• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Stability, organics aid Aristocrat credit: Moody’s

Jul 27, 2020 Newsdesk Industry Talk, Latest News, Top of the deck  


Stability, organics aid Aristocrat credit: Moody’s

The current credit profile of Australia-based casino games supplier Aristocrat Leisure Ltd reflects its earnings stability, though Covid-19 remains a drag on its land-based gaming business, said Moody’s Investors Service Inc in a review published on Friday from the ratings firm’s Sydney, New South Wales, office.

Aristocrat Leisure’s credit profile is ranked as ‘Ba1′, the highest Moody’s non-investment grade for fixed-income obligations with an original maturity of one year or more, according to the institution. The obligations rated “Ba” are judged to have “speculative elements” and are subject to “substantial credit risk”.

The current ‘Ba1′ credit profile of Aristocrat Leisure reflects its “geographic diversification”, and its “shift in revenue mix towards recurring revenue allowing earnings stability”, Moody’s said in its latest periodic review. The rating agency also said a ‘Ba1′ credit profile reflected the company’s “organic growth” outlook, relating particularly to its digital product and services segment.

But Aristocrat Leisure’s credit profile is constrained by Covid-19 containment measures on land-based gaming; as well as “evolving regulatory oversight”; “consumer tastes”, and the “competitive nature” of the digital segment, Moody’s said.


  • tweet
Related articles
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Malaysia Covid outlook negative to Genting Bhd: Moody’s
    Malaysia Covid outlook negative to...

    Jan 15, 2021  

More news
  • Wakayama casino RFP deadline affirms 2 suitors still in race
    Wakayama casino RFP deadline affirms 2...

    Jan 18, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

Wakayama casino RFP deadline affirms 2 suitors still in race

Wakayama casino RFP deadline affirms 2 suitors still in race

Jan 18, 2021  

Japan’s Wakayama prefecture confirmed on Friday (January 15) that no new suitors interested in being private-sector partner for the local government’s tilt at a casino resort, had come forward to...
Read More
CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Police find US$11m of missed Landing cash, suspects soughtPolice find US$11m of missed Landing cash, suspects sought January 14, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us