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 noted that land-based operations were “materially impacted” by Covid-19 related shutdowns in the industry.
Aristocrat Chief Executive Officer and Managing Director Trevor Croker stated, “Particularly in this uncertain period, we will continue to focus on what we can control and do all we can to protect the health and wellbeing of employees, customers, and suppliers… Our strong balance sheet, ample liquidity and excellent financial fundamentals position us to emerge from this period strongly, while allowing us full optionality to continue to invest for long- term growth.”
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
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.