101°F
weather icon Clear

Gavin Isaacs leaves Scientific Games, but remains as consultant

Updated December 10, 2018 - 4:38 pm

One of the top U.S. gaming industry executives is back on the job market. But if analysts are correct, Gavin Isaacs won’t be unemployed for long.

Isaacs, 54, stepped down Dec. 3 as vice chairman of Scientific Games after more than two years in that role. He will remain as a consultant until the end of the year.

“Not retiring, just time for a change,” Isaacs told the Las Vegas Review-Journal. “I am planning what my next steps will be. I am committed to getting back into the gaming industry, which I love. Not exactly sure in what capacity yet.”

Isaacs has been praised by gaming analysts during his 20-year career in the industry as an effective executive who has delivered growth.

Stifel analyst Steven Wieczynski said in a 2016 note that Isaacs had “cult” status among investors, while then-Wells Fargo analyst Cameron McKnight said he is “extremely well-respected in the equipment industry.”

The Australian began his gaming career with Aristocrat in 1998 before jumping to Bally Technologies in 2006 as chief operating officer. He joined SHFL entertainment as CEO in 2011 and sold it to his former employer Bally in 2013.

Isaacs was then tapped by Scientific Games majority owner Ron Perelman in June 2014 to run the behemoth slot manufacturer he was creating through acquisitions.

Scientific Games bought WMS Industries in 2013 for $1.5 billion and then announced it was buying Bally Technologies for $5.1 billion just six weeks before Perelman hired Isaacs.

Isaacs was tasked with organizing the new acquisition, but Perelman replaced Isaacs two years later with Kevin Sheehan. He kept the Australian on as vice chairman of the board. Isaacs left Scientific Games once his noncompete agreement expired.

Isaacs said he plans to remain in Las Vegas.

“Las Vegas is my home. I’m not changing that!” he said.

Contact Todd Prince at 702-383-0386 or tprince@reviewjournal.com. Follow @toddprincetv on Twitter.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Lawsuit accuses Encore Boston Harbor of cheating gamblers

The suit by New York resident Richard Schuster says the Everett casino is paying out less for certain winning hands at blackjack and rounding down payouts from slot machines. It was filed Monday in Middlesex County Superior Court.

MGM’s exclusive Mansion celebrates 20 years

One of the most exclusive hotels in the United States, The Mansion was inspired by an 18th-century villa in the Florence countryside.