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Social casinos and online games propel poker machine giant Aristocrat to $1.3bn profit

Australian company, world’s biggest poker machine maker, boosts profit by 21% thanks to US expansion and focus on mobile ....

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Addicted to losing: How casino-like apps have drained people of millions

Addicted to losing: How casino-like apps have drained people of millions
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Aristocrat Gets Court OK to Settle $155 Million Social Casino Suits

March 3, 2021, 11:34 am
·
Australian slot machine maker Aristocrat Leisure will finally be able to close the book on two class action lawsuits against its social gaming arm Big Fish Games after a US district court has given a final approval to a $155 million settlement announced last year.
The cases were brought in Washington by players who argued that Big Fish
“illegally profited” from tens of thousands of people who played on its Big Fish Casino, Jackpot Magic Slots, and Epic Diamond Slots social casino platforms.
Big Fish develops various social casino games such as slots, blackjack, and poker. All these are free to download. Players are initially awarded a certain amount of virtual chips but when they exhaust these, they need to ....

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Aristocrat Leisure Limited receives federal court consent

March 2, 2021
In the United States and a federal court has reportedly signed off on the $31 million arrangement Australian gaming machines innovator Aristocrat Leisure Limited agreed last May in order to settle a pair of class-action lawsuits.
According to a report from Inside Asian Gaming, the Sydney-listed firm was being sued in the United States District Court for the Western District of Washington amid allegations that a trio of its social gaming platforms had been offering online games of chance that are prohibited under the western state’s laws. The source explained that the legal actions filed by plaintiffs Cheryl Kater, Suzie Kelly and Manasa Thimmegowda concerned the Epic Diamond Slots, Big Fish Casino and Jackpot Magic Slots services run by the Big Fish Games Incorporated enterprise the Australian company had earlier purchased from Churchill Downs Incorporated for $990 million. ....

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RBA leaves cash rate at a record low: ASX closed 0.4% lower

RBA leaves cash rate at a record low: ASX closed 0.4% lower
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