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Australia – MarsX helps drive American sales as Aristocrat increase revenues by 17 per cent

By - 17 November 2022

Aristocrat delivered what it described as ‘a high-quality result’ for the 12 months ended 30 September 2022 with ‘strong revenue and profit growth reflecting sustained investment in top-performing product portfolios, differentiating capabilities, increased operational diversification and business resilience.’

Group revenue increased to $5.6bn, representing a 17.7 per cent increase with strong revenue growth across Americas and ANZ led by increasing product portfolio depth and strength, with Class III Premium installed base growing by 14 per cent to 31,595 units and Class III and Class II FPD increasing by 8.5 per cent to US$55.78. The Americas margin expanded 2.7 percentage points to 56.1 per cent, driven by revenue growth and strong management of the installed base, more than offsetting higher input costs driven by supply chain challenges.

Americas Outright Sales units were up 66 per cent, fueled by larger customer capital commitments and
increased product penetration, with MarsX and MarsX Portrait cabinets driving Average Selling Price up eight per cent

The company also enjoiyed expansion into attractive adjacent markets continues, with growth in VLT and Washington CDS, and entry into Kentucky Historical Horse Racing and New York Lottery.

Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said “Aristocrat’s performance underlines the ongoing implementation of our growth strategy. Throughout the year, we continued to invest in competitive product portfolios to drive further share growth across key segments, greater operational diversification and deeper business capability.

“Aristocrat delivered an increase in revenues of almost 18 per cent year on year, and an annual profit of $1.1bn that exceeded our 2019 financial year performance by approximately 23 per cent. This highlights the strength of our post-COVID recovery and our ability to execute in a challenging environment.

“Strong performance in Aristocrat Gaming more than offset headwinds in the Pixel United business, again highlighting the increasing diversification and resilience of our Group. We have made further progress in our ‘build and buy’ strategy to scale in online RMG, with the launch of our new business, Anaxi. While we are focusing first on the North American i-Gaming vertical, we ultimately aim to be the leading gaming platform within the global online RMG industry. We will continue to invest behind this key adjacent growth opportunity as we build Anaxi over the medium-term.
“Aristocrat took significant steps forward in leadership and capability, while continuing to execute against our ambitious ESG commitments. This included preparatory work to allow us to set a science-based emissions reduction target for the Group in calendar 2023. In addition, we made progress in our responsible gameplay agenda, rolled out an enhanced anti-modern slavery training programme and achieved an above-benchmark employee engagement score for the year.

“Our performance highlights the incredible resilience and commitment of our team of over 7,500 people around the world. I want to thank each of our people for their hard work, and their care for each other, as we navigated the conflict in Ukraine and other challenges across the year.

“As we look ahead, we believe that Aristocrat’s outstanding product portfolios, growing operational resilience and capability, along with a highly engaged team and strong culture, positions us well to maintain our momentum despite uncertain conditions,” Mr Croker concluded

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