Scientific Game

Aristocrat announces record revenues for FY17

Thursday, 30 November 2017 06:46
Visit us

Slot machine giant Aristocrat Leisure has announced record earnings for the full year ended 30 September 2017, with revenue up 15.3% to AU$2.45 billion and EBITDA rising 24.2% to AU$1 billion.

In a filing to the Australian Securities Exchange, Aristocrat credited “a higher quality of earnings and growth across strategic recurring revenue segments” for the results, which represented its highest annual revenue figure ever.

They included a 17.4% increase in operating cash flow to AU$799.1 million, with net profit after tax and before amortisation up 36.5% to AU$543.4 million.

“Aristocrat delivered high quality results over the 2017 fiscal year, against a backdrop of mostly flat markets and increasing competitive pressure,” said CEO and Managing Director Trevor Croker. “Industry leading content, hardware and technology, coupled with effective execution focused on our highest value opportunities once again underpinned our performance. 

“Further growth in our core recurring revenue segments of gaming operations and digital social casino was particularly pleasing, with 52% of group revenues deriving from recurring sources during the year as well as growth in outright sales over the period,. This represents further progress in ensuring Aristocrat delivers sustainable returns and cash flow over time, consistent with our strategy and shareholders’ interests. 

“During the reporting period, Aristocrat invested behind our core business while also making progress in unlocking attractive growth opportunities in adjacent markets and segments.

“Going forward, Aristocrat will continue to target high quality growth, with the benefit of our established performance momentum, broadening capabilities, strong balance sheet and growing recurring revenue base.”

The company announced that it will pay a dividend per share of AU$0.34, up from AU$0.20 in 2016.

Aristocrat acquires Big Fish Games

In a separate filing on Thursday morning, Aristocrat announced that it has entered into a binding agreement to acquire 100% of social gaming company Big Fish Games, Inc for a total consideration of US$990 million in cash, subject to customary completion adjustments.

Big Fish, a wholly owned subsidiary of Churchill Downs Incorporated (Churchill Downs), is a global publisher of free-to-play games that operates across three key business lines focused on specific game segments, including Social Casino, Social Gaming and Premium Paid games. 

Big Fish is headquartered in Seattle, USA, has approximately 700 full-time employees and five in-house development studios in Seattle and Oakland, USA. 

The company’s largest social casino application “Big Fish Casino” is a top ranking social casino application globally with industry leading user monetization levels. Big Fish’s social gaming titles “Gummy Drop!” and “Fairway Solitaire” are also the number 10 and number six games in the casual and card game categories respectively.

Big Fish reported adjusted revenue of US$458 million and Adjusted EBITDA of US$83 million for the 12 months to 30 September 2017.

Aristocrat said that Big Fish will operate as a standalone business alongside Product Madness and Plarium, “minimizing scope for disruption to Aristocrat’s existing businesses.”

What's new

Inside Asian Gaming takes a look back at the biggest stories of the past week

Inside Asian Gaming takes a look back at the biggest stories of the past week Inside Asian Gaming takes a look back at the biggest stories of the past week Friday, 23 February 2018 06:55

TGG to deploy content on Solaire Resort & Casino’s gaming floor

TGG to deploy content on Solaire Resort & Casino’s gaming floor Hong Kong’s TGG Interactive has announced a deal with Manila’s Solaire Resort & Casino to integrate the Philippines casino operator to its Asian VIP and middle-class focused digital gaming machine library on the casino floor. In a press release, TGG said that the successful deployment at S... Friday, 23 February 2018 05:20

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to repo... Friday, 23 February 2018 05:06

Macau’s Chinese New Year visitation grows 6.5%

Macau’s Chinese New Year visitation grows 6.5% Macau’s visitor arrivals surged by 6.5% year-on-year to more than 960,000 during Chinese New Year, including around 710,000 from mainland China, according to preliminary statistics released by the Macao Government Tourism Office (MGTO). The figures cover the seven days of Spring Festival Golden W... Friday, 23 February 2018 04:27

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52