Australian slot manufacturer Ainsworth Game Technology, which recently became majority-owned by Austria’s Novomatic AG, announced last week that Mike Dreitzer, president of Ainsworth Game North America, has resigned, and will leave the company on February 16.
Danny Gladstone, the parent company’s chief executive, said in a filing with the U.S. Securities and Exchange Commission that Ainsworth’s North American headquarters in Las Vegas will be run by its “highly capable local management team” while “a suitable replacement is secured.”
“We look forward to recruiting a new president to continue to grow our North American operations and successfully execute our strategy,” Gladstone said in the prepared statement. “Under Mike’s leadership, Ainsworth Game’s North American operations have grown strongly to over AUD100 million (US$80.1 million) of revenues, as part of Ainsworth’s strategy to grow international revenues and higher-quality earnings. Ainsworth Game also integrated Nova Technologies to increase its machines on participation and opened the new facility in Las Vegas to enhance the company’s profile in this key market.”
Novomatic finalized the purchase of the 52 percent stake in Ainsworth of company founder Len Ainsworth on January 5. In a press release, Novomatic said the company’s plan was to use the acquisition “to increase market share in the United States to about 10 percent over the next five years.”
