Aristocrat weathers virus thanks to digital gaming

Digital gaming is underpinning confidence by gaming machine manufacturer Aristocrat Leisure that it can weather the coronavirus storm.

The Sydney company moved into the fast-growing digital and online space some years ago, and now gets 40 per cent of revenue from those sources.

Sales of gaming machines and land-based gaming contribute 30 per cent each.

However Aristocrat has withdrawn its profit outlook statement that it would achieve net profit growth this financial year.

The company told investors softer demand was evident in land-based gaming markets as some customers close venues temporarily and adopt a more cautious approach to capital spending.

The company has already taken steps at its Macau and other Asian operations to respond to the virus.

Travel bans have been implemented and social distancing enforced in its operations.

Across the business, 80 per cent of Aristocrat’s 6,400 staff are working from home.

Picture: Aristocrat

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