ASX ALL: Aristocrat pops as pokies giant takes share in lucrative US market

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Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.

Already a subscriber?Aristocrat chief executive Trevor Croker says the gaming machine manufacturer can continue to take share from its rivals in North America after revealing it now controls more than 40 per cent of the lucrative market.

“We’ve got high-performing products, investment in hardware and games, we’ve got great licences, and we’ve got really strong partnerships with our customers and execution.”Aristocrat said it had installed games into 3200 units in North America, with ambitions to nearly double that before the end of the year.

The inquiry has led to a long list of senior executive departures and the casino group is facing the prospect of permanently losing its licence to run its Sydney precinct.“They haven’t been a proactive or an active customer with us for a couple of years, given what’s been going on there,” he said.Aristocrat posted a net profit of $723.3 million for the half-year, a 16.8 per cent increase and earnings before interest, tax, depreciation and amortisation was up 18 per cent to $1.2 billion.

 

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