• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Aristocrat gets sub-investment grade ratings

Sep 08, 2014 Newsdesk Industry Talk, Latest News  


Aristocrat gets sub-investment grade ratings

Australian gaming supplier Aristocrat Leisure Ltd has just been assigned corporate credit ratings from Standard and Poor’s and Moody’s Investors Service. Both rating agencies rated Aristocrat below investment level.

The credit ratings will support the fully underwritten long-term U.S. term debt facilities in connection with the acquisition of Video Gaming Technologies Inc (VGT), Aristocrat said on Friday in a filing to the Australian Securities Exchange.

Standard and Poor’s assigned Aristocrat a corporate rating of ‘BB’ with a stable outlook. That is two notches below investment grade, according to the company’s rating scale.

Moody’s assigned Aristocrat a provisional corporate family rating of ‘(P)Ba2’ with a stable outlook, also two levels below investment grade.

Aristocrat in July announced the acquisition of U.S.-based gaming machine provider VGT for US$1.28 billion in cash.

Privately owned VGT is a provider of gaming machines for the leased tribal gaming market in North America. The company, headquartered in Tennessee, had an installed base of approximately 20,200 leased machines at the end of last year.

Meanwhile, Aristocrat announced last week it was selling its lotteries business to online gaming software supplier Playtech Ltd for a total consideration of EUR10.5 million (US$13.8 million) in cash.


  • tweet
Related articles
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  

More news
  • Kangwon Land slot brand Manila office eyes SE Asia sales
    Kangwon Land slot brand Manila office...

    Mar 28, 2023  

  • GEN Singapore’s Lim flags uneven recovery pace in 2023
    GEN Singapore’s Lim flags uneven...

    Mar 28, 2023  


Latest News

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Kangwon Land Inc, operator of the only South Korean casino permitted to serve local gamblers, recently opened a Manila, Philippines office for sales and promotion of its own-brand KL Saberi casino...
Read More
GEN Singapore’s Lim flags uneven recovery pace in 2023

GEN Singapore’s Lim flags uneven recovery pace in

Mar 28, 2023  

APE narrows annual loss as revenue up 38pct

APE narrows annual loss as revenue up 38pct

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us