Aristocrat Leisure has announced its financial results for the year ended September 30, 2020, noting that its normalized profit after tax and before amortisation of acquired intangibles (NPATA) came in at A$476.6 million (US$348 million), representing a decrease of 46.7 percent. Group revenue decreased 5.9 percent to A$4.1 billion, reflecting a 32 percent decrease in Aristocrat Gaming (Land-based) revenue, but largely offset by 29 percent growth in Aristocrat Digital revenue.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
At least 1,209 companies, or 96 percent of businesses, have resumed operations in Clark Freeport this month, putting back to work workers almost ten months after the coronavirus pandemic slowed down the world’s economy.
The CNMI House Committee on Gaming, now controlled by Democratic Party critics of Imperial Pacific International for the first time, is demanding that the company develop a culture of compliance, beginning initially with fair treatment of the stranded foreign workers.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.