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Gordon Graves

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Gordon Graves

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  1. Gordon Graves was CEO of Datatrol, Inc. when that company won a contract to install the first on-line lottery system in Michigan in 1976. The company installed the first on-line lotto system in the world in Canada in 1978 and, after Graves had left, went on to become GTECH, the largest lottery supplier in the world. In 1981, Gordon founded a company called Syntech, Inc. that developed the first player-activated lottery terminal, the first microcomputer-based redundant central determinant system, and the first touch-screen gaming terminal. In 1986, Graves sold control of Syntech to IGT, and he not only participated in IGT’s entry into the lottery business, but also was involved in the development of MegaBucks, the first progressive slot machine game.In 1990, Gordon founded TV Bingo, Inc., which evolved into Austin-based Multimedia Games, Inc. (MGAM). He became CEO of MGAM in 1994 and, in 2003, was named “best performing Chief Executive Officer in the gaming industry” during an awards ceremony hosted by the American Gaming Association in Las Vegas, Nevada. “To put it in perspective, Mr. Graves was underpaid as CEO of Multimedia Games for the past three years by nearly 100 percent, based on the criteria used by our company,” said Stephen Goebels, a representative of HVS Executive Search, who presented the award. “Our criteria are based on the performance of the company over a three-year period, market capitalization, stock price and return to the investor,” explained Goebels. “Multimedia Games excelled in all of these levels.”Prior to this award being presented to Gordon, Investor’s Business Daily newspaper reported that MGAM market value had increased at the highest rate of any company on Wall Street in 2001.Gordon retired from MGAM in 2003. Today he serves as Chairman of Aces Wired, Inc, the largest bingo distributor in Texas and operator of Amusement with Prize centers across the state. He also established and funded The Graves Foundation, a charitable foundation supporting health and education initiatives in Texas. He also serves as chairman of the board of Graves Management, Inc. (GMI). GMI is an investment management company that directs most of the assets of the Graves family. Those assets are invested in a wide spectrum of financial instruments and market segments, with the heaviest concentration in the gaming sector. Gordon Graves Public Gaming Research Institute’s Lottery Industry Hall of Fame REASON FOR SELECTION : Gordon Graves was selected for the Lottery Industry Hall of Fame for his pioneering leadership in the development of on-line computer systems for lotteries and for his leadership in developingplayer activated terminals for the sale of lottery products.

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