Aristocrat Gaming has published its year-end report and financial results for 2022. The company reported growth in its North American segment and a gross profit of $956.4m, reflecting a 31.2% boost when compared to the previous year.
Aristocrat attributed the surge to expansion of both its Class III Premium and Class II Gaming Operations, as well as to growing strength and depth in its product portfolio.
According to the report, the company finished the year as a leader within the US market, with a portfolio performance that reached 1.4x floor average 1. Out of the top 25 games, the company contributed 19 titles to the list.
Aristocrat’s American operation yielded a total increase of $230.5m in profit tax, with its gaming margins growing from 53.3% to 55.9% by the end of the fiscal year.
Company CEO & MD Trevor Croker, and Chairman Neil Chatfield, said in a joint statement: “We are pleased to report that Aristocrat delivered a high-quality result for the 2022 financial year.
"Strong revenue and profit growth reflected our sustained investment in top-performing product portfolios, differentiating capabilities, increased operational diversification and business resilience.
“As we look ahead, we believe our outstanding product portfolios, growing operational resilience and capability, along with a highly engaged team and strong culture, positions us well to maintain our momentum, despite uncertain conditions.”
Aristocrat recently signed a multi-year deal with the New England Patriots that will name the company as an official partner of the team and Gillette Stadium. Under the terms of the agreement, Aristocrat will gain rights to in-game branding, signage throughout the stadium and game-day activations.
The partnership followed the company’s recent slot machine licensing agreement with the NFL. Aristocrat Gaming’s NFL license has paved the way to build land-based NFL-themed slot machines, which will offer fans a chance to choose their favorite team when playing those machines.
