Aristocrat Leisure Limited, the famous Australian supplier of slot games for land-based and online casinos, has announced that it will spend a further 500 million Australian dollars to extend its on-market share buy-back program.
The company has already bought back shares worth 478 million Australian dollars since June 2022. Now the Board of Directors has approved an additional share buy-back effort worth 500 million Australian dollars until May 2024. However, the scheme can be terminated or modified by the company at any time, depending on the market opportunities.
Speaking about the share buy-back program, Trevor Croker, the Chief Executive Officer of Aristocrat Leisure Limited, explained that the company has a “consistently strong cash flow generation” and that allows it to “pursue a mix of returns to shareholders via dividends and share buy-backs while also investing in strategic acquisitions and organic growth initiatives.”
In fact, Aristocrat Leisure Limited has just completed the acquisition of Roxor Gaming, a business-to-business online real money gaming supplier, as it continues to develop its digital real money gaming business under the Anaxi brand.