Aristocrat Leisure Completes Sale

As reported by the Aristocrat Herald Sun: "Gaming machine company Aristocrat Leisure has completed the sale of a 28 per cent interest in its African operations to a local partner.

"Aristocrat said it would record a net profit of about $6 million on the partial sale to Yabohle Investments -- a consortium led by Matemeku Investments.

"The consortium was established under the South African Government's Black Economic Empowerment initiative and it has interests in mineral, technology, hospitality and tourism.

"…Aristocrat's poker machine business has undergone a resurgence. It recently invested in new forms of electronic gaming machines and is seeking to add to its gaming technology and intellectual property…"

2006-06-27