Australia's Aristocrat rises as Jefferies sees casino crown staying put
BUZZ-Australia's Aristocrat rises as Jefferies sees casino crown staying put ** Slot machine maker Aristocrat Leisure ALL.AX gains up to 1.3% to A$60.17, scaling its highest point since September 24.
** Jefferies says casino operators see no slowdown in traffic, revenue or slot-machine investment despite softer August gaming revenue and consumer concerns
** Expects Aristocrat to consolidate its No. 1 position, while US-based Light & Wonder LNW.AX LNWO.PK makes incremental share gains as the No. 2 slot-machine supplier
** Jefferies sees a "significant premium opportunity" for LNW as operators may allocate it more floor space given ALL's already sizeable presence
** Brokerage says LNW's Australian depositary receipts should see a rebound, while ALL sees strong growth in online casino gaming share
** YTD, ALL is up 2.8%, vs a 29.7% slump in LNW's Australian depositary receipts
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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