Leisure Time eyes ‘next level’

Apr 9, 2002 9:24 AM

Atlanta-based Leisure Time Casinos & Resorts, Inc. recently emerged from Chapter 11 bankruptcy protection, and is now poised to grow its business that saw flashes of success in the mid-1990s.

“We have a proven product line on which to build,” Andre Hilliou, Leisure Time  president and CEO told GamingToday. “Our technology is as good as anyone’s, and that will become apparent as we move into new gaming venues.”

Leisure Time develops, Âí­manufactures, and sells video gaming machines. The company’s Pot O Gold video gaming machine features poker, blackjack, keno, slots, and bingo. The cutting edge machines feature all coinless, ticket-in technology and many other advanced design features.

Hilliou said Pot O Gold has been well-received in venues where it has been tested, including New York and California.

He said the game is slated for testing in Nevada, New Jersey and other jurisdictions over the next few months.

“As a smaller company, we can easily expand the envelope, and take our cutting edge technology two steps forward,” Hilliou said. “We plan to enter lots of new markets over the next five to six months.”

Hilliou is credited with leading the company out of Chapter 11. He was appointed President and CEO of Leisure Time last fall, and brought over 20 years of experience in the gaming industry to Âí­Leisure Time.

Formerly called U.S. Games and Leisure Time Technology, the company started as a major supplier to the Native American gaming market, ran a series of casino cruise ships, had a hotel division, gaming routes and was especially active in the South Carolina video poker market. When the latter dried up, U.S. Games lost a major segment of its customer base.

Leisure Time has always fared well in tribal gaming markets, and that continues today. Harrah’s Cherokee, for instance, has 2,300 games, more than 800 of which were supplied by Leisure Time.

Since Hilliou has taken the helm of Leisure Time, he has assembled an impressive management team and has vowed to continue to expand the business.

From 1998 through 1999 Hilliou served as CEO of American Bingo and Gaming located in South Carolina, and from 1996 through 1997 he was CEO of Aristocrat, Inc. of Reno. From 1986 until 1996 Mr. Hilliou was employed with Showboat, Inc. of Las Vegas, achieving the position of CEO of Showboat Australia in 1994.

Upon his appointment to CEO, Hilliou stated, “I look forward to the opportunity to move Leisure Time into a position of leadership and strength within the regulated gaming market as well as adding value for our creditors. We will immediately begin actively seeking licenses in several key markets where we believe our current array of games can find immediate market acceptance. We plan on introducing our superior products in new markets as well as developing new games which should help Leisure Time obtain a significantly larger share of the regulated markets.”

In addition to its Pot O Gold line of video gaming products, Leisure Time develops, manufactures and sells multi-game, touchscreen video gaming machines and software upgrades. Leisure Time also generates recurring revenue via its recent entrance into the video pulltab market.