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

Aristocrat

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.”

Michael Penn is a journalist and scholar based in Tokyo, Japan. As a journalist, he both writes print news articles and produces news videos. On the video side, he has several years of experience doing it all by himself: reporting the stories, shooting the video, and editing the packages. As a scholar, the bulk of his past publications have been about Japan's modern relations with the Islamic world.