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Aristocrat Bets on US Market

21 July 2003

AUSTRALIA – As reported by the Australian Age: “Aristocrat's future in the highly competitive US market appears a lot brighter after the world's biggest poker machine maker, International Game Technology, reported a 26 per cent increase in third-quarter earnings.

“Prominent analysts and fund managers said yesterday Aristocrat was well placed to take advantage of favourable market conditions after changing its senior management team, expanding its Mark 6 gaming machine range, and appointing high-profile gaming industry consultant Bob McMonigle.

“Perpetual Investments fund manager Matt Williams said: `I think you can take it that the market in the US is there for the taking if they (Aristocrat) are good enough.’ ABN Amro analyst Sean Monaghan said Aristocrat should do well in a buoyant market.

“…IGT last week reported net profit of $US103.7 million ($A160 million) against $US82.6 million for the previous corresponding period, on the back of increased sales of new cashless machines, games and systems.”

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