Supplier News
Australia – Historical Horse Racing to help drive profits of $20m for Ainsworth
By Phil - 15 May 2023
Ainsworth Game Technologies has said that based on current forecasts it expects to report a Profit before Tax, excluding currency impacts and one-off items, of approximately $20m for the six months ending 30 June 2023.
The company continues to see revenue growth across North American markets, benefiting from expansions of its Historical Horse Racing (HHR) products in new and established jurisdictions. Good
momentum in units under gaming operations has been maintained, including the placement of 400 units
under participation at VictoryLand in Alabama. The continued success and high performance of the
Gamblers Gold multigame series of products has resulted in additional units being sold in South Dakota
and Louisiana in the current period with the planned introduction within other states as regulatory field
trials are completed.
Latin American revenue is expected to increase by at least 25 per cent in H1CY23 compared to revenue of
$33.1m achieved in the previous six-month period ended 31 December 2022. This increase is expected to include a higher proportion of sales within Argentina in the current period to utilize import permits granted. The introduction within this region by the Central Bank of tighter import restrictions is expected to limit second half contributions.
Harald Neumann, Chief Executive Officer said: “I am encouraged by the continued growth being
experienced and remain confident that the investments and development initiatives we have undertaken
will enable the Company to maintain the positive revenue growth trajectory in coming periods.”
