Oh, the irony of it all

Len Ainsworth, founder of Aristocrat and current Executive President of Ainsworth Game Technology was awarded with 2010 G2E Asia Visionary Award.

The industry’s leaders are gathered this week in Macau, the American Gaming Association is a co-sponsor of the G2E Asia, just as it is at G2E in Las Vegas every year.  All of the usual suspects are there, that is all of the major and game manufacturers, the gaming executives who work in the area and everyone else that hopes to be a part of and profit from gaming in Asia.  Frank Fahrenkopf, AGA CEO and president, opened the show, as he does in Las Vegas; he also released the results of a recent survey on the growth of gaming in Asia; the survey predicts gaming in Asia will over take gaming in the United States in three years as more countries authorize gaming and revenues from Macau and Singapore grow.

Although there has not been an announcement of the AGA changing its name to the International Gaming Associated, Frank is beginning to sound like Steve Wynn and Sheldon Adelson, the spokesman for an Asian industry with a presence in the United States and a man who needs to speed more time in Macau because the majority of his business is in Asia. Even more telling of the changes being wrought by Asian gaming was award of visionary of the year to Leonard Ainsworth, founder of Aristocrat and current Executive President of Ainsworth Game Technology; the award recognizes Mr. Ainsworth 60 years of leadership in the gaming industry.  A fine award to a well-deserving and truly visionary man, who, just for the record could not get a gaming license in Nevada because of his background and business practices.  Ainsworth and his family still own significant amounts of Aristocrat stock; the family was forced to put the stock in trusts before several American jurisdictions would license Aristocrat.


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June 2010
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