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.
Sep 22, 2023A number of hotel properties at Macau casino resorts has already sold all or most of the rooms that are available on the open market, for most nights of the upcoming autumn Golden Week holiday...
”This year, so far, we will be starting [revamp] work at Grand Hyatt; then, we are looking at Countdown, and afterwards we will look at Altira and others”
Chairman and chief executive of Melco Resorts