Morningstar | Earnings Stability Should Improve With Larger Contribution From Leased Machines and Digital Gaming
Aristocrat Leisure has many positive attributes, including a global portfolio of licences to manufacture electronic gaming machines and develop gaming content, a broad suite of products, and strong intellectual property built up since the 1950s. However, the investment case is not without risks, with intense competition and susceptibility to swings in game popularity, gambler taste, customer venue finances, and regulatory regimes all having the potential to substantially affect earnings. There are also secular uncertainties on the horizon as a result of the ageing profile of traditional pokies machine patrons and potential disruptions from social/online gaming. Management must grapple with these trends at a time when some of its competitors are becoming much larger through consolidation, including Aristocrat Leisure itself via its 2014 USD 1.3 billion acquisition of Video Gaming Technologies.Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.