Aristocrat Leisure better positioned in gaming machines than online gaming, says Morningstar
ReutersMar 24, 2025 11:31 PM
Shares of Aristocrat Leisure ALL.AX rise 1.7% to A$68.02
Morningstar thinks the market is too optimistic about gaming firm's online real-money gaming venture
Aristocrat is yet to replicate the same competitive strengths enjoyed in gaming machines - Morningstar
Morningstar says restructuring of its Big Fish games and Plarium divestment underlines co's focus on gambling content, its core strength
Investment research firm also notes Aristocrat's North American installed base of over 71,000 machines is more than rival Light & Wonder's LNW.AX installed base of about 34,000 units
Morningstar maintains fair value estimate A$50 and "medium" uncertainty rating
Stock down 2.2% YTD, including current session's moves
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