Aristocrat profit up 28.8 pct on digital and land-based business

Gaming machine manufacturer Aristocrat Leisure delivered on profit growth for the year ended September 30, 2019, boosted by the group recent digital acquisitions, along with growth in its land-based segment. 

According to a company filing on Wednesday, profit after tax increased 28.8 percent year-on-year, reaching A$698.8 million, while revenue grew 25.3 percent, reaching A$4.4 billion. EBITDA increased 11.8 percent, reflecting revenue growth.  

Aristocrat said the result was driven by continued strong operational momentum across both its land-based and digital businesses, support by currency and tax benefits. 

The gaming supplier also pointed to growth in the group’s Americas, ANZ and Digital Businesses. 

“We’ve made significant strides in bedding down recent digital acquisitions, leveraging critical assets and establishing a diversified portfolio approach, analogous to our proven Land-Based growth strategy.”

“The successful global launch and scaling of RAID: Shadow Legends, our first entry into the CRPG genre, contributed to performance generated valuable insights we will apply to future game launches and genre entry strategies, said Trevor Croker, CEO and managing director of Aristocrat. 

Donald Carducci, an analyst at JP Morgan in Australia, said that they were confident of another 12 months of land-based dominance- driven by a strong momentum of game adoption. 

Digital growth is also likely to be seen in the first half of 2020, said the analysts. 

SHARE
Previous articlePansy Ho reduces stake in MGM Resorts
Next articleSBC Awards offer great pre-Christmas networking opportunities

Related Articles

SG appoints former Aristocrat execs to board after investor changes

SG appoints former Aristocrat execs to board after investor changes

Scientific Games said it has appointed former Aristocrat CEO Jamie Odell as its executive chair and former Chief Financial Officer Toni Korsanos as executive vice chair in a boardroom reshuffle after a change in shareholders.
slot-machines

More player space on casino floors likely to become permanent

The increased space for players on gaming floors due to Covid-19 has been welcomed by clients and is likely to be a trend that is here to stay, executives from three of the world’s largest suppliers said on a panel at the Australasian Gaming Expo seminars.

Aristocrat sees movement in digital as land revenues hit by Covid-19

Aristocrat Leisure on Thursday announced its financial results for the six months ended March 31. Group revenue increased 7 percent to A$2.25 billion (US$1.5 billion), which included a 6 percent decrease in land-based revenues, but 19 percent growth in digital revenue, based on year-on-year figures. EBITDA fell 7.7 percent to A$707.6 million. The company statement […]

Aristocrat prices new US$500 million loan facility

Australia-listed Aristocrat Leisure on Monday announced the pricing of a new US$500 million term loan, with the aim of strengthening the group’s liquidity and balance sheet. The company made the announcement on the Australian Stock Exchange on Monday, noting that the Term Loan B facility will settle around 21 May 2020, with a maturity date […]

Aristocrat stands down, lays off a total of 1,200 employees

Aristocrat Leisure announced on Monday that it would be standing down approximately 1,000 of its roughly 4,000 staff members, principally in its land-based sales, service, and manufacturing operations, and furthermore laying off about 200 staff “reflecting changed priorities.” The company statement explained, “Since mid-March 2020, almost all of Aristocrat’s land-based customers globally have suspended operations. […]

Aristocrat teams with CoD Manila in food delivery

Aristocrat Entertainment said it has partnered with Melco Resorts & Entertainment’s City of Dreams Manila to donate food packages to medics.

Aristocrat may have acquisition opportunities: JPM

Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.

Next-gen Concepts

Aristocrat Technologies will display one of its broadest and most comprehensive ranges of core casino concepts at London’s ICE Show, spanning a mixture of proven, enhanced and brand new game mechanics across a wider than ever range of hardware platforms.  The 2020 collection on stand S5-150 in ExCeL’s South Hall provides a unique insight into […]

Regional growth and room to experiment are Philippine pluses

 inaugural G2E Asia @ the Philippines wrapped up on Wednesday, with suppliers at the show expressing optimism about future growth in the country, in particular regionally and the potential for product experimentation.  The two-day conference and exhibition was smaller in size than its sister shows in Las Vegas and Macau, but made up for it […]

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.