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AristoCrat Profits Up

Thursday May 29,2014 :  ONLINE GAMBLING ACTIVITIES HELP LIFT ARISTOCRAT PROFITS
 
Gambling equipment, software and games supplier reports half year results ahead of expectations.
 
The success of Australian gambling equipment, software and games supplier Aristocrat at the half-year 2014 point has received a boost from the company's online activities, where the group's internet and social gaming businesses contributed strongly with a 147 percent y-o-y increase over the corresponding quarter last year to A$19.5 million.
 
Online operations registered a five-fold growth in revenues in the first half when compared to last year.
 
Overall, Aristocrat's performance was ahead of expectations for the six months ended 31 March 2014, with revenues up 7.6 percent to A$412.5 million, and net profit after tax and non-controlling interest up 9.1 percent at A$57.4 million.
 
Management reported that H1-2014 was a period of strong growth in the US gaming operations market, share growth in both the US and Australian outright sales markets, and maintenance of its leading position in Asia Pacific markets.
 
EBITDA was up 4.7 percent at A$99.9 million (H1-2013: A$95.4 million), and the company reported closing net debt at A$233.7 million (H1-2013: A$185.1 million) - up 6.3 percent.
 
Operating cash flow of A$61 million was almost 34 percent higher than in H1-2013, mainly due to higher revenues over the half, together with cash management initiatives.
 
An interim dividend of 8 cents per share has been declared.
 
Chief Executive Officer and Managing Director, Jamie Odell, said “Aristocrat has reported positive performance over the six months to 31 March 2014 building on our established trajectory of NPAT growth. These gains flow directly from the rapid improvements we are making in the breadth, depth and competitiveness of our game portfolios, which have been exceptionally well received by customers and players across our priority segments.
 
“The performance of our Online business represents an exciting and expanding value stream. It is quickly developing meaningful reach and performance momentum, and it’s clear our strategy of leveraging premium Aristocrat content to drive user numbers and profitability is gaining traction.
 
“We anticipate strong NPAT growth over the twelve months to 30 September 2014 largely driven by improving operational performance across key markets and segments, partly offset by higher D&D investment as we build for the future, in line with our strategy."



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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

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Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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