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Ainsworth North America boss moves to UNLV role

Australia-based slot machine maker Ainsworth Game Technology Ltd says Joseph Bertolone has resigned from his role as the firm’s president – North America, with effect from Friday.

In a filing to the Australian Securities Exchange the same day, the group said Mr Bertolone was taking up a new role as executive director of the International Center for Gaming Regulation at the University of Nevada, Las Vegas (UNLV), in the United States.

In prepared remarks contained in Friday’s filing, Lawrence Levy, Ainsworth’s chief executive said: “We thank Joseph for his valuable contribution to Ainsworth. Ainsworth’s North American business has delivered strong results and has put in place strong foundations for future success.”

Ainsworth’s existing “experienced” executive team for North America would continue to manage that business under Mr Levy’s direction in order – in the CEO’s words – to “grow” the business, the filing added.

In August Ainsworth said that revenue for a business segment referred to as “the Americas” in fiscal year ending June 30 was up 1.2 percent year-on-year, to AUD186.7 million.

On October 4 Ainsworth announced in a filing that Kieran Power, its incumbent chief technology officer, had resigned. The firm reiterated in that filing that it was reviewing its research and development strategy and that the restructuring of its product development effort was “currently under way”.