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Australian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global workforce until the end of June.”Sportsbetting success:Yogonet.told the newspaper…“We find ourselves in even more difficult economic conditions than when this legislation started and completion of this project could not come soon enough considering the overall economy of our city and nation at this time....

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According to a report from GGRAsia, the Sydney-listed innovator used an official filing to detail that it will be laying off around 1,000 full-time workers and cutting a further 200 roles permanently in hopes of saving about .Ambiguous estimate:As to when it believes the global land-based casino market will eventually start to improve and Aristocrat Leisure Limited reportedly pronounced that any timetable would be ‘highly uncertain’ but that it envisions ‘venue re-openings will take place on a phased basis’ as consumer confidence improves and governments begin to ease ‘social distancing and travel limitations. These changes, and other prudent steps we are taking as part of our coronavirus response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty....

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Executive endeavor:Aristocrat Leisure Limited reportedly declared that the moves, which will also encompass the repositioning of some 200 workers from full to part-time roles, are to be implemented after ‘almost all’ of its land-based business partners suspended operations from mid-March in response to the coronavirus outbreak.’Aristocrat’s filing reportedly read…“Aristocrat Leisure Limited continues to implement a comprehensive coronavirus response, focused on protecting its strategic advantages and positioning the land-based business to respond quickly as demand returns.”Financial fitness:GGRAsia reported that the Australian innovator additionally used the filing to proclaim that its digital business is continuing to ‘perform strongly with higher bookings and player engagement evident across most of the portfolio’ and will likely account for approximately 40% of its aggregate annual revenues....

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Ambiguous estimate:As to when it believes the global land-based casino market will eventually start to improve and Aristocrat Leisure Limited reportedly pronounced that any timetable would be ‘highly uncertain’ but that it envisions ‘venue re-openings will take place on a phased basis’ as consumer confidence improves and governments begin to ease ‘social distancing and travel limitations.com explained that these machines have long been operated in something of a ‘grey zone’ although 60-year-old Northam later purportedly declared that he will veto any subsequent legislation that could supply these innovations with a more secure legal footing. These changes, and other prudent steps we are taking as part of our coronavirus response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty....

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