Losing hand for Poker maker - 29th October 2008

Abstracted from The Australian Financial Review


Aristocrat Leisure now expects its profit for the 2008 calendar year to be in the range of $A120m to $A150m, before one-offs. Previously, the poker machine maker predicted a full-year post-tax operating profit of between $A190m and $A200m. The reduced guidance, issued after the close of trade on 28 October 2008, was attributed to a decline in global operating conditions and slow uptake of "Generation 7" games. Aristocrat is currently searching for a new CEO


(Credit: Business Spectator)

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