It has been an unpleasant year for all ASX-listed gaming stocks of almost all persuasions – outside of Aristocrat Leisure – given the increasingly eagle-eyed regulators and reluctance from investors.
One of those has been Aristocrat’s smaller poker machine rival, Ainsworth Game Technology, which trades at a far lower multiple than its larger peer. Now the company appears to be doing something about it, and is in discussions with advisors at Macquarie about setting up a data room to consider whether there’s a suitor that could take it private.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
