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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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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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