Aristocrat profits as full year revenue tops $6.3 billion

Finance News

Aristocrat reported the profit for the 12 months to 30 September, up by 21% from the prior year, without adjustments for currency changes. The company was also hoping to capitalise on the legalisation of online gambling in many US states.

Aristocrat’s revenue increased to $6.3bn jump attributed in part to “exceptional gaming results” in the US, where is sells the vast majority of its machines.

But the company’s mobile gaming division – Pixel United, which produces games like Cashman Casino and Heart of Vegas – now accounts for 42% of that revenue.

Pixel United mobile games accounted for six of the top 100 games in the US across multiple genres, although the global mobile games market declined by 5% over the year, the company said.

These games include so-called social casinos, such as Jackpot Magic Slots and Big Fish Casino, which require users to buy coins to keep virtual wheels spinning, but do not allow for cash to be withdrawn. In Australia, these games will soon be restricted to those aged over 18, but do not count as gambling and are less regulated.

“The growth that Aristocrat delivered over the period demonstrates the ongoing resilience, competitiveness and diversification of our portfolio, and sound fundamentals in the markets in which we operate,” Croker said. “At the same time, we have been able to accelerate investment behind our successful growth strategy.