• 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

Aristocrat has land-based biz growth chances: JP Morgan

May 07, 2018 Newsdesk Latest News, Top of the deck, World  


Aristocrat has land-based biz growth chances: JP Morgan

Australia-listed casino slot machine maker Aristocrat Leisure Ltd has room for growth in the land-based sector, particularly in North America, says a report from JP Morgan Securities Australia Ltd. But the brokerage added that several “questions” present themselves, including “developing/publishing in Asia”.

Analysts Donald Carducci, Shaun Cousins and Shalin Doshi wrote following an investor day held by the gaming firm: “Aristocrat Leisure has headroom for growth in multiple North American segments. There is no indication design and development spend will abate as management aspiration for market ‘leadership’ is new.”

JP Morgan said the market opportunities in North America involved segments including so-called Class II video slots, video lottery terminals, Class III stepper slots – all in relation to either outright sale of equipment or involvement in gaming operations – and for bingo equipment.

Aristocrat Leisure has consistently claimed to have a large share of all the new slot machine units delivered to operators in the Macau market.

JP Morgan stated, referring to the general global appeal of the firm’s products: “Although Aristocrat Leisure could theoretically have 100-percent market share within a segment, it is unlikely they will exceed 35 percent to 40 percent market share as gaming floors seek to maintain diversity of offering.”

The brokerage said the investor day had “clarified” Aristocrat Leisure’s digital portfolio strategy regarding recent acquisitions, while “reiterating the core land-based opportunity”.

The analysts added that the brand’s digital portfolio management strategy was “sound”, although it said “platform/genre risks remain”.

The brokerage noted – citing information from SuperData Research Holdings Inc, a games data and market research firm – that in the online games market, “’social’ as a category and personal computer free-to-play (F2P) are in decline”.

JP Morgan further stated: “’Console F2P’ and ‘mobile battle royale’ platforms and genres are growing.”

In a late April report, JP Morgan had suggested Aristocrat Leisure was hedging risk in online gaming thanks in part to the breadth of its product offering.


  • tweet
Related articles
  • Kangwon licence extension to come with tax rejig: JP Morgan
    Kangwon licence extension to come with...

    Feb 24, 2021  

  • Macau casino GGR soared in final days of CNY: brokerages
    Macau casino GGR soared in final days...

    Feb 23, 2021  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us