By Andrew Starke

Gaming giant Aristocrat Leisure has announced that David Banks has been nominated by its board as a non-executive director, subject to regulatory approvals.

The appointment will be effective from November 15.

Banks has more than 25 years experience in the industrial, entertainment and gaming industries in financial, operating and strategic planning roles.

Previously the CEO (Casinos Division) of Tabcorp Holdings and CEO of Star City Holdings, Banks was most recently the group chief operating officer of Galaxy Entertainment Group based in Macau.

He is a former president of the Australian Casinos Association and a former director of the Australian Gambling Council.

Shareholders will be asked to appoint Banks as a director of the company at the 2011 Annual General Meeting.

His appointment will not to take effect until the receipt of all relevant regulatory pre-approvals.

“I am delighted to welcome a director of David’s calibre to the Board,” said Aristocrat’s chairman (elect) Dr Ian Blackburne.

“His deep industry knowledge and insights, in particular in the Australian and Macau markets, will be a valuable addition to the Board and the Company as a whole. I congratulate David on his nomination and look forward to his contribution.”

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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