Pandemic Halves Aristocrat Profits ASIA & OCEANIA
Te pandemic wiped 46.7 per cent off Aristocrat's profit for the year ended September 30 2020, taking it down to AU$476.6m (US$348m).
“A strong balance sheet, ample liquidity and robust cash flows provide us with full optionality to continue to invest.” Trevor Croker, Aristocrat
AUSTRALIA CASINO SUPPLIER NEWS
AUSTRALIA – SkyCity Entertainment Group has confirmed it is being forced to close its Adelaide casino and entertainment facilities again following the announcement made by the South Australian Government that a range of new state-wide COVID-19 restrictions will be implemented in response to a new COVID-19 cluster in Adelaide.
SkyCity Adelaide is currently expected to remain closed for the following six days until midnight on November 24.
The group said: "The new SkyCity Adelaide expansion development, including the 120-room luxury hotel Eos by SkyCity, was scheduled to open in late November 2020. The opening will now be delayed in light of the latest restrictions. SkyCity's New Zealand properties are unaffected by the latest restrictions in South Australia and remain open at Alert Level 1 in New Zealand."
Adelaide saw 18 new cases of coronavirus reported in a single day.
SOUTH KOREA – Having recently had their capacity limits further reduced, casinos in the South Korean capital city of Seoul have now been told to close for two weeks due to the rise in COVID-19 infections.
The Seoul Metropolitan Government has increased the city's restrictions to Level 2 forcing the closure of Seoul’s four foreigner-only casinos; Grand Korea Leisure’s two Seven Luck casinos and Paradise Co’s Paradise Walkerhill and Paradise City in Incheon.
Grand Korea leisure said it was closing 'in accordance with the second stage of social distancing in the metropolitan area.' It is expecting a lose of KRW5.1bn (US$4.6m) in its fourth quarter due to these latest closures.
ASIA – ETG manufacturer Spintec has appointed Mitja Dornik as Regional Sales Manager for the growing Asian and Australian markets. In his previous roles, Mr. Dornik was in charge of
international sales at Alfastreet Slovenia and WinSystems Spain. He brings with him exceptional business development. Renato Bicic, Sales Director at Spintec, said of the appointment: “We are always looking for accomplished sales executives that can help us boost our sales efforts around the world and we are very happy to be able to welcome Mitja Dornik to our team. He has a proven track record in international sales, but also in establishing and nurturing excellent client relationships, which is exactly the type of approach that our international sales team needs.”
P20 NEWSWIRE / INTERACTIVE / MARKET DATA
Te pandemic has wiped 46.7 per cent off Aristocrat's profit for the year ended September 30 2020, taking it down to AU$476.6m (US$348m). Group revenue decreased 5.9 per cent to $4.1bn, reflecting a 32 per cent decrease in Aristocrat Gaming (Land-based) revenue, driven by the impact of COVID-19 customer venue closures and social distancing restrictions; largely offset by 29 per cent growth in Aristocrat Digital revenue, in local currency.
Aristocrat’s Class III premium and Class II installed bases grew 5.9 per cent and 0.3 per cent respectively, with continued penetration of hardware configurations and high performing game titles. Aristocrat Digital delivered double- digit growth in bookings, revenue and profit with Shadow Legends continuing its impressive growth trajectory – generating US$368m in bookings.
Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said: “Te resilience and commitment of Aristocrat’s global team of over 6,000 people has been impressive, particularly over the last ten months. I want to thank all of our people for the care they have shown for each other, their focus on our customers and
Partouche and Pixel Companyz name Nagasaki as chosen IR
Japan
French casino operator Partouche and Japanese energy company Pixel Companyz will focus on Nagasaki as the location for their bid to develop an integrated resort in Japan. Te Japanese city on the island of Kyushu was also the focus for Partouche's previous Japanese partnership with Oshidori International, which was terminated in May this year. Oshidori International wants to develop an IR project at the Huis Ten Bosch theme park in the city of Sasebo.
Te race to develop an IR in Nagasaki is now pitching four consortiums together with Oshidori International Holdings, Casinos Austria and a collaboration between Get
players, and their absolute determination to deliver despite the challenging circumstances. Teir safety and wellbeing – and the safety and wellbeing of our customers, suppliers and other stakeholders – remains Aristocrat’s priority.
“In May, we said that Aristocrat entered the COVID-19 challenge in good shape. Six months on, and notwithstanding the uncertainties that remain, we believe we’re well placed to emerge from this period in even better shape. Our results for the full year to 30 September 2020 demonstrate that we have enhanced our financial fundamentals and further accelerated our underlying operational momentum, despite the exceptional challenges and volatility generated by COVID-19 on our business, customers, players and people across the majority of the period," he added.
“Aristocrat continued to take share and maintained its leadership of key Gaming markets and segments over the full year, with an increased focus on customer service and engagement. Continued investment in new hardware and games delivered superior operational performance and supported resilient demand.”
Nice and Current Corp. taking on Partouche and Pixel.
Pixel Companyz CEO Hiroaki Yoshida said: “Nagasaki is the optimal site for an integrated resort in Japan. Sasebo city, where the development site is located, is a beautiful seaport city rich in history and international culture. Te prefecture has seen support for integrated resort development from both the prefectural and municipal councils, and also the private sector in the business communities of the Kyushu region."
“We see Nagasaki as a great opportunity to create a unique regional resort that suits the strengths of the region and our consortium. We look to create an integrated resort that will promote regional tourism and businesses, will revitalise the local community and bring out the best of local and international culture,” he said.
Russia
An off-shore Russian subsidiary of Hong Kong-listed Summit Ascent Holdings has increased its shareholding in Oriental Regent Limited (ORL), the operating force behind Tigre de Cristal in Primorye near Vladivostok, by 10 per cent to 77.5 per cent in a move that will help fund the Phase II expansion of the casino. It could still increase its stake to approximately 89.29 per cent if Summit Ascent is the only subscriber of the new issue of ORL. Chau Cheok Wa, Chairman of Suncity and Summit Ascent, said: “Te potential to acquire further stakes in Tigre de Cristal is a strong injection in confidence that Suncity and Summit Ascent are motivated to drive up business volumes in Tigre de Cristal. Besides, the outstanding recovery post- closure was as astounding as it seems - proof that we could sustain in hard times with local businesses only.”
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