ASX closes flat; travel stocks gain
Australia’s share market was flat in quiet trading despite Friday’s gains on Wall Street. Stocks closed down 4.7 points with the energy sector and travel stocks posting gains.
Australia’s share market was flat in quiet trading despite Friday’s gains on Wall Street. Stocks closed down 4.7 points with the energy sector and travel stocks posting gains.
The largest deal in the history of Aristocrat Leisure, its $5bn bet on acquiring UK online gambling software and content supplier Playtech, is all about growing in the online world.
The S&P/ASX 200 index finished up 1.7 points at 7415.4 after ranging between 7403.7 and 7446.7. It was capped near Wednesday’s high, ending a 5-day run of higher peaks.
Paying $5bn for UK gaming software supplier Playtech is better than Aristocrat building its own online platform, analysts say.
Aristocrat Leisure is laying foundations to become a global leader in the $94.4bn real money gaming industry with its $5bn bid for Playtech.
Analysts have thrown their support behind Aristocrat Leisure’s $3.9bn buyout of British-based gambling software and content supplier Playtech.
If it pulls it off its move on London-listed business Playtech, Australia’s Aristocrat will be one of the leading gaming operations in the world.
Aristocrat will pay as much as a 58 per cent premium to the London listed Playtech’s last trading price.
The S&P/ASX 200 index closed at 7381.1 points with miners and banks leading the way, although economic data from China and New Zealand stoked inflation fears and sent bond yields up.
With their eyes firmly on the SG Lotteries float, Jamie Odell and his Scientific Games aren’t leaving their recruitment choices to chance.
The ASX recovered to finish steady after the RBA said the economy will ‘bounce back’ from Delta. Iron ore prices tumbled.
Powerhouse Sydney FC stand in the way of Melbourne City winning a maiden A-League championship.
Aristocrat Leisure says it is poised to return to growth, forecasting a 12 per cent bounce to net profit based on unaudited accounts.
Australia’s share market trimmed a solid intraday rise to close up 0.1% at the day’s low of 7023.6; CBA, Aristocrat, Xero, gold miners up.
Poker machine king Len Ainsworth once had a hole blown in his factory roof by a bomb. Business was different in those days, he says.
There’s work to do for this 97-year-old who heads into the office each weekday. Although he did have to give up skiing recently.
Aristocrat Leisure CEO Trevor Croker says the gaming firm is on track to return to growth after a ‘unique and challenging’ 2020.
The raven-haired minor aristocrat with a nose ring created a new idea of conventional beauty which meant that she was in constant demand.
Pokies maker Aristocrat will continue to pay a dividend, despite tapping the government for millions in JobKeeper payments halving full year profit.
Original URL: https://www.theaustralian.com.au/topics/aristocrat/page/3