Australia – Australian gambling machine manufacturer and slot developer known for its titles including Big Red,
Batgirl & Catwoman and Dumb & Dumber; Aristocrat Leisure, has today announced that it is ruducing running costs and mitigating the impact of Covid-19 by standing down one thousand staff members and cutting around 200 jobs permanently.
In addition, the firm, which is based in Sydney, Australia, is imposing pay cuts on staff and management and will not declare a dividend as it battles the Coronavirus pandemic.
Trevor Croker, chief executive officer of Aristocrat commented on the news:
“We are very sensitive to the impact of necessary cost reduction measures on our people, and will work hard to support them through this difficult time consistent with our ‘people first’ approach. We believe that these changes will help maximise opportunities for Aristocrat’s dedicated and talented people over the longer term.”
Croker, who has been at the firm for eleven years since departing the Fosters Group, now Carlton & United Breweries, added:
“We will continue to do everything we can to restore momentum in our land-based business as quickly as possible recognising the importance of continuing to develop and deliver game content during this period. These changes, and other prudent steps we are taking as part of our COVID-19 response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty.”
Finally, Trevor Croker concluded by explaining how the pandemic is affecting both online and offline operations:
“We are highly focused on protecting and leveraging our strategic advantages, including industry-leading Design & Development and effective User Acquisition investment, which Aristocrat will continue to prioritise.
In land-based, we will ensure the business is ideally poised to partner our customers and grow as conditions improve, while in digital we remain fully focused on executing our growth plans and maximising opportunities at this time.”
Aristocrat Leisure Limited is an ASX50 listed company and one of the world’s leading providers of gaming solutions, which is licensed in 240 gaming jurisdictions and operates in 90+ countries around the world, with a team of over 3500 employees.