Sydney-listed gaming supplier Aristocrat Leisure has made an incremental investment in Las Vegas-based anti-money laundering and compliance software provider Kinectify.
Aristocrat’s investment in Kinectify is joined by current investors contributing additional capital, including Acies Investments, the Eastern Band of the Cherokee Indians, Eilers & Krejcik Gaming, and former Caesars Entertainment CEO Mark Frissora.
Alongside the investment, Jason Walbridge has joined the Kinectify board of directors as Aristocrat’s representative to enhance strategic benefits between Aristocrat and Kinectify.
Walbridge has been serving in an advisory role with Aristocrat since 2022, focused particularly on the development of its online real-money gaming business, Anaxi.
Prior to his current association with Aristocrat, he served as chief operating officer (COO) of NYX Gaming and became COO of SG Digital following NYX Gaming’s acquisition by Scientific Games (now Light & Wonder).
Preceding these two roles, Walbridge spent 18 years with Aristocrat, holding various executive positions across global markets including chief supply officer.
“I am thrilled to work with Kinectify to pioneer innovation in risk management across the gaming ecosystem,” said Walbridge. “I’ve been impressed by Kinectify’s track record so far with its AML and responsible gaming technology, and I’m excited to facilitate deeper collaboration between our companies.”
Shares in Aristocrat Leisure Ltd (ASX:ALL) closed 2.28 per cent higher at AUD$44.84 per share in Sydney Friday.