Aristocrat Leisure booms on US gaming sales

Poker machine manufacturer Aristocrat Leisure has announced revenue growth of five percent in FY24 driven by performance in North America Gaming Operations, with ~7,100 net units added to the installed machine base.

The company reported 17 percent growth in normalised NPATA to $1.6 billion, reflecting ongoing investment in organic growth initiatives and cost optimisation across the group, according to a statement.

Priorities include investment in design and development (D&D), user acquisition (UA) and capital expenditure.

Meanwhile the company’s online and gaming businesses Pixel United and Aristocrat Interactive delivered strong revenue growth, and margin improvement.

Aristocrat’s Chief Executive Officer and Managing Director Trevor Croker said: “This was an
outstanding result, reflecting Aristocrat’s ability to grow through mixed operating environments and control a range of levers to deliver EPS growth of 20 percent.

“The group delivered strong revenue and EBITDA growth over the year. This was underpinned by Aristocrat Gaming’s performance, led by an exceptional North America Gaming Operations result.

“There was strong momentum in Aristocrat Interactive, with the inclusion of NeoGames for five months, while Pixel United achieved improved profitability.”

During the year Aristocrat continued its capital management strategy with $1.3 billion in cash returned to shareholders through dividends and on-market share buy-backs.

“The creation of (Aristocrat) Interactive was a significant strategic milestone, and we are seeing momentum build across all areas of the business, with excitement and confidence about its prospects.

“Responsible Gameplay remains our most critical sustainability matter, directly supporting our ability to deliver sustainable results over the long term, and benefitting our people, customers and shareholders.”

Looking ahead, Aristocrat sees strong momentum in its core businesses.

Picture: Aristocrat Gaming