Slot manufacturer American Gaming Systems announced that Bob Miodunski, the former Alliance Gaming chief who has positioned the Las Vegas-based Class II supplier as a new force in the Class III gaming market, will retire from his position as chairman, president and CEO of the manufacturer later this year.
AGS has named David Lopez, former president and CEO of leading cash-handling equipment supplier Global Cash Access, as the slot-maker’s new president and CEO, effective pending regulatory approvals.
Miodunski was lured out of retirement in 2010 by AGS’ parent company, San Francisco-based Alpine Investors, and has guided the company through a period of growth and expansion, culminating with the December 2013 acquisition of AGS by affiliates of Apollo Global Management, LLC.
“I want to thank Bob for his strong leadership and for leaving the company in an excellent position to take advantage of substantial growth opportunities,” said David Sambur, a partner at Apollo Global Management, LLC and a director of the holding company that owns AGS. “We are also excited and pleased to welcome David Lopez as CEO and we are confident that his diverse experience in gaming supply and his strong track record will take AGS to the next level.”
“I am very pleased that David Lopez will succeed me as CEO of AGS,” said Miodunski. “The company is uniquely positioned to benefit from David’s insight and expertise. I am confident that David is well prepared to guide the company’s strategy going forward.”
“I am excited about this compelling opportunity,” said Lopez, “and look forward to working with our employees, suppliers and customers to transform AGS into a formidable gaming supplier. I’d also like to thank Bob Miodunski for positioning the company for success and future growth.”
Prior to his top post at GCA, Lopez was chief operating officer of Shuffle Master Inc. During his 14-year tenure with Shuffle Master, he held various positions within the organization, including interim CEO, executive vice president, president of the Americas and vice president of product management, as well as serving as a member of its board of directors.
Lopez’s appointment will require him to file gaming applications with the appropriate jurisdictions where AGS is licensed