Zona de Azar Australia – Aristocrat Considers Moving Into Online Gambling With M&A

Australia.- March 2, 2021 www.zonadeazar.com Following the recent Annual General Meeting (AGM) of Aristocrat Entertainment announcing their full annual results the company said it would use mergers and Acquisitions (M&A) to grow its online gaming presence.

Aristocrat announced a drop of group revenues of 5.9% to $4.1 billion for 2020, however offsetting a worse result was its online gaming which at present is social gaming only and has no real-money offerings.

But even so the companies online gaming saw a rise of 29% helping to prop up the land based business which fell 35% because of the COVID-19 pandemic devastation on land based casinos around the world.

But what was interesting is that Trevor Croker the CEO of Aristocrat in his remarks to investors said that the company would “significantly escalate” its interest in M&A towards most likely the digital business.

He specifically said in his remarks: “we will continue to significantly escalate our focus on convergence products and services as part of our strategy. We remain ready to invest to accelerate our strategy. During fiscal 2020, we concluded two deals to acquire access to more world-class game development capability in Digital. Investments in the proven game studios Neskin and Proteus signaled our intent.”

That had analyst’s thinking that Aristocrat may move into the real-money online gambling sector to offset losses in the land based industry.

Editó: @_fonta   www.zonadeazar.com