Shares in Crown Resorts slipped for a second day as analysts begin to mull the impact of the potential loss of a casino license at the company’s flagship property in Melbourne.
Sightline Payments and Aristocrat Technologies have announced a partnership to deliver cashless gaming solutions through Aristocrat Gaming’s Oasis 360 casino management system.
Counsel for a Royal Commission inquiry into Crown Resorts in the Australian state of Victoria has recommended that the company be stripped of its Melbourne license as the problems run too deep for corporate reform.
No doubt, limits on customer numbers and distancing has hurt casino gaming revenue over the past year, but gaming industry executive David Croft says the increased spacing hasn’t hurt yields as much as one would expect.
Starting from midnight on Monday, SkyCity Entertainment Group’s Adelaide casino and entertainment facilities have closed due to new state-wide Covid restrictions.
Australia has more than 8,000 bars, pubs and clubs, with many licensed to offer some kind of gaming product, over and above its regulated casinos, which should on the face of it provide an interesting opportunity for global suppliers.
Demand for Aristocrat Leisure's products has been strong in Australia and New Zealand, but issues affecting global supply chains may impact sales in the second half of the 2021 fiscal year, J.P. Morgan said in a note.