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Aristocrat
hires US 'gaming legend', by Allison Jackson - 10th
July 2003
(Credit:
The Sydney Morning Herald)
Poker machine maker Aristocrat
Leisure has hired a gaming industry consultant
to help turn around the performance of its US
operations.
Describing
Bob McMonigle as an industry legend, Aristocrat
said the former executive vice-president of sales
for International Game Technology, of the US,
would play a key role in driving future sales
of poker machines in the North and South American
markets.
"In
the US gaming industry, he has legendary status,"
Aristocrat's spokesman, Alan Jury, said.
The
appointment comes just over a week after former
Tabcorp finance director David Simpson joined
Aristocrat's board.
A
statement from the president of Aristocrat's US
operations, Gavin Isaacs, said Mr McMonigle would
"provide a valuable ambassadorial service
for the company given his standing in the industry,
especially with casinos and regulators, as well
as mentoring our expanding sales force".
During
13 years at IGT, Mr McMonigle was responsible
for sales around the world and gaming development
in Colorado, Missouri, Illinois, Indiana, Mississippi,
Louisiana, Michigan, Delaware, Rhode Island and
Canada.
Market
enthusiasm for the recent appointments has been
tempered by concerns about the length of time
it was taking Aristocrat to find a new chief executive
and chairman.
"Getting
a consultant with good experience is going to
be helpful. [But] it is just one of a number of
things they have to address," a fund manager
said.
Aristocrat
sacked former chief executive Des Randall after
the company was forced to downgrade full-year
profit forecasts by $28.8 million because of a
failed contract in South America and weaker-than-expected
US performance.
Mr
Randall subsequently launched legal action against
Aristocrat claiming the company owed him almost
$13 million.
Shares
in Aristocrat rose 2c yesterday to $1.51.
Links:
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Sydney Morning Herald
Official
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