Home Blog Australian slot machine giant Aristocrat books large profit

Australian slot machine giant Aristocrat books large profit

Last update: May, 2024

Written by: Ferry de Groot Content specialist
Australian slot machine giant Aristocrat books large profit

Online casinoslots-gigant Aristocrats booked a rise in profit of 42,1% in the last six months. Their net profits increased to AU$562.4  million in the last six months. Aristocrat was founded a long time ago in the 1950s. Since then it has always been a pioneer in the casinoslots industry. In 1979 it introduced the worlds first five-reel electronic slot called Wild West. Since then Aristocrats took over the world with their casinoslots. Form Europa to America and Australia.

“Aristocrat delivered an impressive and resilient performance despite mixed operational conditions and challenges,” said revor Croker, who is the CEO and managing director of Artistrocrats Gaming. In 2022 the company has a significant large collection of the best online casino games available on internet.

Last year the company raises 1.3 billion dollars to take over casino software company Playtech. However, the bid to acquire this company failed. Aristocrats then decided to use 500 million dollars to buy back outstanding shares. However, the company still has plans to take over other companies/platforms that are active In the Real Money Gaming industry. This is part of their “build and buy” strategy. But acquiring other companies that are active in the online gambling industry the company tries to realize growth. With the more than 42% growth in the last six months they are doing very well.

The company also has plans to expand within the United States. Trevor Croker said in a press release on Thursday: “We anticipate being live with iGaming products in two jurisdictions in the U.S. by the end of calendar year 2022.

Article written by