Aristocrat Leisure lands games giant Big Fish for $1.3 billion

Original article by John Stensholt
The Australian Financial Review – Page: 19 : 1-Dec-17

Aristocrat Leisure’s push to reduce its reliance on poker machine sales continued on 30 November with its announcement that it had acquired US social gaming firm Big Fish Gaming for $US900 million ($A1.3 billion). The purchase will increase the percentage of its revenue that comes from digital sources to around 38 per cent, and follows its August purchase of Israeli-based game developer Plarium. Aristocrat also handed down its 2017 fiscal year results on 30 November, reporting a net profit of $A495 million, up 41 per cent, earned on revenue of about $A2.4 billion.

CORPORATES
ARISTOCRAT LEISURE LIMITED – ASX ALL, BIG FISH GAMING INCORPORATED, PLARIUM LLC, CHURCHILL DOWNS, MOODY’S INVESTORS SERVICE INCORPORATED, VIDEO GAMING TECHNOLOGIES INCORPORATED

Ainsworth cashes out $473m pokies stake

Original article by Perry Williams
The Australian Financial Review – Page: 21 : 24-Feb-16

Australian-listed poker machine maker Ainsworth Game Technology has posted a 2015-16 interim net profit of $A33.1m, which is four per cent lower than previously. Meanwhile, founder Len Ainsworth has sold his 53 per cent stake in the group to Novomatic for about $A473m. Ainsworth will remain chairman, and intends to donate some of the proceeds of the sale to philanthropic causes such as medical research.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, NOVOMATIC, ARISTOCRAT LEISURE LIMITED – ASX ALL, ST VINCENT’S HOSPITAL SYDNEY LIMITED, WATERMARK FUNDS MANAGEMENT PTY LTD

Ainsworth looks to lift its international game

Original article by Perry Williams
The Australian Financial Review – Page: 16 : 5-Jun-15

Ainsworth Game Technology has advised that its 2014-15 after-tax net profit will be line with the previous financial year. The listed gaming machine maker expects revenue to be two per cent lower at about $A240m, citing disappointing sales in Australia during the second half. CEO Danny Gladstone says the group will focus on expanding its international business, noting that there is limited opportunity for growth in the Australian market.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, ARISTOCRAT LEISURE LIMITED – ASX ALL

Aristocrat scores jackpot in pokies deal

Original article by Andrew White
The Australian – Page: 21 : 8-Jul-14

Australian-listed poker machines maker Aristocrat Leisure has acquired US company Video Gaming Technologies for $A1.3 billion. The purchase is being funded by an equity raising and debt, with $A375 million of shares offered to institutions at $A5.12 and $US1.3 billion raised via loans in the US. Aristocrat CEO Jamie Odell said on 7 July 2014 that the program of acquiring digital gaming companies will be continued

CORPORATES
ARISTOCRAT LEISURE LIMITED – ASX ALL, VIDEO GAMING TECHNOLOGIES INCORPORATED, OPTIONSXPRESS AUSTRALIA PTY LTD, BALLY ENTERTAINMENT CORPORATION, SHUFFLE MASTER AUSTRALIA PTY LTD, SCIENTIFIC GAMES CORPORATION, WMS GAMING INCORPORATED