• 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

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
  • Konami, Aristocrat stocks help lift AGEM Index in May
    Konami, Aristocrat stocks help lift...

    Jun 06, 2022  

  • JP Morgan ups Aristocrat profit forecast 8pct for FY2022
    JP Morgan ups Aristocrat profit...

    May 20, 2022  

More news
  • Covid-19 test certificate to enter Macau casinos
    Covid-19 test certificate to enter...

    Jun 27, 2022  

  • Parisian quarantine hotel as Macau Covid cases near 360
    Parisian quarantine hotel as Macau...

    Jun 27, 2022  


Latest News

Covid-19 test certificate to enter Macau casinos

Covid-19 test certificate to enter Macau casinos

Jun 27, 2022  

Macau’s health authorities said on Sunday that they would require all people wishing to enter the city’s casinos not only to have their body temperature measured and to display a...
Read More
Parisian quarantine hotel as Macau Covid cases near 360

Parisian quarantine hotel as Macau Covid cases near 360

Jun 27, 2022  

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Maybe new Macau mass Covid test, community spread stillMaybe new Macau mass Covid test, community spread still June 24, 2022
  • Blackstone clinches US$6.15bln takeover of Crown ResortsBlackstone clinches US$6.15bln takeover of Crown Resorts June 24, 2022
  • Alvin Chau, Suncity trial set for September 2: courtAlvin Chau, Suncity trial set for September 2: court June 20, 2022
  • Jeju still studying online gaming for its casinos: govtJeju still studying online gaming for its casinos: govt June 24, 2022
  • Okada Manila control dispute back in court: UniversalOkada Manila control dispute back in court: Universal June 22, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us