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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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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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