Aristocrat Faces Covid-19 Challenges As Profits Decline

Aristocrat Faces Covid-19 Challenges As Profits Decline

Aristocrat Leisure Limited, a world leader in gaming machines and online game development, has today released its company first half results from October 2019 to March 2020 as profits decline due to the challenges linked to the ongoing Covid-19 pandemic.

The company, which designs and develops some of the most popular slot machine games in global gaming, has stated that it has experienced more than a twelve percent decline in net profit to approximately AU$360+ for the six month period.

One of the areas that has been hardest hit by the current Coronavirus crisis is Aristocrat’s offline offerings in brick and mortar casinos.

Aristocrat witnessed a revenue drop of more than ten percent in New Zealand and just over six percent internationally and almost five percent in the Americas.

Trevor Croker of Aristocrat commented on the results and provided an insight in to the figures:

“Our progress in driving share through outstanding product and diversifying revenue streams – including across attractive Digital genres and titles – are also evident in this result. Particularly in this uncertain period, we will continue to focus on what we can control and do all we can to protect the health and wellbeing of employees, customers and suppliers.”

Croker, who is both chief executive officer and managing director of the game development company expanded by stating that the firm’s focus remains on driving strategic advantages in its products and continues to invest in the core areas of the business, including user acquisition, development and game design.

However, it is difficult to measure the recovery of the land-based activates at this unprecedented time as the firm will adjust its plans to suit the improvement and economic recovery of the pandemic.

In addition, Aristocrat is still looking to accelerate growth within its digital products and keep this in line with the scale of the company.

Top 5 Digital Slot Games From Aristocrat

  • Big Fortune
  • Buffalo Moon
  • Outback Jack
  • Rhino Charge
  • Sharknado

View more slot games from leading gambling providers and play for free here.

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