Kennedy will continue to serve as executive vice chairman of the board.
Isaacs is a gaming industry executive with more than 15 years of industry leadership experience. Most recently, he served as CEO of SHFL entertainment, from April 2011 through November 2013 when the company was acquired by Bally Technologies. Previously, Isaacs served as executive vice president and chief operating officer of Bally Technologies from May 2006 through March 2011. Prior to joining Bally Technologies, he held senior roles at Aristocrat Leisure, including head of global marketing and business development, managing director of Aristocrat's London?based European subsidiary and president of Aristocrat Technologies, Aristocrat's Las Vegas?based subsidiary focused on North and South America.
Isaacs is also a trustee and former president of the International Association of Gaming Advisors.
"Gavin is a very talented and seasoned gaming industry executive with the necessary skills to lead our company to the next level of growth and performance," said Ronald O. Perelman, chairman of the board of Scientific Games in a prepared statement. "He has an impressive track record of success and is recognized for his dynamic leadership. We believe his focus on customer relationships, strategic thinking and expertise in growing innovation?focused businesses make him the ideal choice to lead our efforts to achieve greater profitability and increased cash flow."
"I am tremendously enthused to join the company at this exciting and challenging time and lead the business to the next level,” Isaacs said. “Scientific Games has a skilled worldwide organization that is focused on improving performance and growth. In collaboration with the entire Scientific Games team, I look forward to working together as we concentrate on creating and distributing innovative products and services to our customers, completing the integration of WMS and enhancing stockholder value."