Ainsworth Gaming witnessed a significant recovery in the initial six months of the 2022 fiscal year, as earnings escalated by 40% to hit AU$100.7 million (US$72.3 million). This remarkable surge was driven by a confluence of elements, including robust results in their Historical Horse Racing (HHR) division, especially in the North American market where they shifted 400 units from a shared arrangement to direct purchases. The firm also reaped the benefits of the resumption of gaming establishments in Latin America and sustained expansion in their digital ventures. Consequently, global revenue climbed by 59% and now constitutes the majority (83%) of their overall earnings. Although Australian revenue experienced a minor decline, the company’s emphasis on recurring income streams, which expanded by 28% in the first half, appears to be yielding positive outcomes. In summary, Ainsworth recorded a profit of AU$9.1 million, a striking reversal from the AU$50.1 million deficit they incurred during the corresponding period the previous year when the pandemic significantly disrupted the sector.
“AGTs CEO, Harald Neumann, expressed great satisfaction with the firm’s results for the initial six months, attributing the success primarily to the revitalization and rebound of significant global markets. He anticipates this upward trajectory to persist, especially in Australia and Latin America, noting that strategic allocations are being made to bolster game development and technological prowess.”
“Neumann emphasized the critical importance of swiftly introducing novel and groundbreaking products while consistently guaranteeing an exceptional user experience for sustained achievement. He eagerly anticipates providing further updates on their advancements.”
