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Aristocrat Leisure HY1 2015 report
Tuesday May 26,2015 : ARISTOCRAT DELIVERS ROBUST HY1 PERFORMANCE
Transformative period, says CEO
Australian gaming firm Aristocrat Leisure Limited presented strong results in its HY1 2015 report underpinned by a robust performance from its digital gaming business.
Key performance highlights for the six month period ending March 31, 2015 include:
Group net profit after tax of $110.1 million, a 66.8 percent increase in reported currency and a 45.9 percent increase in constant currency (HY1/2014: $66 million).
Revenue amounting to $685 million, grew by 73.5 percent (57.2 percent in constant currency) (HY1/2014: $394.7 million).
An increase in EBITDA of 121 percent to $243.4 million (HY1/2014: $110 million).
Operating cash flow increased over 66 percent to $101.4 million.
The group performance reflects the successful integration of VGT and ongoing operational improvement across key segments and markets, the company said.
“The six months to 31 March 2015 have been genuinely transformative for Aristocrat,” Jamie Odell, chief executive officer and managing director said.
“We have taken major steps forward in our product-led, share-taking strategy, asserted our focus on driving scale and profitability in critical recurring revenue segments and cleaned up remaining legacy distractions and non-core operations.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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