Friday, March 1, 2024
HomeNewsAustraliaAristocrat posts 41% profit surge, accelerates online RMG investment

Aristocrat posts 41% profit surge, accelerates online RMG investment

FOLLOW US

Despite mixed operating conditions and supply chain disruptions, Australia-listed Aristocrat Leisure reports a 41 percent increase in NPATA in the six months ended March 31, 2022, and says it is accelerating its investments in the online real money gaming space. 

NPATA reached A$580 million (US$403.8 million), which Aristocrat says reflects effective execution of its strategy and increasing business capability and resistance. EBITDA was 30 percent higher than the prior-year period, reaching A$970 million. 

Aristocrat said this was achieved despite mixed operating conditions and challenges including the outbreak of hostilities in Ukraine in February, moderation in mobile game demand post Covid-19 and ongoing global supply chain disruptions. 

“We are accelerating the implementation of our ‘build and buy’ strategy to scale in online Real Money Gaming, which provides further channels for us to distribute our world-leading content,” said Trevor Croker, Aristocrat chief executive officer and managing director. 

“Our ambition is to be the leading gaming platform in the global online RMG industry, and we anticipate being live with iGaming products in two jurisdictions in the U.S. by the end of calendar year 2022.”

Looking ahead, Aristocrat said is planning for continued growth, assuming no material change in economic and industry conditions.

Felix Ng
Felix Nghttps://agbrief.com/about-asia-gaming-brief/
Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.

RELATED ARTICLES