Good Morning. Results continue to roll in, and takeover bids are rampant. Looking at Ainsworth, it got a bit of both – announcing a significant slump in net profit for the first half-year. However, it’s one step closer to a takeover by Novomatic, if all goes to plan. Staying in Australia, authorities have again gone after Crown, this time censuring Crown Melbourne for gambling breaches. And looking to the legislative side, Indian companies are in a panic, as the government proposes new legislation to ban real money in online gaming.
What you need to know
- Ainsworth Game Technology sees a 65 percent drop in its net profit for 1H25, despite a revenue surge.
- Crown Melbourne has been formally censured by the Victorian Gambling and Casino Control Commission over gambling breaches.
- A newly proposed bill aims to completely eliminate online gaming with real money in India, in a potentially fatal blow for the sector.
On the radar
- SkyCity’s largest shareholder rejects plans for capital raise: report.
- Novomatic makes unconditional off-market takeover bid for Ainsworth.
- PointsBet hails improved disclosure from Betr over unsolicited takeover bid.
- Donaco International to exit ASX on August 20th post-takeover.
- Macau MICE events grow 29.3% in 1H25, but attendance falls 11.2%.
AGB Intelligence
RESULTS
Ainsworth sees significant drop in net profit in 1H25
Australian gaming machine manufacturer Ainsworth Game Technology saw mixed results in the first half year, with revenue up but net profit falling by a significant 65 percent. However, the company’s EBITDA held steady and its balance sheet is still healthy. In addition, the company is one step closer to a takeover by Novomatic, pending a shareholder vote and subsequent approvals.
Corporate Spotlight
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Winning Trust, Stopping Fraud. Asia Pacific’s iGaming market is expanding extremely fast, and a new wave of digital-savvy players is pushing demand through the roof. But the rise in adoption has outpaced regulation in many markets, and fraudsters have taken notice.
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INTELLIGENCE | ASEAN | CAREERS
