“Aristocrat Leisure’s regular management roundtable ahead of its full year results in November confirmed that the second half of the year has ‘tracked in line with expectations’,” Raymond said.
“North American Gaming has continued to be the primary driver of earnings. “There are signs of stabilisation, and even some green shoots in digital gaming. “The regulatory process around the NeoGames acquisition is progressing as planned.
“We have increased our NPATA estimates by 4% in financial year 2023 and 1% financial year 2024.
“Our target price rises from $45 to $46, and we reiterate an ADD rating,” Raymond said.
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