S&P Dow Jones Indices has announced the inclusion of slot machine maker Aristocrat Leisure Ltd in its index of the 50 most valuable companies listed on the Australian Securities Exchange, a bourse also known as ASX.
The inclusion of Aristocrat in the S&P/ASX 50 Index was part of S&P Dow Jones Indices’ March quarterly review. The inclusion will become effective at the open of trading on March 20, S&P Dow Jones Indices announced on Friday.
Aristocrat is currently a component stock of the S&P/ASX 100 Index.
The firm’s net profit after tax jumped 88 percent year-on-year in the 12 months to September 30, to AUD350.5 million (US$269.4 million). Group revenue expanded by 34.5 percent year-on-year, to nearly AUD2.13 billion, while earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 54.1 percent, to AUD806.0 million.
Aristocrat has had a new chief executive with effect from March 1, with Trevor Croker succeeding group head Jamie Odell.
As part of S&P Dow Jones Indices’ quarterly review, Southeast Asia casino operator Donaco International Ltd was dropped from the S&P/ASX 300 Index; Australia-based slot machine supplier Ainsworth Game Technology Ltd was retained as one of the components of this index.
Net profit after tax at ASX-listed Donaco rose 5 percent year-on-year in the six months to December 31. That was despite group revenue slipping 14.4 percent, and EBITDA contracting by 14.8 percent year-on-year in the first-half fiscal.
Following S&P Dow Jones Indices’ quarterly review, Australian casino operator Crown Resorts Ltd was retained as a component stock of the S&P/ASX 100 Index. Crown Resorts is a shareholder in Asian casino developer Melco Crown Entertainment Ltd. But following a series of sell downs by Crown Resorts regarding its interest in Melco Crown over the past 12 months, the Australian firm now holds 11.2 percent of the Asia-focused entity, Crown Resorts confirmed on February 23.
"The first seven weeks of trading in the second quarter 2018 have been much stronger than the first quarter 2018"
Chief executive of boutique casino operator Silver Heritage