The Australian gaming firm, Ainsworth Game Technology, announced a substantial increase in earnings for the latter half of 2022. Their income reached $72.3 million, a 40% surge in comparison to the corresponding timeframe in 2021. This accomplishment was driven by robust demand for their Historical Horse Racing (HHR) devices, notably a sizable transaction of 400 units within the North American region. The enterprise also emphasized a recovery in their Latin American sector and expansion within their internet gaming segment. Foreign revenue now constitutes the majority of their operations at 83%. Although earnings in their domestic Australian market experienced a minor decline, their North American revenue escalated by 33%, attaining $5.4 million. In summary, Ainsworth transitioned from a considerable deficit in 2021 to a profit of $9.1 million in 2022.
AGTs CEO, Harald Neumann, expressed great satisfaction with the firm’s results for the initial six months. He attributed this achievement largely to the revitalization of significant global markets and the worldwide economic upswing. Neumann anticipates this upward trajectory to persist, especially in regions like Australia and Latin America. Simultaneously, the company is making substantial investments to bolster its fundamental game development and technological proficiencies.”
Neumann further emphasized, “Our capacity to swiftly introduce novel offerings and consistently furnish our players with exceptional encounters is paramount to our sustained prosperity. We eagerly await sharing further developments regarding our advancements shortly.”
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