Sunday, June 16, 2024
HomeNewsAustraliaAristocrat seen buying into real money online space

Aristocrat seen buying into real money online space

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.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.



daily newsletter