Morningstar assesses limited AI threat to Aristocrat and Light & Wonder machine businesses
Deals & M&A · SectorWire deskSource published
Summary
Morningstar Equity Research considers AI a limited threat to Aristocrat and Light & Wonder’s land-based gaming businesses. It cited licensing, regulatory relationships and installed machine bases as protections. Morningstar estimated that the companies together supply more than 60% of leased gaming machines in North America.
Why it matters
Morningstar's assessment identifies licensing and established operator relationships as protections for the suppliers' machine earnings.
Last close AUD 59.76 on 2 October 2026. AUD 63.41 on the story date (18 August 2026). Range AUD 58.39 to 66.26, axis not from zero. Delayed end-of-day data, not live. Not investment advice.
Cite as: SectorWire, “Morningstar assesses limited AI threat to Aristocrat and Light & Wonder machine businesses”, 18 August 2026, https://sectorwire.news/item/morningstar-sees-limited-ai-risk-for-aristocrat-and-light-wonder/
Key facts
- Parties
- Aristocrat, Light & Wonder, IGT, Ainsworth
- Shares
- Aristocratdown 0.6%1DLatest close · change from previous closeASX: ALL · · end-of-day, delayedLight & Wonderdown 1.2%1DLatest close · change from previous closeASX: LNW · · end-of-day, delayed