ASX Announcements
November
Light & Wonder eyes UAE after strong North America gains
The Caledonia-backed gaming giant has brushed off concerns about court action from its major rival Aristocrat, claiming the financial impact is not material.
- Zoe Samios
- Opinion
- Chanticleer
This market darling just did another U-turn. Investors love it more
A $1.5 billion deal shows why Aristocrat Leisure has lifted the ASX 200 more than just about any other company this year.
- Updated
- Anthony Macdonald
PwC settles for millions; Rex exit raised fares; Musk’s job cutters
Read everything that’s happened in the news so far today.
Aristocrat sells fantasy mobile games publisher for $1.2b
The pokies manufacturer is refocusing on slot machines, lotteries and social casinos, divesting itself from the owner of a popular RPG.
- Zoe Samios
October
Labor MP blasts tax credit scheme as gambling firms claim millions
Revelations that gambling companies have been spending millions on R&D tax credits have come as a surprise to some senior figures in Labor.
- Zoe Samios and Ronald Mizen
Unlikely winners of ATO’s R&D tax rules
The tax office’s first transparency report on R&D tax credits reveals the unlikely winners of the system.
- Mark Di Stefano
September
Aristocrat wins dragon game injunction against Caledonia-backed rival
The ruling prevents Light & Wonder from selling, leasing, or making money from its game Dragon Train in the US.
- Zoe Samios
July
Class action claims Aristocrat breaking gambling laws
Lightning Link, Heart of Vegas and other social casino games are a lucrative and growing business. But some users allege the company is being misleading.
- Zoe Samios and Primrose Riordan
Perth billionaire Escalante battles copycats and hostile letters in US
The businessman created a lucrative gambling market stateside from scratch. Now competition and regulation may force the company to change tack.
- Primrose Riordan
June
Why pokies giant Aristocrat is doing a U-turn on computer games
Aristocrat Leisure went big into developing non-gambling computer games less than a decade ago. Now it is considering an exit, in full.
- Anthony Macdonald
May
The ASX stocks fundies are avoiding – and what they’re backing instead
With the ASX 200 trading within 50 points of its record high on Monday, here’s what these fund managers think could be ripe for a re-rate.
- Joshua Peach
Aristocrat pops as pokies giant takes share in lucrative US market
Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.
- Zoe Samios
- Opinion
- Chanticleer
How gridiron and cartoon elves sent this ASX giant surging
The 12 per cent surge in Aristocrat Leisure’s share price reflects a solid profit beat. But there’s a secret sauce behind its long track record of growth.
- James Thomson
April
The eight stocks most loved by Australia’s best fund managers
Despite the headwinds, CSL is still loved by the top stock pickers. CBA and BHP are also widely held – but not as widely as expected.
- Joshua Peach
March
Dragons could help pokies maker Light and Wonder spread its wings
Aristocrat’s newest rival has enjoyed strong share price growth in its first year on the ASX. A controversial new game holds the key to its future.
- Zoe Samios
Aristocrat rival says it did not steal trade secrets for dragon game
Aristocrat is suing its main rival over claims it used confidential trade secrets to rip off one of its games. Light & Wonder has attempted to have the process thrown out of court.
- Zoe Samios
Pokie rivals in bitter court dispute over dragon games
Aristocrat claims it has lost revenue and market share to its rival, which allegedly copied one of its top games. Light & Wonder described the lawsuit as baseless.
- Zoe Samios
February
This CEO chose a job because it sounded fun. Now he runs a $12b company
Light & Wonder CEO Matt Wilson was offered two graduate jobs. His father recommended he opt for the media company role but Wilson was already hooked on gaming.
- Sally Patten
November 2023
Ausbil thinks this small cap could be the next Aristocrat
Portfolio manager Andrew Peros likes an ASX-listed gaming operator and says the shares of family tracking device Life360 – up 55 per cent this year – has more to run.
- Joanne Tran
Ainsworth confirms Macquarie review, could take itself private
Aristocrat said it was assessing all strategic options, but has received no expressions of interest.
- Zoe Samios