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.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
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.