GGB is committed to providing updated news and analysis on our weekly news site,

Aristocrat Names New CEO

Australia’s Aristocrat Leisure Ltd., the world’s second-largest slot manufacturer, has named Jamie Odell, a former top executive of the Foster’s beer company, as chief executive and managing director. Odell replaces Paul Oneile, who stepped down from the company’s top post in September.

Odell was formerly a divisional managing director of Foster’s Group in charge of its beers, wines, spirits and soft drinks businesses in the Asia-Pacific region. He resigned from Foster’s in December, after being passed over for the top job there when former chief executive Trevor O’Hoy left.

Odell joins Aristocrat as the slot-maker struggles to overcome an extended period of sluggish results, headed up by flat sales in the Americas. His annual A$1.25 million salary is subject to a 100 percent bonus depending on meeting financial and sales targets.

Oneile had been expected to stay in his post until his contract expired December 31, but left unexpectedly in September, causing the company’s board to accelerate the search for a replacement. Board Chairman David Simpson has been serving as CEO in the interim.

Aristocrat’s shares, down some 65 percent for the past 12-month period, rose 5 cents to A$3.90 on the news of the appointment.

    Recent Feature Articles

  • A Good Bet

    As AGS prepares to return to private ownership, stock analysts and industry experts acknowledge that the company’s future is a good bet, private or public.

  • Taxing Problem

    Wagering tax hikes could shrink markets, have unintended consequences.

  • Cashless Crescendo

    The ongoing migration to a cashless casino experience.

  • Hold for Gold, Spin to Win

    Why hold-and-spin games have come to dominate the slot industry.

  • Ronnie Johns: A Life in the Hot Seat

    Following three years as chairman of the Louisiana Gaming Control Board and close to 40 years in public service, Ronnie Johns steps down.