0012 GMT - Bell Potter analyst Baxter Kirk says the new Phoenix Link game from Australia-based slots maker Aristocrat is growing at a record pace, according to his review of data from gaming consultancy Eilers & Krejcik. Kirk tells clients that the Phoenix Link game has grown to 750 units, and that four months of game performance data shows the game is likely growing its install base ahead of expectations. Although consumer sentiment has weakened in the U.S. amid high inflation expectations, Kirk notes there hasn't been a relationship between U.S. gross gaming revenues and consumer sentiment, though he says tariff uncertainty could still add to risks. He adjusts his target price on Aristocrat to A$83/share from A$85/share, but retains a buy rating. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
April 01, 2025 20:12 ET (00:12 GMT)
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