Aristocrat Gaming, an Australia-based slots company, has made several key moves in North America over the past six months, and it looks like those efforts are paying off.
During the company’s presentation of its results from the first six months of the fiscal year 2023, it revealed that North American operations are growing in several key metrics. The Aristocrat report noted:
“In summary, (the company) delivered a resilient result for the first half of the 2023 financial year, demonstrating excellent fundamentals and strong operational momentum. Once again, Aristocrat’s performance highlights the benefit of sustained investment to grow and diversify its operations, including in adjacent markets and segment opportunities.”
Acquisitions are a key part of growth in fiscal year 2023
According to its 2023 Half Year Profit Announcement Aristocrat’s North American operations saw revenue grow 17.2% from $833.5 million in the first six months of FY2022 to $976.5 in the first six months of FY2023.
Additionally, the company’s number of installed units in North America grew by 9% to 61,000 units. Unit sales jumped 27% and the average price of sold units increased 21%.
Compared to the first half of FY2021, the company has nearly 11,000 more units in operation in North America and is bringing in about $7.5 million a day more from those additional units.
Anaxi, an online gambling branch of Aristocrat, helped fuel that growth. By the end of the first six months of FY2023, the company had partnerships with companies that represent more than 55% of the US online casino market.
Key North American moves in the past six months include:
- Agreeing to an acquisition of NeoGames for $1.2 billion last month. The deal is expected to be completed in 12 months.
- Partnering with Penn Interactive to offer Anaxi games in New Jersey and beyond
- Opening an Aristocrat gaming lounge at West Virginia’s Wheeling Island Hotel-Casino-Racetrack
- Partnering with Caesars Sportsbook & Casino through Anaxi to offer its games through Caesars online casinos.
Aristocrat, which runs gaming in multiple countries worldwide, posted positive numbers for its global operations, too. Revenue from ordinary activities was up 12.2%, while profit from ordinary activities after taxes was up 27.3%.