Corporate Information
Company revenue during 2004 was in excess of $1.1 billion Australian dollars. 2080 persons are employed by the company. Its current CEO is Jamie Odell. This is in contrast to earlier financial crises that the company has suffered, mainly associated with licence rejections in Nevada and dishonoured contracts in South America.
Aristocrat's CEO has blamed the US Subprime Crisis for bad financial results in 2008, despite the fact that competing companies have experienced record growth in the same time period. As a result of the expected drop in revenue, the CEO has enacted sweeping budget cuts, including large-scale retrenchments of staff from all areas of the business. The company again faced difficult market conditions in 2009 with their full year resulting in a net loss of $157.8 million.
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