BlackRock Group, one of the world’s largest managers of investment assets, has become a substantial shareholder of slot machine maker Aristocrat Leisure Ltd, according to a filing by the latter company to the Australian Securities Exchange.
The Tuesday filing said that the process of becoming a substantial shareholder was completed on December 10.
BlackRock – via BlackRock Inc and some subsidiaries – currently holds 31,963,083 ordinary shares in Aristocrat Leisure, representing 5.01 percent of the gaming technology firm’s votable stock.
Aristocrat Leisure – one of the larger casino technology firms in the world – has a market capitalisation of approximately AUD6.01 billion (US$4.32 billion), according to Bloomberg data.
BlackRock Group has assets worth US$4.5 trillion under its management, according to its corporate website.
Oct 20, 2020Gradual improvement in Macau’s gross gaming revenue (GGR) levels should serve as a “tailwind” to drive up pricing of Macau gaming stocks, says Deutsche Bank Securities Inc. “We...
Oct 20, 2020
”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China