Aristocrat Execs' Live the High Life

15 December 2003

AUSTRALIA – As reported by the (Australia) Age: "Senior executives of Aristocrat Leisure are used to living life in the fast lane at company expense, Allison Jackson writes.

"Just a few weeks after reporting a $32.9 million (US$24.4 million) first-half loss in August, poker machine maker Aristocrat's acting chief executive David Creary and a coterie of senior executives and directors flew to Las Vegas and checked into one of the world's most expensive casino complexes, the Bellagio.

"After a tumultuous six months, in which the company's share price tumbled more than 60 per cent, wiping more than $1 billion off its value, Creary and his colleagues left their worries on the tarmac at Sydney's airport and kicked up their heels, five-star style, in the casino capital of the world.

"Aristocrat's senior executives and directors have a history of spending company money on generous salaries for themselves, expensive houses and lavish furnishings.

"The former chief executive, Des Randall, who was sacked in April after a $28.8 million (US$24.4 million) profit downgrade, divided his time between the company's $4.1 million house in Balmoral and a house next to a golf course in the Anthem Country Club development, an exclusive suburb of Las Vegas and home to Hollywood actors and music stars, which he bought courtesy of a $2.6 million (US$1.9 million) interest-only loan from Aristocrat.

"…Against this backdrop of corporate extravagance, Aristocrat's chief operating officer David Creary, 55, is alleged to have carried out more than $22,500 in improvements to two of his houses on Sydney's northern beaches. The costs were invoiced back to the company.

"…David Creary is no stranger to controversy. He found himself in hot water last year when he was grilled over evidence he gave in an alleged $70,000 fraud.

"…Former colleagues described Creary as a talented salesman who knew how to `cut a deal'…"


Related Links
Aristocrat Technologies, Inc. Gaming Vendor Information

Featured Vendors
Oklahoma Indian Gaming Association (OIGA) Conference
Casino City Press
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Global Gaming Expo (G2E)
Plastic Card ID
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Plastic Card ID
The World’s Lowest Prices on Printed Plastic Cards and Card Printers!
Talisman Group Creators of EZ Baccarat
Rymax Marketing Services, Inc.
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Slot Machines Unlimited
Betson Imperial Parts & Service
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
TDN Money Systems
Casino Network
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
AmericanChecked
Imagine This
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Casino Schedule Ease
Sunkist Graphics, Inc.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Broadband Hospitality
Kallop
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
TOP ONE TECH LIMITED
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application


Your Guide to 15,347 Gaming Industry Suppliers