Aristocrat Gaming CEO Hector Fernandez says online gaming no threat to long-term health of land-based casinos

Aristocrat Gaming CEO Hector Fernandez says online gaming no threat to long-term health of land-based casinos

Article brief provided by Inside Asian Gaming
  • Ben Blaschke, Inside Asian Gaming
June 2, 2023 3:07 PM
  • Ben Blaschke, Inside Asian Gaming

Global gaming giant Aristocrat has been busy investing in online gaming platforms of late, but the CEO of the company’s gaming division says land-based casinos will continue to play an important role in the industry’s long-term growth.

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Hector Fernandez told news outlet CNBC while in Singapore for G2E Asia this week that he expects land-based, physical gaming to grow in a “robust way” in the coming years – rejecting concerns that digital and online gaming platforms may one day replace the traditional casino experience.

That’s despite Aristocrat investing heavily in its online, real money gaming (RMG) segment in recent months via the acquisition of platform providers Roxor Gaming and NeoGames.