Aristocrat Leisure (ASX:ALL) withdraws outlook guidance

Company News

by Rachael Jones

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$21.080 $0.378 1.82%
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Last Updated: 30/03/2020 3:58 PM

Aristocrat Leisure (ASX:ALL) today announced that given continuing uncertainty as to the extent and duration of the impacts of COVID-19, it is appropriate to withdraw the Group’s Outlook Statement.

They say in global land-based markets, softer demand is becoming evident as a number of customers initiate temporary venue closures and adopt a more cautious approach to capital expenditure.

Digital bookings are unaffected at this time.

The Group has been monitoring and putting in place appropriate responses to COVID-19 for several months, beginning with its Macau and Asia Pacific operations.

Aristocrat is executing comprehensive short and longer term risk management and mitigation plans, with the intention to position the business to emerge from the challenges caused by COVID19 as quickly and strongly as possible.

Shares in Aristocrat Leisure (ASX:ALL) are trading 5.86 per cent lower at $20.07.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.