• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 1 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Ainsworth looking to resume dividend payments post-2023

Ben Blaschke by Ben Blaschke
Mon 22 May 2023 at 04:45
9
SHARES
229
VIEWS
Print Friendly, PDF & Email

The Chairman of Australian slot machine manufacturer Ainsworth Game Technology has informed investors that the company hopes to resume the payment of dividends by next year as post-COVID operating conditions continue to stabilize.

Speaking at the company’s 2023 Annual General Meeting on Friday, non-executive Chairman Danny Gladstone said Ainsworth has focused its resources on returning to full capacity in 2023 but is already eyeing the return of dividends in the near future.

“With the current economic uncertainties combined with supply chain challenges, an increased level of working capital, primarily inventory levels, were considered necessary to ensure continuity in production to fulfil expected sales volumes in calendar year 2023,” Gladstone said.

“Once these conditions stabilize and operational requirements can be reliably determined, the Board maintains its commitment to review the recommencement of dividend payments to our shareholders.

“Our priority remains to maintain a strong balance sheet to self-fund our growth strategies and product investments. We have implemented processes and recruited new talent to ensure improvements in outputs of our R&D (research and development) initiatives which is expected to lift the competitiveness of our products. We are offering more value to our customers and have a new organizational structure and financial capability to support these strategies.”

Ainsworth CEO Harald Neumann told investors in a presentation of his own that R&D investment has included the launch of two new studios in North America, aimed at complementing existing studios in Las Vegas and Sydney.

“These new studios are led by industry veterans with significant experience and are expected to provide more creativity and diversity to our current product offerings,” Neumann said.

“Quality initiatives have already started to improve game designs, mathematics, and graphical arts to create a more diverse and targeted range of product offerings to our customers. I look forward to updating you on these improvements as we progress.”

Neumann added that the company had needed to improve the output of its R&D investment, having under-performed across key markets in recent years.

“We expect that these initiatives will lift the competitiveness of our product and offer more value to our customers,” he explained. “An established product road map and strategies to upgrade game performance is in place to achieve sustainable long-term results across global markets. The ability to quickly deliver new products to market that can provide better results for our customers is critical to our long-term success.”

The update come safter Ainsworth recently said it expects to record a profit before tax of around AU$20 million (US$13.3 million) for the six months ending 30 June 2023, up from a profit before tax of AU$7.3 million (US$4.9 million) for the six months to 31 December 2022. The change in fortunes has been credited to strong revenue gains in the North American and Latin American markets.

RelatedPosts

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

Tue 1 Jul 2025 at 06:08
Star celebrates long-awaited opening of AU$3.6 billion Queen’s Wharf Brisbane development

Star’s Hong Kong partners terminate deal to acquire 100% of Queen’s Wharf Brisbane

Mon 30 Jun 2025 at 13:40
Soo Kim to Star Entertainment shareholders and other stakeholders: “I won’t let you down”

Soo Kim to Star Entertainment shareholders and other stakeholders: “I won’t let you down”

Mon 30 Jun 2025 at 06:10
Renowned gaming lawyer Jamie Nettleton to represent IMGL on Judging Panel for inaugural RTG Global Awards

Renowned gaming lawyer Jamie Nettleton to represent IMGL on Judging Panel for inaugural RTG Global Awards

Sun 29 Jun 2025 at 17:53
Load More
Tags: Ainsworth Game TechnologyAustraliaDanny GladstoneDividendsHarald Neumannslot machines
Share4Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

New Zealand introduces Online Casino Gambling Bill to parliament

by Newsdesk
Tue 1 Jul 2025 at 06:14

New Zealand’s Minister of Internal Affairs Brooke van Velden has officially introduced the country’s Online Casino Gambling Bill to the House of Representatives. The bill, which aims to regulate New Zealand’s online gambling market by offering up to 15 licenses...

Genting Malaysia’s New York subsidiaries price an additional US$100 million senior notes as equity raising continues

Genting Malaysia says full casino operations could be launched within six months if New York bid successful

by Ben Blaschke
Tue 1 Jul 2025 at 06:11

Genting Malaysia said Monday that it could launch table game and complete slot machine operations at its New York casino, Resorts World New York City (RWNYC), should it win one of three full casino licenses on offer in New York....

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

by Newsdesk
Tue 1 Jul 2025 at 06:08

Japanese gaming supplier Konami Gaming, Inc has announced the promotion of long-time executive Tom Jingoli to President and COO of the company, as well as Managing Director of subsidiary Konami Gaming Australia Pty Ltd. Steve Sutherland, CEO of Konami Gaming...

Thai government confident of passing IR bill into law as early as mid-2025

Thai government says House debate of casino bill will only be postponed for a month

by Newsdesk
Mon 30 Jun 2025 at 14:46

House debate on Thailand’s controversial Entertainment Complex Bill will be delayed by only a month, the ruling Pheu Thai Party said Monday – seemingly allaying industry fears that the bill could be dropped altogether. In comments reported by The Bangkok...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English