Ainsworth Game Technology has appointed former Novomatic vice president of global sales, Lawrence Levy, as chief executive officer.
The appointment will take effect on July 1st and Levy will receive an annual base salary of AS$700,000. He will also be entitled to an “at risk” bonus of $300,000 per year and a long-term incentive of $100,000.
Levy has held senior positions within the gaming industry over a successful career spanning 37 years.
“Lawrence is a highly respected and experienced gaming executive and I am confident that he will further assist the company achieve its strategies to become a leading provider of innovative gaming technology to the global market,” said Ainsworth Chairman Graeme Campbell.
The so-called “Don of Yokohama,” Chairman Yukio Fujiki of the Yokohama Port Harbor Resort Association, effectively declared political war on Monday on all local politicians who support IR development in the city in defiance of the will of the public majority.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.