Australian gaming enterprise, Ainsworth Game Technology, anticipates a robust conclusion to their financial year, estimating pre-tax earnings of AU$1 million (US$780,000) for the six-month period concluding December 31, 2021. This optimistic projection is driven by a recovering worldwide market post-COVID-19 pandemic, which has bolstered the company’s revenue and profit anticipations for the latter half of the year.
This profit forecast disregards the influence of exchange rate variations and singular occurrences, like the AU$33 million profit from the March 2021 divestiture of the company’s Nevada production facility. Ainsworth projects earnings before interest, taxes, depreciation, and amortization (EBITDA) to hit AU$13.2 million for the second half of the year, representing a substantial 128% surge compared to the initial half. For the complete fiscal year, EBITDA is estimated to be AU$19 million.
Solidifying their standing further, Ainsworth recently secured a five-year, US$30 million arrangement with GAN, a prominent gaming provider. This pact grants GAN access to Ainsworth’s present and forthcoming online real-money games within the United States. Boasting a collection of 79 exclusive games, Ainsworth is poised to utilize this collaboration to provide a steady flow of novel and captivating content. Effective July 1, 2021, the agreement will see GAN incorporate Ainsworth’s current online operations in New Jersey, along with its expansion strategies in Michigan and Pennsylvania. This tactical maneuver enables Ainsworth to concentrate on crafting premium, high-performing land-based gaming content while capitalizing on the burgeoning online market.
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