Australian slot machine supplier Ainsworth Game Technology said Friday it anticipates recording a profit before tax of around AU$20 million (US$13.3 million) for the six months ending 30 June 2023, aided by strong revenue gains in the North American and Latin American markets.
The company previously reported profit before tax of AU$7.3 million (US$4.9 million) and profit after tax of AU$5.9 million (US$3.9 million) for the six months to 31 December 2022.
In a trading update, Ainsworth explained that it continues to see revenue growth across North American markets, benefiting from expansions of its Historical Horse Racing products in new and established jurisdictions. It also outlined momentum in units under gaming operations and the “continued success and high performance” of its Gamblers Gold multigame series with additional units sold in South Dakota and Louisiana. The product is expected to be introduced in other states as regulatory field trials are completed, the company added.
In Latin American, Ainsworth said revenue is expected to increase by at least 25% in the current period compared to revenue of AU$33.1 million (US$22.0 million) achieved in the six months to 31 December 2022. This is due to its efforts to maximize sales in Argentina while able to utilize import permits, with the introduction by the Central Bank of tighter import restrictions expected to limit second half contributions.
“I am encouraged by the continued growth being experienced and remain confident that the investments and development initiatives we have undertaken will enable the company to maintain the positive revenue growth trajectory in coming periods,” said Ainsworth CEO, Harald Neumann.
RelatedPosts
