Overflowing optimism at Ainsworth Game Technology Limited
In September Danny Gladstone will be leaving his role as CEO of Ainsworth Game Technology Limited. Nonetheless, he has come out with a brave and optimistic statement, which state that the gaming company is in place to increase their market share in the coming financial year.
Ainsworth Game Technology Limited’s Strategic Plan
A recent report from GGRAsia gave an insight on Gladstone’s renewed positive outlook. Some of the reasons given by outgoing CEO Danny Gladstone were the fact that Austrian gaming firm Novomatic AG recently took over Ainsworth Game Technology. Additionally, his team was executing well laid out strategic plan.
Gladstone further said “By growing international auctions, capitalizing in-game technologies. Also cumulative recurring incomes from contribution and leveraging partnerships, we are consolidation Ainsworth Game Technology Limited and driving lucrative growth. It is the implementation of these strategies that will deliver the results.”
Ainsworth Game Technology
For the twelve months to the end of June, Ainsworth Game Technology Limited explained that it had written up total incomes of around $188.4 million. Along with some $4.8 million of these pending directly from its new association with Novomatic AG. Although this former number represented a decline of over 9% year-on-year. Gladstone detailed that second-half auctions rose by over 20% when associated with the past six-month period to reach an extra $103 million with the organization’s international business accounting for about 76% of takings.
Gladstone continues to say that “The chances with Novomatic AG will endure being reviewed. We have finished the expansion and addition of 20 Ainsworth Game Technology Limited pokie games. Which will be in use in North American brick and mortar casinos. We are examining other licensing prospects with land-based casino machine sales and taking a hustled approach.”
Ainsworth CEO’s Projection for the Future Ainsworth Game Technology Limited furthermore detailed that its annual profit before tax hit over $27.8 million. Which has improved compared to the previous guidance of $25.5 million.
“As we linger to execute our plans to grow our international footprint, widen product library and drive higher quality earnings. We are well in place to increase our market share.”