JP Morgan Securities Australia issued an investor note last week that identified Aristocrat Leisure Limited as a company “well-positioned” to expand its online delivery of content during the worldwide Covid-19 shutdown.
“As casinos close around the world, there is evidence of players migrating online. Aristocrat Leisure looks well positioned to take advantage of this trend, with its top-three social casino titles surging in the U.S. Android game rankings during March,” wrote analysts Donald Carducci and Abhinay Jeggannagari.
The analysts noted that players are increasingly migrating to online gaming sites during the coronavirus shutdown. “It is unclear whether this theme leads to longer-term behavior switching, but if casino closures continually extend, it is possible customers change habits,” they wrote.
JP Morgan issued a note at the very beginning of the coronavirus crises identifying Aristocrat as one of the suppliers best positioned to survive the industry shutdown.
