Multimedia Games Fills Newly Created COO Position
September 17, 2008
Gaming technology developer and distributor Multimedia Games of Austin,
Texas announced that Patrick Ramsey has been appointed to the newly created
position of chief operating officer.
For the last six years, Ramsey served in various executive and operational positions with Harrah's Entertainment, most recently as vice president and executive associate to the vice chairman at Harrah's corporate headquarters in Las Vegas. He also has significant slot operation experience, having served as vice president of slots & security at the Harrah's-owned Caesars Atlantic City, where he was responsible for maximizing the performance of over 3,000 gaming devices, which generated more than $400 million in annual revenue.
In his role as COO, Ramsey will work closely with Multimedia Games customers to maximize revenue from the company's revenue-sharing agreements including more than 15,000 gaming units in operation domestically and internationally. Maximizing the win-per-unit performance of this installed base brings economic benefits to Multimedia's customers and the company's shareholders.
’My goal is to build upon the operational excellence Multimedia Games has demonstrated for its customers and to translate this strength into shareholder value," Ramsey said.
Ramsey has been granted stock options of 300,000 shares and is tying the majority of his compensation to the future success of the company.
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