A high-ranking entertainment division, Ainsworth Game Technology, a subsidiary of Aristocrat Leisure, forecasts earnings of AU$1 million (US$780,000) for the half-year period concluding December 31, 2021. This optimistic prediction follows a robust latter half of the year for the Australian gaming enterprise, fueled by enhanced market circumstances and elevated anticipations for income and gains.
These estimates exclude the singular divestiture of the company’s Nevada production facility for AU$33 million in March 2021. Disregarding interest, taxes, depreciation, and amortization, the corporation anticipates earnings to attain AU$13.2 million for the second half of the year, a substantial 128% surge compared to the initial half. In total, Ainsworth projects AU$19 million in earnings before interest, taxes, depreciation, and amortization for the complete year.
This declaration trails a recent five-year, US$30 million agreement with GAN Limited, a prominent B2B provider of internet gaming software-as-a-service solutions. This collaboration grants GAN entry to Ainsworth’s collection of online real-money games in the United States, encompassing both current and forthcoming titles. Ainsworth presently provides 79 exclusive game titles, with intentions to consistently introduce fresh content through this alliance, which commenced on July 1, 2021.
The sole agreement will witness GAN integrate Ainsworth’s existing online operations in New Jersey and its expansion strategies for Michigan and Pennsylvania. This tactical maneuver enables Ainsworth to concentrate on crafting premium, high-performing land-based gaming content, utilizing its proficiency to penetrate the continuously growing online market.
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