Mr Odell, holding operational and strategic roles including managing director of Australia and New Zealand – also covering the Asia Pacific region. The institution added that Mr Croker had also worked as interim chief digital officer, and most recently as executive vice president global products and insights.

Aristocrat’s shares had fallen by as much as 12 percent on the Australian Securities Exchange on Wednesday – a correction greater than the overall Australian market’s decline following news of the poll victory of Donald Trump as U.S. president-elect. The casino equipment maker’s shares rallied in later Wednesday trading, closing 5.9 percent down on the day.

“Aristocrat’s market cap has increased by more than six times during Jamie Odell’s tenure and so as a result, we believe the CEO succession could concern some investors,” noted UBS in its Wednesday memo.

But the UBS team added: “The core driver of game performance (and sales) are the game designers and sales team, which remain in place.”

The bank also said the strategy of the business was “already in place”, identifying it as continuing “to grow share in core Class III markets,” a reference to casino slot machines, and to expand further into segments where Aristocrat currently had lighter penetration; including revenue participation with casino operators, digital and stepper products, and Class II video lottery gaming machines.

“Investment in the business remains high, with research and development as a percentage of sales still at approximately 11 percent, having grown by almost 100 percent in the past three years,” said UBS.


  • tweet
Related articles
  • Aristocrat heralds new MarsX Portrait slot cabinet, games
    Aristocrat heralds new MarsX Portrait...

    Feb 19, 2021  

  • Hoiana official opening scheduled for 2H 2021: UBS
    Hoiana official opening scheduled for...

    Jan 25, 2021  

More news
  • Macau VIP challenged by changes in China: Galaxy Ent boss
    Macau VIP challenged by changes in...

    Feb 25, 2021  

  • Ainsworth US$40mln half-year loss on impairment charge
    Ainsworth US$40mln half-year loss on...

    Feb 25, 2021  


Latest News

Macau VIP challenged by changes in China: Galaxy Ent boss

Macau VIP challenged by changes in China: Galaxy Ent boss

Feb 25, 2021  

Macau casino operator Galaxy Entertainment Group Ltd plans to stengthen its focus on the mass and premium mass segments of the gaming market, as the city’s VIP sector is likely to be challenged by...
Read More
Ainsworth US$40mln half-year loss on impairment charge

Ainsworth US$40mln half-year loss on impairment charge

Feb 25, 2021  

Galaxy Ent 4Q EBITDA up 207pct sequentially: firm

Galaxy Ent 4Q EBITDA up 207pct sequentially: firm

Feb 25, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$129.0 million

Adjusted EBITDA reported by Macau casino operator Galaxy Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Caesars out of Korea, ex-partner R&F asks 3yr delayCaesars out of Korea, ex-partner R&F asks 3yr delay February 19, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us