Aristocrat Leisure climbs as Jefferies sees it consolidating No. 1 slot-machine position
Aristocrat Leisure gained as much as 1.3% to A$60.17, its highest since September 24. Jefferies said casino operators see no slowdown in traffic, revenue or slot-machine investment, expecting Aristocrat to keep its lead while Light & Wonder makes incremental gains.
17, its highest level since September 24. Jefferies said casino operators have not seen any slowdown in traffic, revenue or slot-machine investment, despite softer August gaming revenue and consumer concerns. The brokerage said Aristocrat is expected to consolidate its No. 1 position, while US-based Light & Wonder is making incremental share gains as the No.
2 slot-machine supplier. Jefferies also said LNW has a "significant premium opportunity" as operators may give it more floor space because of ALL's already sizeable presence. It said LNW's Australian depositary receipts should rebound, while ALL is seeing strong growth in online casino gaming share. 7% slump in LNW's Australian depositary receipts.