Levy Takes Over as Ainsworth CEO

Lawrence Levy, formerly a top official of Austria’s Novomatic AG, has officially taken the reins as CEO of Ainsworth Game Technology, the Australian supplier of which Novomatic is majority shareholder.

Levy Takes Over as Ainsworth CEO

Lawrence Levy took over as chief executive officer of Ainsworth Game Technology Ltd. on July 1.

Prior to this appointment, which was announced in April, Levy has held senior positions within the gaming industry over a successful career spanning 37 years. Most recently, he was vice president of global sales for Austria’s Novomatic AG, which is the majority shareholder of Ainsworth following the purchase of the shares of founder Len Ainsworth.

Levy’s industry experience comprises of all areas in casino operations, sales and management, living and working in 19 countries across Europe, North and East Africa, Latin America, ex-Russian states and now Australia.

“I am both delighted and motivated to be given the opportunity to guide Ainsworth, a world-renowned provider of gaming technology, into its next phase of development,” Levy said in a press release. “The legacy that Len Ainsworth and (outgoing CEO) Danny Gladstone built is a great platform for me to start from. I am confident that my years in this industry, both as operator and supplier, will serve to support the innovations and developments needed to further grow our market share worldwide.”

Gladstone will remain on the board at AGT as a non-executive director. He also will assist with the orderly transition of the new CEO.

Ainsworth Chairman Graeme Campbell said, “We are pleased to welcome Lawrence to his new role as CEO. Under his leadership we look forward to Ainsworth strengthening its position as a major provider of innovative gaming technology to the global market.

“On the behalf of Ainsworth, the board and shareholders, we would like to acknowledge and thank Danny for his ongoing contributions to Ainsworth. Danny’s strategies to build our presence in the Americas, grow our recurring revenues, invest in innovation, and forge a strategic partnership with Novomatic have strengthened AGT and have built the foundations for future growth.”