In a recent update to the Australian Securities Exchange, casino technology provider Ainsworth Game Technology Ltd revealed optimistic projections for its financial performance, citing a normalized profit before tax of approximately AU$18.0 million ($12.26 million) for the six months ending December 31, 2023. The company emphasized that this figure excludes currency impacts and one-off items, with the final result contingent upon the completion of period-end closing and audit procedures.
Looking ahead to the end of this year, AGT anticipates a normalized profit before tax of AU$41.3 million ($28.14 million), underscoring its confidence in sustained growth. A notable highlight from AGT’s update is the development of the A-STAR Raptor cabinet, showcased for the first time at the Global Gaming Expo in October 2023. AGT reported that the Raptor cabinet is now fully constructed, approved in various North American markets, and poised for initial installations towards the end of CY23.
AGT is set to release its audited Financial Report for CY23 on Wednesday, February 28, 2024, before the market opens, providing stakeholders with a comprehensive overview of the company’s financial health and performance.
Harald Neumann, AGT’s Chief Executive Officer, expressed satisfaction with the company’s progress, particularly highlighting the successful launch and commercialization of the Raptor cabinet. Neumann also pointed to AGT’s expanding presence in Historical Horse Racing (HHR) markets, citing recent property openings in Kentucky and New Hampshire. He noted that the positive outcomes of previous investments in research and development are expected to contribute significantly to the company’s financial performance in the upcoming periods.
The announcement signifies AGT’s commitment to transparency and underscores the company’s strategic initiatives aimed at maintaining a competitive edge in the evolving gaming technology landscape. Investors and industry observers will now be keenly awaiting AGT’s audited financial report for CY23 to gain deeper insights into the company’s achievements and prospects for the future.
