Australia | 12:24 PM
Aristocrat Leisure has hooked Big Fish, a US social casino app developer, which is expected to boost recurring revenue. The acquisition confirms a stronger focus on digital gaming.
-Aristocrat’s exposure to digital gaming significantly increases
-Difficult to predict when social casino apps will stop growing
-Digital opportunities prevail, capital management potential despite structural decline in slot expenditure
By Eva Brocklehurst
Digital gaming is expected to become the largest contributor to Aristocrat Leisure’s ((ALL)) revenue after incorporating the latest acquisitions. This highlights a change in focus and a boost to recurring revenue as a percentage of the total.
Digital game developer Big Fish, a subsidiary …
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