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Aristocrat Leisure Limited ( (AU:ALL) ) just unveiled an announcement.
Aristocrat Leisure Limited has completed the sale of Plarium Global Limited to Modern Times Group, following a strategic review of its casual and mid-core gaming assets. The proceeds will support Aristocrat’s long-term growth strategy, with a focus on regulated gaming and gaming-themed content. The company will restructure Big Fish Games to concentrate on existing titles and discontinue the Pixel United reporting segment, integrating Product Madness and Big Fish into a new segment. Executive leadership changes will also support these strategic shifts, positioning Aristocrat for accelerated growth and enhanced shareholder value.
More about Aristocrat Leisure Limited
Aristocrat Leisure Limited is a global entertainment and gaming content creation company. It operates through three main business units: regulated land-based gaming, mobile games publishing, and regulated online real money gaming. The company provides a variety of products and services, including electronic gaming machines, casino management systems, free-to-play mobile games, and online real money games, aiming to entertain millions worldwide.
YTD Price Performance: 7.93%
Average Trading Volume: 2,594
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.04B
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