Professional Documents
Culture Documents
Traded as ASX: ALL
Industry Gambling
Headquarters Sydney
,
Australia
Contents
1History
2Products and partnerships
3References
4External links
History[edit]
The company produced its first machine in 1953, and was listed on the Australian Stock
Exchange in 1996. The company was founded by Len Ainsworth, whose
family[1] maintains a substantial stake in the company, but is now chairman of a different
gaming company, Ainsworth Game Technology. Aristocrat is licensed to distribute slot
machines and other gaming products in over 200 jurisdictions (note that many
countries, such as Australia, have a number of different gaming-licence jurisdictions).
Aristocrat's CEO blamed the US subprime mortgage crisis for poor financial results in
2008,[2] despite the fact that competing companies have experienced record growth [3] in
the same time period. As a result of the expected drop in revenue, the CEO enacted
sweeping budget cuts, including large-scale retrenchments of staff from all areas of the
business.[4] The company again faced difficult market conditions in 2009 with its full year
resulting in a net loss of $157.8 million.[5]
In 2011, the company reached an agreement with the AGLC to provide equipment and
games for Alberta's video lottery terminal network.[6]
In July 2014 Aristocrat agreed to buy Video Gaming Technologies for about $1.3 billion
to triple its North American business amid falling profit in Australia. [7] On August 10,
2017, it acquired mobile game developer Plarium for $500 million to enter into mobile
gaming.[8] On November 30, 2017, it acquired mobile game developer Big Fish
Games for US$990 million.[9]
Since March 2017, the CEO has been Trevor Croker, formerly executive vice president
for global products, who succeeded Jamie Odell. [10][11]
In July 2019, Aristocrat sued Ainsworth, alleging that they had used proprietary code
and media assets leaked by a former Aristocrat employee to produce a clone of its
popular Lightning Link games.[12][13]
Products and partnerships