Australian slot machine developer Ainsworth Game Technology says it has begun a restructuring of its product development area as it looks to increase domestic market share.
The restructure follows the recent release of the company’s FY19 financial results, which saw a 12% decline in revenue and 66% fall in profit after tax – primarily due to a subdued performance in the local Australian market.
In a Friday ASX filing announcing the resignation of Chief Technology Officer, Kieran Power, Ainsworth said the restructuring of its product development area is currently underway with the goal of creating and delivering new offerings.
“We have a number of projects in the pipeline which we expect will assist in regaining market share domestically and create further opportunities internationally,” said CEO Lawrence Levy.
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