Scientific Game

Ainsworth revenue down in 1H18 on domestic decline

Wednesday, 28 February 2018 04:11
Visit us

Australian slot machine manufacturer Ainsworth Game Technology has flagged a greater focus on international markets in the future after seeing its 1H18 revenue fall 2% year-on-year to AU$120.3 million, hurt by a 10% decline in domestic revenue to AU$37.1 million.

International revenues grew 2% year-on-year for the period to AU$83.2 million and comprised 69% of Ainsworth’s total sales – up from 67% in 1H17. Latin America was the big mover, seeing revenues climb 11% to AU$36.6 million while North America grew 3% to AU$38.3 million.

Sales in New Zealand, Asia and Europe fell 27% but the company said it “expected a good contribution” from Novomatic following its acquisition of a 52.2% stake in the company in January, with the European giant having committed to deliver 1,000 units.

“The 1H18 results are in line with our expectations,” said Ainsworth CEO Danny Gladstone. “We continue to make good progress in executing on our key strategies to grow and strengthen Ainsworth. 

“Our first half results provide a solid base for a strong second half performance. We enter H2 with good momentum and we are making continuing progress in growing in the Americas where our innovative technologies perform well. We expect to increase our units on participation, driving high quality earnings and strong cash flow. 

“We look forward to building our strategic relationship with Churchill Downs Inc and growing in new jurisdictions such as Washington. Our relationship with our partner Novomatic is also developing well and we expect to sell more kits and machines to them in the second half.”

EBITDA for the six months fell 22.9% to AU$24.6 million with normalised profit after tax down 16.6% to AU$13.6 million.

What's new

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Friday, 22 June 2018 07:06

Melco hosts workshop on Occupational Safety and Health Management for SMEs

Melco hosts workshop on Occupational Safety and Health Management for SMEs Melco Resorts & Entertainment Limited has conducted a workshop in which it shared with local SMEs the latest trends in Occupational Safety & Health Management Certification and Melco’s experience and expertise in the matter. The workshop attracted SME representatives from various industr... Friday, 22 June 2018 06:55

SJM grants Ina Chan 3 million ordinary shares

SJM grants Ina Chan 3 million ordinary shares Ina Chan, a newly appointed executive director at SJM Holdings and third wife of former Chairman Stanley Ho, has been granted share options totaling 3 million ordinary shares, the company has announced. The shares have an exercise price of HK$10.26 per share. Dr Chan was voted to the board at SJM... Friday, 22 June 2018 06:51

Korea’s foreigner-only casino turnover down 5.4% in 2017

Korea’s foreigner-only casino turnover down 5.4% in 2017 Korea’s foreigner-only casinos saw turnover fall 5.4% to KRW1.2 trillion (US$1.1 billion) in 2017 according to figures released this week by the National Gambling Control Commission (NGCC). The fall in casino gaming activity was linked to a similar 6.2% decline in casino visitation to 2.2 million... Friday, 22 June 2018 06:35

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27