Aristocrat Entertainment’s entry into the real money online gaming space is a matter of when not if and it’s strategy is likely to be to build the business through acquisitions, J.P. Morgan analyst Don Carducci wrote in a note commenting on the company’s latest earnings report.
“We assume multiple acquisitions of small-to-medium size, as cash remains ALL’s lever for digital & additional investment/acquisitions to vertically integrate a strategy,” he wrote.
J.P. Morgan expects digital gaming revenue growth will rise 4.5 percent in H1,2021 to $1.09 billion and for the second half to be up 8.2 percent supported by new social gaming titles.
Futurist and entrepreneur Earle Hall, CEO of AXES reflects on the sixteen predictions made nearly 12 months ago during the AGB Webinar: Life After Covid-19, which looked at how business and personal and work-life would change as a result of the pandemic.
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.