[There are] people that play across all different verticals, whether it’s retail, whether it’s social, and whether it’s real money. What we’ve seen today in the markets that have established those three verticals already is that there is incremental opportunity<\/strong>,” stated Aristocrat Leisure CEO Trevor Croker.<\/p><\/blockquote>\nCroker added that Aristocrat initially focused on providing an online platform to its B2B customers. Next, however, he opened the door to launching its online gambling products directly to consumers.<\/p>\n
Aristocrat Financial Health Recovering<\/h2>\n Aristocrat also provided a half-year financial update. Its net profit (after amortization and tax) was $580 million (US$404.9 million). This is a strong, 41% improvement over the same period last year, when COVID-19 shut down many casinos.<\/p>\n
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It’s also 12 percentage points ahead of the market consensus, giving Aristocrat additional strength. Net profit after tax increased 46% to $530 million (US$369.83 million).<\/p>\n<\/div>\n
Part of the improvement came via the company’s North American slot machine business. It added 23%, resulting in revenue of $2.74 billion (US$1.91 billion).<\/p>\n
Analysts expected Aristocrat’s Pixel United to report lower figures for the period. However, the mobile game division previously known as Aristocrat Digital until last October surprised them. Its profit rose 3.2%, to US$311 million.<\/strong><\/p>\nThis was the result of “disciplined and effective UA (user acquisition) allocation across the portfolio, increased contribution from the proprietary platform Plarium Play,” the company claimed. UA investments accounted for 28% of Pixel United’s revenue in the period.<\/p>\n
In addition, it came from the recognition and management of additional costs that were necessary to protect the company’s business, as well as its workforce, in the context of the conflict in Ukraine.<\/p>\n
The financial update pleased investors. Aristocrat was trading at $31.20 (US$21.74) on Tuesday, but jumped to $33.73 (US$23.28) in the morning after the company shared its results. Investors will also be happy with the interim $0.26 (US$0.18) per-share dividend they will receive after July 1.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aristocrat Leisure has reiterated its plan to jump into the digital gaming space. The gaming equipment manufacturer said in a filing with the Australian Securities Exchange today that it is ready to tackle the growing market. Aristocrat will launch an online casino business before the end of the year. The company, much like in the […]<\/p>\n","protected":false},"author":64,"featured_media":214303,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,16693],"tags":[],"acf":[],"yoast_head":"\n
Aristocrat to Launch iGaming Solution before Year's End - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n