On April 8, Ainsworth Game Technology Ltd (AGT) issued named former Novomatic executive Lawrence Levy as their new Chief Executive Officer (CEO), reports GGRAsia. This move will take effect on July 1.

Levy comes with an impressive record. The new CEO has spent 37 years in the gambling industry, most recently as the vice president of global sales at Novomatic. In this capacity, he helped develop strategies that turned his former company into one of the leaders in innovative gambling technology across the globe.

Ainsworth had announced last September that their current CEO, Danny Gladstone, would be leaving the company as of June 30 of this year. The group has been looking to find an executive that can get them out of a recent slump in sales.

In February, the company reported that despite showing an increase in overall profits, its revenue dropped by 2% over the second half of 2018. In addition, the amount of profit after tax dropped by 47% in comparison to the same period of time for 2018.