But the acquisition of online lotto provider, NeoGames and an increase in market share offshore has analysts confident Aristocrat can continue to generate revenue growth despite the challenges that throttle the broader sector. Part of the share price strength is due to a $500 million extension of its share buy-back scheme, which was announced in February. Jason SouthĪristocrat Leisure, the largest pokies manufacturer in the world, is the only gaming stock that has enjoyed share price growth since the beginning of the year (its rival, Light and Wonder, listed in May, has also enjoyed growth). But there is one company analysts are bullish about.Īnalysts are bullish on Aristocrat despite broader challenges facing the gaming sector. Casinos are struggling to attract visitors, online bookmakers can’t get people to spend the amounts they used to and poker machine owners are preparing for the impact of new restrictions in NSW and Victoria.Ĭost of living pressures, pecuniary penalties, and tougher laws have also spooked markets, wiping hundreds of millions of dollars from some of the country’s best-known gaming stocks including Star Entertainment and Tabcorp. It has not been a good year for the Australian gaming sector – or its investors.
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