Aristocrat results fall short of expectations

23 August 2007

AUSTRALIA -- As reported by Bloomberg: "Aristocrat Leisure Ltd., the world's second-largest maker of slot machines, fell the most in three months on the Australian Stock Exchange after first-half sales in Japan were 45 percent below forecast.

"The shares fell 3.6 percent after Sydney-based Aristocrat said it sold just 11,063 games in Japan during the half, compared with a May forecast of 20,000 units.

"Chief Executive Officer Paul Oneile, who faces stalling earnings in his biggest markets of the U.S. and Australia, is struggling to revive sales of his Pachislo machines in Japan as new regulations curbing payouts prove less popular with gamblers. Aristocrat marketed four new games in the half with demand for its `Danceman' machine falling short of expectations.

"...Aristocrat shares fell 48 cents to A$12.85 at the 4:10 p.m. close of trading in Sydney, extending this year's decline to 19 percent. The stock was the biggest decliner in the Morgan Stanley Capital International World Index during Asian trading hours..."


Related Links

Featured Vendors
Rymax Marketing Services, Inc.
Bar Maid Corporation
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Gaming Tickets, Inc.
Slot Machines Unlimited
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TribalHub
TOP ONE TECH LIMITED
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Betson Imperial Parts & Service
Broadband Hospitality
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
RSA Executive Search
Casino Network
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Casino City Press
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.


Your Guide to 15,426 Gaming Industry Suppliers