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Australian Slot Maker Set To Enter Nevada Market

28 July 2000

SYDNEY, Australia -- Investors bid up the price of shares of Aristocrat leisure Ltd., Australia's No. 1 slot machine maker, after Nevada gaming regulators agreed to review its license application next month.

The announcement signals the Sydney-based company is on target to receive a license to sell slots in Nevada, the largest market in the United States.

Aristocrat, which attributes more than 30 percent of its earnings to offshore sales, has been looking to expand in the United States, Japan and South Africa to offset slowing sales in Australia's slot machine market.

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