Page 766 CDC Gaming Reports
Boyd Gamng Trms Costs Places Nearly 25000 on Furlough
Posted: April 15, 2020 Author: COR Y-Others
EVERI Holdings, which provides gambling games, financial technology, and royalty solutions for casinos, gaming industries, is the Reality of New Jersey, New Jersey. For line gaming, Everi It has announced that three slots (Atomic Meltdown, Double Jackpot, Triple Thread), which are popular with players, have been launched.
In New Jersey, 19 titles that have already been approved, such as Red Alert, Star Magic, and Zoltar Speaks, will be added.
This launch was all on PARX Online, part of PARX CASINO in Pennsylvania in January 2020, and in November 2019, GoldenNugetcasino. com, New Jersey, all exclusive games via Everi's remote game server. It is followed by the distribution of content.
SBA revises guidelines on forgivable loans, but AGA calls the resolution a ‘half-measure’
Posted: April 15, 2020 Author: COR Y-Others
The Small and Medium Enterprise Agency has revised the guidelines for small businesses that provide services to the casino industry so that certain companies have been able to apply for a part of the $ 349 billion salary protection program.
However, the US Gaming Association, a specific small gaming company that has been closed to follow the Coronavirus pandemic pandemic, "continues to be refused access to this important lifeline to support employees. It would be. "
AGA's Bill Miller, CEO, called the resolution in a statement "halfway."
"These changes mean a certain advancement, but to date, we have completely dealt with discriminatory policies that have restricted the use of important loan support that can be used through the CARES law. Millers are not enough. "
The change of the guidelines was over a week for more than a week by Washingto n-based industry groups, commercial casinos and supervisors in the tribal gaming.
2. 2 trillion dollar rescue, review, and established based on the Economic and Security Law (CARES Law), this program has a total income of less than $ 1 million and has less than 50 % from legal gaming. Not applied to SMEs. Such companies will lose their qualifications to apply for exempted loans.
Nevada Senator Jackie Rosen (Democratic Party) stated that SBA only takes "minimal measures" and needs "legal corrections" to support the gaming business.
"While the SBA has made some progress on this issue, the rules that exclude our gaming manufacturers and casinos are simply insufficient. "Nevada's small businesses are the backbone of our economy, and I will continue to work to ensure gaming businesses are fully included in COVID-19 relief.
Miller wrote to President Donald Trump last week, asking him to intervene on the issue, saying "hundreds of thousands of employees whose livelihoods depend on gaming" are being left out of the process.
President Trump was asked about the matter last Wednesday during his coronavirus press conference. At Monday's briefing, the issue came up again in a questioning of Treasury Secretary Steven Mnuchin.
Rep. Dina Titus, D-Nevada, whose district includes the Strip, said the CARES Act was enacted to provide relief to small businesses and their employees.
"The Trump Administration's attempt to arbitrarily pick winners and losers is detrimental to the economic recovery. It is clear that President Trump and Secretary Mnuchin do not understand the hardships faced by workers employed in Las Vegas and small gaming establishments across the country. That's why I will be introducing legislation soon to ensure that these small businesses are not left without relief."
Miller said the AGA will continue to push for changes to allow all small gaming operators to participate.
As Congress seeks to inject additional resources into the PPP, we look forward to working with Congress to make it clear that 'we are all in this together' by rejecting the SBA's dangerous view that gaming employees are undeserving of assistance during this unprecedented crisis," Miller said.
Members of Congress have written letters of concern to Trump, Mnuchin and SBA Administrator Jovita Carranza.
Miller said the AGA is "grateful for the leadership of this critical group of bipartisan, bicameral lawmakers." "They vigorously advocate for equal treatment of small commercial and tribal gaming operations in their respective communities."
In an April 2 letter to Carranza, Miller said the old guidelines excluded 350, 000 small business jobs in the casino industry across the U. S. The coronavirus pandemic has caused the closure of nearly 1, 000 commercial and tribal casinos in 43 states. It is unclear how long the closures will last.
According to AGA, more than half of the 1. 8 million employment supported by gaming is a business other than gaming, such as restaurants and local shops, all of which are greatly affected by the closure of local casinos.
In many states, gaming paid the highest tax rate in all industries, saying that "$ 10. 7 billion in gaming tax and tribal revenge share supports basic and important programs from infrastructure to education. AGA states.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Scientific Games says it has cut costs by $100 million for the second quarter
Posted: April 15, 2020 Author: COR Y-Others
Scientific Games, a Las Vegas-based game equipment provider, announced in the second quarter that cost reduction of $ 100 million will be reduced in the second quarter to address revenue and cash flow loss due to Coronavirus. 。
In a statement announced on Tuesday, Scientific Games said that reducing personnel, temporarily returning to employees, and reducing operating expenses will help to deal with pandemic's nationwide casinos. 。
As of the end of March, the company announced that it has withdrawn $ 480 million, in addition to $ 200 million cash.
"The balance sheet can use the opportunity to strengthen business while the gaming industry has begun to recover from pandemic," said Scientific Games. Scientific Games is planning further cost reductions, including other operating costs.
Scientific announced on March 31 that unpublished employees will be temporarily rested, reducing the salaries and working hours of other employees, reducing their salaries by 50 %. According to the company, the cost savings due to temporarily returning and reduced personnel will be $ 50 million in the quarter of June 30.
The company will also reduce the $ 50 million of the thre e-month capital expenditure plan.
"We are continuing to reduce costs to become a more powerful competitor while the industry is recovering," said Barry Cottor, CEO of Scientific Games. Cotttle CEO has returned the full salary of the year to survive the influence of the pandemic.
Scientific Games provides game equipment for casinos, sports betting and lotteries. According to the company, the company's subsidiary SCIPLAY's cash is $ 130 million, and the rotation credit slots are $ 150 million. SCIPLAY, which provides social games, has no unpaid debt.
"The diversity of our business, which provides services to customers around the industry and all over the world, gives our unique strengths in this difficult era," said Kotor.
In March, Scientific Games provided short-term assistance to employees and their families who were forced to have an unexpected burden as a result of the COVID-19 crisis. In order to do so, it has been announced that it has established a hardship rescue fund.
Scientific Games has announced cost reductions after the stock market on Tuesday. The company's stock price was 1. 01 (11. 16 %) higher in the Nasdaq market, $ 10. 06. The stock price increased by 5. 5 % in overtime transactions.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
SBC managing director: Expect a push for online gaming expansion once pandemic ends
Posted: April 15, 2020 Author: COR Y-Others
The COVID-19 changes actions and encourages some gamblers to challenge online casinos, and if the pandemic ends, the expansion of online games will be promoted in the United States, SBC Management Director Andrew. ・ Machalon says.
SBC will hold a digital summit from April 27 to May 1, and will hold a panel discussion that features a variety of topics for five days, including sports betting, online casinos and slots.
Click here for Agenda https://sbcevents. com/sbc-digital-summit/#schedule.
In the panel discussion on April 28, how is the online casino, as the poker has been selected, and the lan d-based operations have been stopped due to the limited poker options. The focus is on whether it meets demand.
In the state that introduces online casinos, New Jersey and Pennsylvania are leading, but there is a possibility that other states will continue to follow the games and states that they have lost their revenue from online slots and table games. be. Nevada has acknowledged online poker, but does not recognize online casinos.
"Many states and gaming companies will regret that they have been opposed for a long time. Because they did not set up a casino, they were able to get a source of income." If you are a casino. If you run, don't have an online function, will your customer go to your competitors?
People stuck in states without online gaming are turning to offshore companies, and this will be a key moment to expand the number of states that allow online casinos, McCarron said.
"I think it needs to change to be wise," McCarron said. "You can't say it won't happen again. It will be good business practice. In states that don't allow online gaming, people will go overseas.
The pandemic and casino closures have forced people who weren't interested to try online gaming for the first time. Once people have experienced online gaming, they won't be reluctant to participate in online gaming.
"People's behavior will change all over the world and in every industry. They're being forced to change. Industries that rely on people doing something habitually may be in big trouble when this is over. People who used to go to the casino on the weekend may start doing it at home on the weekend with a beer in hand."
Sessions at the conference will also include a look at virtual sports and esports betting. The Betting on Sports America track will feature discussions on the latest state laws on sports betting for 2020. Speakers on the track include Jonodeb Chaudhuri (former chairman of the National Indian Gaming Commission), Jan Jones Blackhurst (former mayor of Las Vegas and Caesars Entertainment board member), and Adam Greenblatt (CEO of Roa Digital).
With most sports closed around the world, except for a few limited racetracks, gamblers have very little to bet on. Some sportsbooks are instead betting on e-sports and virtual race car events.
"Books that weren't looking at these sports are now watching them very closely and looking for alternatives to the betting market," McCarron said. "Books that are successful will share their insights. We know that e-sports is big in Europe and not so big in the U. S. This will give the U. S. market an opportunity to talk to each other and see how each company is adapting and what life will be like after the virus is gone.
McCarron said there is no massive crossover between slot players and sports bettors, but there used to be a correlation between poker and sports betting. The April 28 panel is titled "Poker to the Rescue?"
"Poker may be resurrected." If enough operations to provide poker to a part of sportsbetters, it may be entertainment for them. Sportsbetters have no other place to go. People. Is bored at home and no entertainment. "
The summit plans to have a session on gaming in Latin America, including Brazil, and the expansion of sports betting in the area. Coronovirus may accelerate gambling expansion, McKaron.
This conference also deals with gambling and safe gambling during sel f-isolation. The panel discussions held on April 28 show how the operators are preventing the gambling from increasing the rapid increase in the pandemic (global trend). According to McKaron, the movements to limit online game ads and gambling promotions are becoming more active in order not to promote the gambling.
This conference, the world's largest online game conference, is expected to participate in more than 10, 000 people. The conference is available in more than 140 big speakers from the world's betting and gaming department.
A virtual networking lounge is set up, and participants can catch up with existing personal connections and encounter new personal connections. In the virtual media lounge, participants can get digital publications in the industry. Mechanism: https: //sbcevents. com/sbc-digital-summit/#Howitworks.
The ticket is $ 54 and the weekly ticket is $ 105. A group ticket costs $ 275 for 10 people. The 2 5-person group costs $ 550 and the 100 groups cost $ 1, 100.
Posted: April 14, 2020 Author: COR Y-Others
Fourth construction worker at Resorts World LV site tests positive for COVID-19
A 4. 3 billion dollar resort World Las Vegas developer announced on Monday that the fourth construction worker showed a positive reaction of COVID-19, but the strip district project has taken various safety measures. He said he would continue.
Resort World Developers listed 11 different actions in the statement in the statement.
The 3, 300 resort projects owned by GENTING BERHAD, based in Malaysia, will be a new megali resort for more than 10 years in the strip area in 2021. There are more than 1500 construction workers on the site.
"In compliance with Centers for Disease Control guidelines and OSHA safety standards, Resorts World Las Vegas and W. A. Richardson Builders continue to follow and implement maximum prevention policies and procedures to minimize risk," Resorts World said in a statement released by its Las Vegas public relations firm.
The company was informed of the positive test on Saturday, it said.
Resorts World said it has "modified construction activities to focus on 'critical areas of the site,' including reducing construction on the hotel tower to assist in complying with social distancing."
Nevada Gov. Steve Sisolak last month set social distancing guidelines and closed the state's casino industry, schools and all non-essential businesses to slow the spread of the pandemic. At the time, Sisolak said residential construction and other construction activities were "essential" businesses.
Construction continues on the $2 billion Allegiant Stadium, the privately-owned Circa Resort in downtown Las Vegas and the $1. 2 billion Las Vegas Convention Center expansion. Several construction workers at the Allegiant Stadium site have reported positive COVID-19 tests, but no cases have been reported at the Convention Center site.
The stadium, home to the Las Vegas Raiders, is expected to be completed by the end of July in time for the scheduled start of the NFL season. A new expansion at the Convention Center will host the 2021 Consumer Electronics Conference and Trade Show in early January.
However, work on MSG Sphere, a $1. 66 billion entertainment attraction being built by Madison Square Garden on land owned by Las Vegas Sands, was halted last month. No timeline has been announced for a possible restart.
Resorts World said it immediately notified and instructed construction workers who had recent close contact with the worker who tested positive to stay home and self-isolate for 14 days.
The Resorts World site has been temporarily closed and is being regularly disinfected.
They have also reduced crew numbers to facilitate social distancing and installed additional hand-washing and hygiene stations.
Nevada's pandemic construction guidelines require workers to keep 6 feet (about 1. 5 meters) and limit rally and meetings. The health and condition of construction workers will be monitored every day.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
AGS postpones annual meeting until July; implements furloughs and cutbacks
A 4. 3 billion dollar resort World Las Vegas developer announced on Monday that the fourth construction worker showed a positive reaction of COVID-19, but the strip district project has taken various safety measures. He said he would continue.
On the other hand, AGS, headquartered in Las Vegas, has reduced employees by 10 %, reducing the company on April 6 and reduces its salaries over the whole company on April 6, in order to deal with the closing of the nationwide casino industry due to coronavirus infection. did.
AGS states in the documents submitted to the Securities and Exchange Commission, "I hope that employees who are temporarily returned home will be able to receive all welfare benefits during the temporary rest."
According to AGS Julia Bogslovsky's Supreme Marketing (CMO), he has examined various virtual conferences in changing the annual general meeting, but has decided to hold a general meeting of shareholders. Printing concerns and delays in mail that could lead to delays in the impressive sentence to shareholders have been part of the postponement. The company's power of attorney is printed in New York, but the area has been struck seriously by pandemic.
COVID-19 guidelines for social distance protocols and public health policy have already switched to virtual platforms.
On Thursday, Las Vega s-based regional casino operating company BOYD GAMING was the first company to discuss with shareholders through voice webcasts. In addition, VICI Properties, MGM Resorts International, MGM Growth Properties, and Twin River Worldwide are planning a virtual annual meeting.
Among the documents submitted to the SEC, AGS, which has more than 760 regular employees, said, "Depending on the period of casino closure in the market and jurisdiction areas where we are earning revenue, we are considering options for additional funding. He may pursue one or more of these options. "
Other gaming equipment providers have taken similar measures.
Scientific Games has temporarily closed unpublished employees, reducing other employees's salaries and working hours, reducing their salaries by 50 %. The CEO of Barry Cottor has returned the full salary.
International game technology has reduced the basic salary of senior leaders and conducted a "shor t-term return program for a specific employee group." Providence Business News reported on April 2 that IGT had a returning home break for 320 people in Road Island's office.
Every Holdings has implemented a temporary holiday and a compan y-wide salary reduction of the target to preserve the funds on hand. Mike Lamboltz, CEO, returned his annual salary, and the company's management chose 70 % of salaries.
AGS had $ 519 million lon g-term debts in 2019, but had no maturity in the near future. The company had $ 13 million, with $ 30 million from the credit line last month, improving liquidity to $ 43 million.
According to the documents submitted to the SEC, AGS borrows funds as "preventive measures", enhances the company's cash position, and "promotes financial flexibility in light of the uncertainty of the current global market." I am.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardstutz on Twitter.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Scientific Games extends lottery agreement with Connecticut
Scientific Games and Connecticut Lottery Bureau have agreed to a new fiv e-year contract by gaming equipment company scientific Games Games, which continues to have a 4 0-year relationship with the state operated.
A statement on Monday stated that Scientific Games would increase the current partnership and become a major instant game provider in Connecticut, expanding its current partnership by increasing the ratio of the company's games to the lottery portfolio. Connecticat is planning a strategic plan to increase the interests of lottery and increase donations to general financial resources.
Since its fourth state lottery in the United States in 1971, Connecticut's lottery has been funding $ 10 billion to various programs and activities in the state. Scientific Games has been supplying instant games to Connecticut Lottery for over 40 years, and is currently serving as a system and a retail technical provider.
In FY2019, the lottery in Connecticut State was ranked in the world's top 10 with a total sales per capita.
As part of the main provider contract for instant games, Scientific Games also provides marketing services, surveys and analysis, and supports the sales of connectors of Connecticut in the entire 2, 800 retail stores.
According to Greg Smith of Connecticut Lotary Corporation CEO, Scientific Games has made valuable suggestions to manage lottery instant game portfolios.
"We are honored that the Connecticut Lottery has placed its trust in Scientific Games to elevate our role to a leading instant game provider," said John Schultz, head of the company's lottery instant products division. "We look forward to helping the lottery achieve its goals for future growth."
Headquartered in Las Vegas with lottery headquarters in Atlanta, Scientific Games launched the first secure retail instant game in the U. S. in 1974 and the first digital instant game in the U. S. in 2014.
Posted on April 13, 2020 by Cory - More
Former Nevada gaming regulator: No material reason to block Eldorado-Caesars deal
Scientific Games and Connecticut Lottery Bureau have agreed to a new fiv e-year contract by gaming equipment company scientific Games Games, which continues to have a 4 0-year relationship with the state operated.
Becky Harris, who served as the state's top gaming regulator for two years, said in an investor call hosted last week by SunTrust Humphrey Gaming analyst Barry Jonas that regulators would not necessarily have to reopen the casinos currently operated by the two companies in order to approve the deal announced 10 months ago.
Regulators in Nevada, New Jersey and Indiana still must approve the deal, along with the Federal Trade Commission.
In a research note published Sunday, Jonas said Harris told investors there's nothing preventing state regulators from holding hearings virtually. The Nevada Gaming Control Board held a web-based meeting last week, and other state boards are likely to follow Nevada and the FTC. Seven states have approved the merger, and Reno-based Eldorado management will become the controlling entity, but the combined company will retain the Caesars name and Nasdaq listing.
Becky Harris, academic fellow at the UNLV International Gaming Institute, at IGI's 17th International Conference on Gambling and Risk-Taking. (Josh Hawkins/UNLV Creative Services)
"Our discussions reinforced the view that the regulatory process took longer because of delays in dealing with the coronavirus, and not because regulators raised potentially incremental concerns in the current environment," Jonas wrote in the report.
He suggested the FTC could rule on the Eldorado-Caesars deal by the end of April.
Harris, the first woman, who led the Nevada Gaming Management Committee, is a former Republican Council, and is currently a famous fellow for gaming and leadership at the UNLV International Gaming Research Institute. He is also a regulation, policy and legal consultant of Global Market Advisors.
Casino sale is decided
Under the conditions of the merger agreement, Eldorado pays $ 8. 40 per share in cash and 0. 0899 Eldorado shares ($ 12. 75 per share) for one share of CAESARS. According to Eldorado's management, the acquisition is born with a regional gaming giant with about 60 facilities in 18 states, with the approval of both shareholders, which is expected to reduce $ 500 million. 。
Last year, the two companies (mainly Eldorado) announced the sale of casinos nationwide to reduce potential antitrust issues.
Caesers sold Rio in Las Vegas, but continues to operate the resort, one of the nine casinos run in the strip and nearby. In March, Eldorado has agreed to sell Laktaho's Mont Blue Resort's rights to Maverick Gaming, based in Las Vegas. Two months ago, Eldorado agreed to sell Eldorado Schryboport in Luiziana for $ 230 million. Eldorado has also signed a contract to sell Missouri's Isle of Capri Kansas City and Mississippi's Lady Rack Vicksberg to Twin River Worldwide Holdings for $ 230 million.
Jonas said that Momble's transaction might have been the last hurdle of FTC.
Suntast Bank, Barry Jonas
On the other hand, with the expansion of pandemic, Eldorado and Caesers closed the casino portfolio nationwide in mi d-March. Last week, Eldorado paid an employee until April 10, and temporarily returned 90 % of 15, 500 employees at 23 facilities in 11 states.
On April 3, Caesers temporarily returned 90 % of 64, 000 employees in 14 states.
Rapid recovery
Harris said to a listener of the telephone conference that the two companies have been conducting a solid employee benefit program in the closure. Harris suggested that if the casino industry resumed, there would be a "meaningful regional exposure" and that integrated companies would "recover quickly."
Harris suggested that Eldorado's "Ticking Fee", which is more than $ 2 million a day, is likely to be a factor in accelerating the decisio n-making process.
Jonas said Eldorado has "fully committed financing from 11 different banks" to cover the $7. 2 billion in debt needed for the deal. He also said the debt market "seems to be gradually recovering" based on recently announced debt transactions by Tilman Fertitta's Landry's Corp., which owns Wynn Resorts and Golden Nugget casinos.
"We don't see much leverage for the relationship banks to back out, but we view that as unlikely given the nature of the relationship banks and the potential reputational risk," Jonas said.
And real estate investment trust VICI Properties bought three Harrah's-branded Caesars properties in Atlantic City, Laughlin, Neb., and New Orleans for a combined $1. 8 billion, fully financing part of the deal. VICI will lease the businesses back to Eldorado after the deal closes for a total of $154 million in annual rent.
No Notable Issues
Eldorado and Caesars shares have been hammered by investors since February. Eldorado is currently trading at $18. 11, down 75% from its 52-week high; Caesars is at $7. 93, down 46% from its high.
"We believe the remaining regulatory agencies will not stand in the way of this transaction, barring any glaring issues," Jonas wrote. "Notwithstanding any stock price reaction or liquidity concerns, our baseline assumption is that Eldorado will be able to receive the appropriate regulatory approvals."
Howard Stutz is executive editor of CDC Gaming Reports. Contact him at hstutz@cdcgaming. com. Follow him on Twitter @howardstutz.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Eldorado confirms employee furloughs, says executives will reduce salaries
Eldorado Resorts confirmed plans to furlough 90% of its employees nationwide on Saturday, adding that it would reduce the base salaries of its top five employees, including CEO Tom Reeg.
The Reno-based regional casino operator will temporarily transition its 23 properties in 11 states (all of which have been closed since last month due to the nationwide COVID-19 coronavirus outbreak) to a "minimal workforce necessary to maintain essential operations," it said in a filing with the Securities and Exchange Commission on Friday morning.
The furloughs will cover "90% of employees at each property and corporate headquarters staff."
As of the end of December, Eldorado employed roughly 15, 500 people nationwide, according to the company's 10-K filing with the Securities and Exchange Commission. The company had agreed to keep employees on payroll through Friday.
In a memo to employees at Eldorado's three Reno resorts provided to CDC Gaming Reports on Thursday, General Manager Tracy Mimno told full-time staff they would be placed on furloughs that the company expects to be "temporary (less than three months)."
In an SEC filing, Eldorado said it would continue to pay health benefits through June 30 for furloughed employees who have company-sponsored health insurance.
Eldorado said five executives, including League, Executive Chairman Gary Carano and Chief Financial Officer Brett Junker, would take undisclosed reductions in base salary.
Eldorado's furloughs follow similar measures by other casino companies across the country, including Penn National Gaming, Boyd Gaming Corp., MGM Resorts International and Caesars Entertainment. Las Vegas Sands Corp., Wynn Resorts and Station Casinos have committed to paying employees through May 15.
Eldorado and Caesars are in the final stages of completing a $17. 3 billion merger. The deal is expected to close by the end of June, but is subject to approval from gaming regulators in Nevada, New Jersey and Indiana, as well as the Federal Trade Commission. Analysts say the deal remains fully financed and would create the industry's largest regional player with about 60 properties in 18 states.
On April 3, Las Vegas-based Caesars announced it would furlough 90% of its workforce. The Las Vegas-based company is also closing its entire casino portfolio, with 53 properties in 14 states, due to the pandemic. Caesars employs 64, 000 people across its organizations, according to a 10-K filing with the SEC.
Eldorado is the acquiring company in the merger. Eldorado's management will manage the combined company, which will take on the Caesars name.
In March, Eldorado agreed to sell its management stake in Lake Tahoe's MontBleu Resort to Las Vegas-based Maverick Gaming Corp. for an undisclosed price. In January, it agreed to sell Eldorado Shreveport, Louisiana to Maverick for $230 million.
Both deals are expected to close later this year, clearing antitrust concerns that had been hanging over the deals.
Eldorado also has agreements to sell Isle of Capri Kansas City in Missouri and Lady Luck Vicksburg in Mississippi to Twin River Worldwide Holdings for $230 million, with the deals expected to close in the second half of the year.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Gaming manufacturing silenced, so Philadelphia-based KGM turns to medical face shields
Eldorado Resorts confirmed plans to furlough 90% of its employees nationwide on Saturday, adding that it would reduce the base salaries of its top five employees, including CEO Tom Reeg.
It's not flat now.
Last month, Pennsylvania closed the casino industry to delay the spread of Coronavirus.
KGM gaming employees have created medical face shields instead of slo t-machine accessories to support Philadelphia hospitals.
As a result, Lance Wis, the vice president of the KGM seat section, came up with a way to cooperate with the state virus infection. He contacted another manufacturer, and both companies partnered to manufacture medical face shields for medical professionals, including doctors, nurses, and important employees.
Filadelphia is sufficient for a lack of personal protection (PPE), like a medical shield, as in other areas in the United States.
"We have entered a mode to check what we can do by trying to match our abilities with the biggest needs," said Weiss.
In order to comply with CDC and Penjylvania's guidelines, Wises and KGM staff have launched a production line from their private roads to meet the demand for medical face shields.
"When the production of medical face shields was decided, the safety of the team was, most importantly, and said," Therefore, "so we decided to set up a small assembly process outdoors along with KGM team members who help you volunteer. did."
KGM gaming employees have created medical face shields instead of slo t-machine accessories to support Philadelphia hospitals.
As a result, Lance Wis, the vice president of the KGM seat section, came up with a way to cooperate with the state virus infection. He contacted another manufacturer, and both companies partnered to manufacture medical face shields for medical professionals, including doctors, nurses, and important employees.
According to Weiss, KGM has applied to Pennsylvania a "essential status" that can safely add employees to the manufacturing process to use the manufacturing facilities and respond to "overwhelming" demand. It is said that it is.
"I am very proud to be able to provide time and services to provide equipment to hospital staff who are active at the forefront of this crisis in order to protect the health and safety of the local community," said Weiss.
The KGM gaming, which has 49 employees, is an agent of Einzworth covering 11 northeastern United States. The company is also a North American manufacturer and distributor of the Alpha Street game.
KGM gaming also has a satellite office in Presant Building, New Jersey.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Boyd Gamng Trms Costs Places Nearly 25000 on Furlough
As a global company based around the world, AINSWORTH offers outstanding game solutions and has a vision of becoming top suppliers in Australaysia, Europe, North America and Latin America.
Our board of directors and management strongly support the principles of excellent corporate governance to create lon g-term value for shareholders and maintain our high reputation for our honesty. This is especially important, given the difficulty of regulations in the industry that AINSWORTH is in business, and is essential to secure new gaming licenses and protect more than 275 current licenses around the world. 。
With completely integrated operation, Ainsworth has a comprehensive product development cycle from concept to installation, service, and support. Innovative game design and stat e-o f-th e-art technology are always at the forefront of the development team to ensure entertainment and the appeal of players.
With the global trends, all Ainsworth offices needed to introduce safety and security in line with employees' health and security, and to take safety prevention measures in line with expert health recommendations.
This month is a memorable moon to celebrate the wonderful life of Len Einzworth AM, which has reached its 100th birthday. Foresight and Pioneer Einzworth have been recognized around the world as the true icon of the gaming industry, and their contributions have made today's Gaming Grandscape.
Ainsworth Videos and Product Demos
Latest News
CELEBRATING LEN AINSWORTH ON HIS 100TH BIRTHDAY
Len Einzworth
Born on July 11, 1923 in Kempsey, New South Wales, Australia, Leonard Hastings Ainsworth had an insatiable curiosity and an unyielding determination to make a difference in the world. He started out manufacturing and supplying dental equipment, but then he envisioned and pursued developing gaming equipment.
In 1953, Ainsworth founded Aristocrat Leisure Industries, which became one of the largest gaming companies in the world. After being diagnosed with prostate cancer in 1984, Ainsworth transferred ownership of Aristocrat to his family to ensure his legacy would continue into the future. But after a clear diagnosis and realizing he had more to offer the industry he loved, Ainsworth founded his second gaming company, Ainsworth Game Technology, in 1995. Ainsworth dedicated his career to creating innovative, cutting-edge gaming solutions that would revolutionize the way people interact with slot machines and other gaming products.
As he approaches his 100th birthday, Ainsworth would like to express his gratitude for all his success and the support he has received from his family, friends and many colleagues.
"It has been an honour to celebrate this milestone and to witness how the gaming industry has evolved and thrived over the years. I have been fortunate to have established a global reputation for high-quality equipment that continues to lead the sector. I have worked with many great people along the way," said Ainsworth.
"In addition to his remarkable professional achievements, Ainsworth understands the deep responsibility that comes with success and has made it a priority to give back. A passionate philanthropist, he established the Ainsworth Foundation and has generously supported Australian society, focusing on medical research, education, health care and various other social activities, leaving a lasting impact on the lives of countless people. "Personally, I am most proud that my good fortune has allowed me to support so many worthy causes," he said. Born on July 11, 1923 in Kempsey, New South Wales, Australia, Leonard Hastings Ainsworth had an insatiable curiosity and an unyielding determination to make his mark on the world. He started out manufacturing and supplying dental equipment, but then he envisioned and pursued developing gaming equipment.
In 1953, Ainsworth founded Aristocrat Leisure Industries, which became one of the world's largest gaming companies. After being diagnosed with prostate cancer in 1984, Ainsworth transferred ownership of Aristocrat to his family to ensure his legacy would continue into the future. But after receiving a clear diagnosis and realizing he had more to offer the industry he loved, Ainsworth founded his second gaming company, Ainsworth Game Technology, in 1995. Ainsworth has dedicated his career to creating innovative, cutting-edge gaming solutions that revolutionize the way people interact with slot machines and other gaming products.
As he approaches his 100th birthday, Ainsworth would like to express his gratitude for his success and the support he has received from his family, friends and many colleagues.
"I am honored to celebrate this milestone and to have witnessed how the gaming industry has evolved and thrived over the years. I have been fortunate to build a global reputation for high-quality equipment that continues to lead the field. I have worked with many great people along the way," said Ainsworth.
"In addition to his remarkable professional achievements, Ainsworth understands the deep responsibility that comes with success and has made giving back a priority. A passionate philanthropist, he established the Ainsworth Foundation and has generously supported Australian society, focusing on medical research, education, health care and various other social activities, leaving a lasting impact on the lives of countless people. "Personally, I am most proud that my good fortune has allowed me to support so many worthy causes," he said. Born on July 11, 1923 in Kempsey, New South Wales, Australia, Leonard Hastings Ainsworth had an insatiable curiosity and an unyielding determination to make a difference in the world. He started out manufacturing and supplying dental equipment, but then he envisioned and pursued developing gaming equipment.
In 1953, Ainsworth founded Aristocrat Leisure Industries, which became one of the largest gaming companies in the world. After being diagnosed with prostate cancer in 1984, Ainsworth transferred ownership of Aristocrat to his family to ensure his legacy would continue into the future. But after a clear diagnosis and realizing he had more to offer the industry he loved, Ainsworth founded his second gaming company, Ainsworth Game Technology, in 1995. Ainsworth dedicated his career to creating innovative, cutting-edge gaming solutions that would revolutionize the way people interact with slot machines and other gaming products.
As he approaches his 100th birthday, Ainsworth would like to express his gratitude for all his success and the support he has received from his family, friends and many colleagues.
Ainsworth Game Technology offers slot content to NuxGame
"It has been an honour to celebrate this milestone and to witness how the gaming industry has evolved and thrived over the years. I have been fortunate to have established a global reputation for high-quality equipment that continues to lead the sector. I have worked with many great people along the way," said Ainsworth.
"In addition to his remarkable professional achievements, Ainsworth understands the deep responsibility that comes with success and has made it a priority to give back. A passionate philanthropist, he established the Ainsworth Foundation and has generously supported Australian society, focusing on medical research, education, health care and various other social activities, leaving a lasting impact on the lives of countless people. "Personally, I am most proud that my good fortune has allowed me to support so many worthy causes," he said.
Einzworth's heritage is not limited to business and philanthropic activities. He embodies the qualities of the true leader, inspired the people around him, nurtured the culture of creativity and innovation, and gave power to maximize the potential. His guidance and advice have formed a career of many industry experts who continue to inherit his vision.
"I worked under Len 50 years ago and started a career in the game industry, and then worked with him again at Einzworth again," He was honored to be able to build his heritage, and this industry would not have been a 10 0-yea r-old. I will bless the day from the bottom of my heart.
This month we celebrate Einzworth's 100th birthday and pay tribute to those who have much influence beyond that age. Einzworth's commitment to the outstanding and innovation is a blue photo of business and success in life.
"HARALD Neumann, a CEO of AinsWorth Game Technology, I would like to express my heartfelt celebration to Len on this commemorative day on behalf of all families and game industries of Ainsworth Game Technology. We are grateful to the company and his outstanding heritage.
Einzworth will celebrate with his family at home. Einzworth will celebrate with his family at home.
Ainsworth Game Technology Appoints Haig Asenbauer as Non-Executive Director
NUXGAME partners with Ainsworth Game Technology and hosts the latter online slot content.
With this partnership, the operators affiliated with NUXGAME have been able to use all catalogs of the AGT online casino title, and NUXGAME is strengthening online casinos.
Daniel Heywood, the highest executive officer of NUXGAME, states: "Ainsworth Game Technology's classic digital game is a new layer to our online casino portfolio and a new layer. This is the perfect content for operators who want to get a fans of the lan d-based casino title.
AGT used to focus on lan d-based, but has entered the online field in the past decade and has begun to provide online casino titles.
As a result, it is now possible to provide NUXGAME with slots of "popular players", such as Fortune Tree, Mad Millions, and Super 7's series.
AINSWORTH TO SHOWCASE IMPRESSIVE COLLECTION OF NEW LOW DENOM CONTENT AT THE INDIAN GAMING ASSOCIATION TRADESHOW
NUXGAME is always looking for a new partner that meets customer needs, and hopes that will continue to achieve great results through the AGT contract.
This contract is the latest content partnership that NUXGAME has recently strengthened online casinos that provide games from suppliers such as Turbo Games and Amigo Gaming.
Ainsworth Game Technology, an Australian Slot Machine supplier, has announced that it has appointed Dr. HAIG ASENBAUER, Vice Chairman of Austrian lawyer and largest shareholder, as a par t-time director.
According to the details submitted to the ASX on Wednesday, Dr. ASENBAUER is a partner of Austrian law firm ASENBAUER RECHTSANWAELTE GMBH in Austria, Austria. Since June 2021, he has been the vice chairman of the Novomatic Audit & Supervisory Board, which has 52 % of Einsworth shares.
Ainsworth pointed out in the submitted documents that he could point out conflicts of interest in the relationship between Dr. Asenbauer and the company's major shareholders, and "Strict Governance" so that he would not participate in any issues that could reflect conflicts of interest. He explains that "protocol" will start.
"Ainsworth's Chairman Danny Gladstone welcomes Dr. Asenbauer as an outside director of Ainsworth Game Technology.
"I believe that the wealth of international games gained from the experience of Novomatic AG will complement the current skills of the Board of Directors and provide added value to the Directors' Association.
The Grand Fortune series debuted in North America, with more than 30 unique game themes appearing
Las Vegas (March 8, 2023) -AINSWORTH GAME Technology (hereinafter "AINSWORTH") is an old Indian Gaming Association (IGA) Trade Show, which will be held at the San Diego Convention Center on March 29-30 We will display more than 30 game cabinets in the Class III and Class II market.
"At the show, we will focus on sharing new game concepts and strategies with our valued Tribal partners that are aimed at improving the performance of lower denominations on the casino floor," said Deron Hunsberger, president of Ainsworth North America. Ainsworth has invested heavily in research and development over the past year, and we believe that new linked progressive titles like Treasure Spirits, Ca$h Stacks Gold, Ultra Shot and Grand Fortune have made great strides in their ability to engage players.
The new Grand Fortunes series will make its North American debut at the IGA. The two linked titles, WildWinds and Temple Riches, offer players selectable multi-denomination play with the chance to win linked progressive jackpots, instant bonus prizes of up to 800x and an exciting Hold'n Stacks feature.
Grand Fortunes follows the recently released Treasure Spirits and Ca$h Stacks Gold game series, and is the latest addition to the Hold'n Stacks series. The feature will be offered as part of the bonus, and players can win a standalone major jackpot and a linked grand jackpot.
Ainsworth to partner with Loren Nelson for Reno game development studio
Ultra Shot - a series of two games scheduled to launch in North American casinos in spring 2023 - will similarly offer a player-selectable multi-denomination experience with linked progressive titles. These two games (Tiger and Panda) will offer the Ultra Shot feature that will give players a three-level coin collection bonus.
The new games will be available on both A-STAR Curve XL and A-STAR Curve machines.
"The games we are showcasing at IGA are a step forward for Ainsworth to improve the overall game visuals, the overall game sound and the action-packed experience of our games," said David Bollesen, Chief Technology Officer at Ainsworth.
Other new titles on display at Ainsworth's 1, 500 square foot booth include: Fai Cai Coins, a 243-way linked progressive series with multiple bonus levels; Falcon Cash and Coyote Bucks, lower denomination "Win Before" progressive titles based on Ainsworth's top-performing high denomination games; and Cash Attack and Prime Time, new high limit three-reel games offering persistent state bonus features.
What you can't miss is the North American debut of the improved "Gamblaz Gold Multi Game Keno" package. Gamblers Gold Package has been greatly upgraded. The improvements include the addition of a 2-20 card keno, a seahoreceno, and a quick spin super sonic 7S slot in about 20 game packs.
AINSWORTH HISTORICAL HORSE RACING SYSTEM AND GAMES CONTINUES TO GROW WITH ONGOING EXPANSIONS
Gamblas Gold focuses on Keno, providing bonaccono experiences that give additional lottery, free games, mult i-pliers, and other fun bonus awards. It will be available in many class III tribal markets in the near future.
For more information about the latest products of Einzworth, see Agtslots. com.
AINSWORTH GAMING TECHNOLOGY announced on Wednesday to establish a game development studio in Reno, Nevada.
Nelson has been working on video slot content for over 30 years and has worked in IGT, Sierra Design Group, Bally's, Everi. His new team focuses on the production of "Trend Setter and Innovative Slot Content" that complements the current product for Einzworth.
Einzworth's Supreme Technical Officer David Borezen said in a statement that the studio of Sydney and Las Vegas, Australia in the past year, has opened a new game development studio in Austin, Texas.
"This time, we will add a fourth studio for Reno." These development teams will focus on the development of diverse and creative games with the aim of improving performance in all markets.
AINSWORTH PARTNERS WITH JUNTO CREATIONS TO OPEN NEW GAME DEVELOPMENT STUDIO
Story writing: CDC gaming report leader reggae Behehe
Las Vegas (December 21, 2022) -AINSWORTH GAME Technology ("AGT", "Einzworth") is a historical horseling (HHR) system that has been awarded in three HHR facilities recently opened throughout New Hampshair. And succeeded in installing the terminal.
Last month, AGT's HHR system and 80 machines were installed on Nashua's Boston Billiard Club & Amp; Casino. In addition, Manchester's Filotimo Casino and Dover Bowl Complex have also installed AGT HHR systems and machines.
Currently, more than 4, 000 AINSWORTH HHR terminals, including major markets in Kentucky, New Hampshire, Virginia, Wyoming, and Alabama, are operating. In addition, the content of four other game makers (Aristocrat, KONAMI, IGT, Light & Amp; Wonder) is also connected to the AINSWORTH HHR system.
Einzworth's HHR system is an A-STAR curve, A-STAR dual screen, A640, A600 Slant top cabinet, and can provide guests with popular content from other integrated gaming suppliers in addition to the top performance content of Einsworth. To
These titles and platforms are specially designed for the HHR market, are certified by independent test agencies, and approved by the relevant gaming and race committee.
Ainsworth Announces CFO Transition
"Our historical horse racing system continues to be the industry leader of HHR, our HHR industry leader. In several places in New Hampshire," our historical horse racing system is said to be the following: "Our historical horse racing system is the industry leader. We are glad to be able to provide players with a worl d-class system and the best performance to players to grow and grow very successful HHR businesses. I have a great opportunity. "
Studio based in Austin, Texas produces custom video slot content
Las Vegas (November 17, 2022) -AINSWORTH Game Technology ("AGT" and "Einzworth") announced that it has established a new game development studio based in Austin, Texas. Veteran Gaming Executive Jim Palermo established Junto Creations and served as an important strategic advisor for the studio.
Austin's development team focuses on the production of innovative video slot content that takes the trend for Einzworth. This studio is composed of a former studio member of Junto Creations.
"David Bolessen, the highest technical manager of Ainsworth, says," This is a focus on improving products and brands consciously. "The Austin team has a wealth of experience. And their ideas will continue to improve the performance of the game and raise our content to the next level.
Austin's development base will join the Game Studio in Einsworth (Australia) and Las Vegas to provide content on all land platforms.
AINSWORTH HISTORICAL HORSE RACING SYSTEM AND GAMES NOW LIVE AT THE MINT GAMING HALL CUMBERLAND IN KENTUCKY
Before the establishment of Junto in 2019, Palermo has served in games, product strategies, and leadership with Everi, Incredible Technologies, and WMS Gaming.
AINSWORTH Game Technology LTD (hereinafter "Einzworth" or "Our Company") has announced that it has been appointed Lin Ma as the CFO (CFO) on January 1, 2023.
Lin is now a group financial manager of Einsworth and joined the company in 2007.
Mark Rudski, who joined Ainsworth as CFO and Company Secretary in 2000, will remain in his role as Company Secretary to ensure a smooth and seamless transition to the CFO role. In addition to his role as Company Secretary, Mark will take on additional initiatives to pursue opportunities to drive the group's overall growth objectives and governance related activities. Danny Gladstone, Chairman of Ainsworth, said: "I congratulate Lynn on her appointment as CFO. I am confident that she has the necessary qualities to deliver significant value to the Group as CFO. She is a highly capable and effective financial executive whose skills are well suited to the opportunities ahead and we look forward to working with her in her expanded role.
"On behalf of the Board, I would also like to thank Mark and pay tribute to his significant and valuable contribution to Ainsworth over the past 22 years. We are pleased to retain his expertise and experience and look forward to continuing to work with him."
For the purposes of ASX Listing Rule 15. 5, this document has been approved by the Board for filing with the ASX.
LAS VEGAS (September 23, 2022) - Ainsworth Game Technology, Inc. ("AGT") has successfully installed its award-winning Historical Horse Racing (HHR) system and terminals at The Mint Gaming Hall Cumberland in Kentucky.
The newly opened facility is equipped with 450 Historical Horse Racing gaming terminals. More than 55% of these, a total of 250, are connected to Ainsworth's award-winning HHR system. In addition, the newly opened facility is equipped with 100 Ainsworth gaming terminals.
Ainsworth CEO Harald Neumann granted 2.8m performance rights
Ainsworth's HHR system enables partners to offer guests popular content from leading game makers such as Aristocrat, IGT, Konami, and Light & Wonder.
This installation marks the continuation of Ainsworth's long-standing partnership with ECL Entertainment. Ainsworth also has a strong presence at The Mint Gaming Hall in Franklin, Cumberland.
Players at The Mint Cumberland can enjoy Ainsworth's full suite of top performing content on several unique devices, including the A-STAR Curve, A-STAR Dual Screen and A640 cabinets. Ready-to-play games include player-favorite QuickSpin branded titles such as Super Charged 7s and Super Lantern 8s, as well as Ainsworth's classic high denomination games.
Ainsworth to Change Financial Year-End to December 31
These titles and platforms are designed specifically for historical horse racing, certified by independent testing laboratories and approved by the applicable gaming and racing commissions. "Ainsworth has created a world-class HHR product. We are excited to continue working with the company in the future as we expand our footprint throughout Kentucky.
Ainsworth Chief Commercial Officer Deron Hunsberger said: "We are pleased to expand our partnership with Kentucky Downs. The continued investment from our customer partners in our systems and game content demonstrates that Ainsworth is truly setting the standard for HHR products. We look forward to continuing to provide first-class service and strong product performance.
Ainsworth Game Technology announced that the company's CEO, Harald Neumann, has been granted 2. 8 million performance rights as long-term incentives. Each performance right entitles the company to own one Ainsworth share if performance conditions are met. The rights vest over three years and are worth 2. 77 million yen at the current market price. The rights vest according to the achievement of certain share price targets. If the share price reaches A$2. 00, more than double the current price, 25% will vest in June 2024. If the share price reaches A$2. 40, the remaining 25% will vest at the end of December of that year, and if the share price is A$2. 76, the remaining 25% will vest in June 2025.
Australian slot machine supplier Ainsworth Game Technology has announced plans to change its fiscal year end from June 30 to December 31 to align with the business cycle of its overseas operations.
The change will align Ainsworth with the fiscal year end of its major shareholder, Novomatic AG, to reduce overlapping processes and streamline financial reporting, Ainsworth said in an ASX filing.
The current June 30 fiscal year is aligned with the Australian financial year.
AINSWORTH HISTORICAL HORSE RACING SYSTEM AND MACHINES NOW LIVE IN NEW HAMPSHIRE AT THE BROOK
The company's 2022 fiscal year will end on June 30, 2022. As Ainsworth is set to end its fiscal year ending on 2022, the company said it will have a six-month transitional financial year from 1 July 2022 to 31 December 2022. From 1 January 2023, the company will have a 12-month financial year ending on 31 December.
With the change of this fiscal year, Einzworth must submit an annual financial report by March 31, 2023 and hold an annual meeting (AGM) on a day that has not yet been decided.
This change has recently announced a profit after taxing 9. 1 million dollars ($ 6. 6 million) in six months until December 31, 2021, and recorded 12 months ago ($ 36. 2 million). It was after the loss of the loss.
The first historical horse racing machine in the new market has started operation
For the purposes of ASX Listing Rule 15. 5, this document has been approved by the Board for filing with the ASX.
This is the first time that the HHR machine has been used in the recently opened New Hampshire market. A machine of multiple integrated partners, including aristocrat gaming, IGT, konami gaming, and Light & amp; Wonder is also installed, and is connected to the AINSWORTH system.
AINSWORTH ONLINE SLOTS LAUNCHED WITH CORDISH LIVE IN PENNSYLVANIA
The Brook players are several unique terminals, including A-STAR CURVE, A-STAR DUAL SCREEN, A600 Slant Top, and A640, and can fully use AINSWORTH top performance content. Immediately available titles include the top performers from AINSWORTH's extensive HHR library, such as the QuickSpin brand that is popular with players, a iconic PAC-Man arcade game character and a high-denomination machine.
These titles and platforms are specially designed for historical horses racing, are certified by independent test labs and approved by the relevant gaming and race committee.
"Our historical horse racing system continues to be the HHR industry leader. The Brook in New Hampshire," said Delon Hansburger, Chief Commercial Officer in Einzworth. Is very exciting. "
Ainsworth and Incredible Featured in Tribal Gaming and Hospitality
ラスベガス(2022 年 4 月 6 日)-Ainsworth Game Technology(「AGT」「エインズワース」)テクノロジーは本日、ペンシルベニア州で Cordish Live を開始し、ゲーム会社のオンラインスロットのデジタルポートフォリオを初めてキーストーン州のプレイヤーに We provided.
"I am glad to be able to provide a library of Ainsworth online slot games to Penjylvania through Gan Superrgs." Einzworth promises to improve the Codish Live online player experience with the latest games and new innovative content. Masu.
Giuseppe Galdari, president of GAN, said, "We are excited to bring Ainsworth content to another state through GAN SuperRGS. We aim to provide the best and most engaging gaming experiences for our operators and their players, and the Ainsworth portfolio ticks all of these boxes. We look forward to bringing even more titles to the Pennsylvania market in time."
Each issue, we ask slot makers about tools and strategies that slot directors are not taking advantage of.
This time, we interviewed Cody Herrick (CH), senior director of game design at Ainsworth Game Technology, Mike Trask (MT), vice president of product marketing and global communications, and Dan Schrementi (DS), president of gaming at Incredible Technologies.
From left: Cody Herrick, senior director of game design at Ainsworth Game Technology, Mike Trask, vice president of product marketing and global communications at Ainsworth Game Technology, and Dan Schrementi, president of gaming at Incredible Technologies.
What changes or strategies should tribal casinos focus most on in their gaming products in 2022? (Is it important to align social gaming with in-house machines? Is it to accommodate new layouts due to social distancing? Is it a change in the slot floor mix?)
CH/Ainsworth We are seeing new layouts and changes due to social distancing impact game performance. Casinos and manufacturers alike need to communicate more about floor changes. We want to be able to provide the best options that fit their casino floors. Manufacturers and casino properties alike need to communicate better about how online games (both real money and social) are being utilized in the tribal market. These two issues will be a big driver of our product strategy.
DS/Incredibles Tribal operators have always been able to adopt gaming innovations faster than large commercial operators. Also, tribal operators are the only operators that can operate Class II games. 2022 should be focused on integrating new and bold technologies into tribal operations. Additionally, tribes should look for opportunities to incorporate Class II opportunities into this strategy. Class II offers developers a variety of ways to deliver tribe-only gaming experiences.
MT/Ainsworth The success of our Showroom Live events has been tremendous. Not only have we done dozens of live demos of our products, including partnering with Tribal Gaming & Hospitality, but we've also been able to meet one-on-one with customers who wouldn't normally make it to our headquarters in Las Vegas or one of our larger trade shows. These have given our partners the opportunity to speak directly with our game developers, product managers and executives in real time while looking at our products. We've done this in the office, as well as at G2E and NIGA. I don't see this type of communication going away, even when live events return.
DS/Incredible: We've always offered custom video advertising integrated with our slot machines as an added value for doing business with us. Most of our games ship with video signage that we install between the machines, creating unique shapes and allowing our art team to work with properties to co-create floor advertising. The pandemic has given these separators a new purpose. Larger casino floors and bank layouts are here to stay.
What have been the biggest “aha moments” you’ve seen from the slot vendor side over the past year? And will these change the way you do business or develop products in 2022?
DS/Incredibles The biggest “aha moment” we’ve seen is the emphasis on product diversification in this industry. It’s more important to be a well-rounded vendor that can serve multiple segments than trying to dominate the charts in one segment. COVID-19 shutdowns, supply chain delays, remote work - these are just a few of the challenging examples that have forced slot manufacturers like Incredible Technologies to pivot. Strengthening our portfolio with “Land-Based vs. Online”, “Class III vs. Class II, HHR”, “Slots vs. Table Games” are just a few of the ways we’ve grown to prepare for next year. If we look across the industry, we’ll find similar examples from our vendor side.
Social distancing protocols have temporarily changed the layout of gaming floors. As a gaming manufacturer, how are you addressing this issue with your products and layouts? What are customers looking for today?
Ainsworth Game Technology Limited (AGT) – Director Resignation – Board Independence
MT/Ainsworth The most concrete example of this is the launch of the A-STAR Curve XL cabinet. Our first launch is focused on 3-game pods with attractive infill between the games. This configuration naturally creates a sense of social distancing. Perhaps in the past, we would have launched with side-by-side seating.
DS/Incredible: In our industry, we have always known that circular and triangular small bank configurations produce best in a casino retail environment. Many operators were space- and power-constrained and could not invest the time and money to reconfigure in this way. The pandemic provided many operators with the time to make these upgrades, and the effects are still felt today. Just this week, we heard the first request from an operator working on a major expansion that, "We only install circular pods in our expansion area." With time, the days of long "grocery aisle"-like games will be gone.
This article was originally published in Tribal Gaming and Hospitality Magazine.
AGT announced today that Harald Neumann has resigned from his board of directors. Neumann will continue to serve as Chief Executive Officer. All of Neumann's other roles and responsibilities remain unchanged, except for his previous directorship.
With this resignation, AGT will have a majority of independent, non-executive directors on its board of directors to adhere to governance best practices.
The board is also conducting a search process to appoint additional independent, non-executive directors. The new selections are expected to complement the skills and capabilities of the board and contribute to our diversity goals.
AINSWORTH HISTORICAL HORSE RACING SYSTEM NOW LIVE AT WYOMING DOWNS PROPERTIES
Danny Gladstone, Chairman of AGT, said, "We appreciate Harald's constructive decision to step down from the board as AGT adheres to governance best practices. AGT's board of directors now consists of three directors, two of whom are independent, non-executive directors. We look forward to Harald's continued leadership and contributions to AGT following his appointment as CEO.
This announcement has been approved by the board of directors.
We continue to expand HHR's footprint with 200 games in Wyoming.
Las Vegas (December 16, 2021) -Einzworth Game Technology (AGT) succeeded in installing a History Horse Racing System and terminal, which has won awards, at the chairan's Wyoming Downs facility. Einzworth plans to deploy more than 200 historical hose racing terminals on several Wyoming Downs in the state over the next few months.
Wyoming Downs players will be able to use Ainworth's top performance content on several unique terminals, including A640 and EVO. Games that can be used immediately include the titles of the popular Quickspin brands for players such as Super Charged 7s and Super LANTERN 8S, as well as the classic Ainsworth High Denomination games. These titles and platforms are specially designed for historical horses races, are certified by independent test agencies, and approved by the relevant gaming commissions and racing commissions.
Ainsworth Partners with Virtualsoft
"Wyoming Downs' Rick Cook's Upon Executive Officer (COO) said," Einzworth has developed a new product of a unique and exciting historical horseling racing. "Einsworth's HHR game performance and the system. I am glad that the flexibility and the diversity of products have been seen in other markets to provide this innovative game to Wyoming players, and the partnership with Einsworth leads to lon g-term success. I believe.
Delon Hansburger, the chief commercial officer of Einzworth, said: "The installation in Wyoming has been growing and players in cooperation with Wyoming Downs," players. I am excited to be able to provide it.
Einzworth has partnered with Virtual Soft, Colombi a-based operators, to expand its content in Latin America.
With this new partnership, the AinsWorth casino game catalog will be available on VirtualSoft's online casino platform network, including Doradobet in Peruvo, Ecuador Euabet, and Netabet in Mexico.
VirtualSoft offers platforms and solutions to major brands in the online casino industry. With this new partnership, one of the most fulfilling slot games in the market will open, and the content of Ainsworth Interactive will be provided to countless players in the area.
For Ainsworth, the partnership marks a significant step in expanding its interactive division. The collaboration includes a comprehensive lineup of the company's best-known games currently offered in physical and digital casino formats, and brings some of the region's most popular games to online gaming, including Mustang Money, Electric Nights, Rob the Bank, Arabian Rose and Golden Yang.
As well as offering the most popular games, the brand said it has ensured to "keep intact what makes Ainsworth so popular." According to a press release issued on Tuesday, "The multi-level progressive jackpots provide the same fun and excitement as on the casino floor.
Ainsworth: Opening Addresses of the 2021 General Annual Meeting
"José Luis Osorio, Director of New Business Development at Virtualsoft, said, "We strive to provide cutting edge products in this field and through this agreement, we will significantly improve our current product.
"The innovation of Ainsworth's games and the potential of its platform are a strategic step to increase our presence in the market and improve the productivity levels of our customers.
Ainsworth Game Technology Limited
ABN 37 068 516 665 2127 Holker Street, Newington, NSW
Tel: +61 2 9739 8000
25 November 2021
Ainsworth Game Technology Limited 2021 Annual General Meeting
Address by Non-Executive Chairman
(Presentation by Danny Gladstone)
Ladies and Gentlemen,
2021 I would like to publish our annual review of the financial year.
2021 has clearly been a challenging year for our customers, communities and colleagues but I am proud of the support Ainsworth has provided during this challenging time. We expect performance to recover strongly in the second half of the year and, with the vaccine rollout progressing and customer venues gradually reopening in our key markets, we expect trading conditions to improve further in FY22 and beyond.
AGT's loss before tax for FY21 was $59. 2 million. The loss reflects the impact of the pandemic and government enforced closures of customer venues, particularly in the first six months of FY21. It also includes other one-off non-recurring items, including $42. 1 million related to foreign exchange impacts and a non-cash impairment charge of $41. 7 million.
The tax before tax, excluding the effects of the above exchange rate, and the transient item, was $ 17. 1 million. This is compared to a loss of $ 34 million in FY20 based on similar criteria.
FY21's business in the second half of the second half has improved significantly from the first half. Our achievements are followed by the progress of vaccination programs and the activation of customer activities. In the first half of the tax, the loss before tax was $ 56. 6 million, but in the second half of the year, the loss of $ 2. 6 million was improved.
The macro environment was unstable, but our lon g-term strategies are consistent. Our goal is to expand international business bases, invest in technology to strengthen product groups, and increase the number of participating fleets to improve the quality of revenue. These are the cornerstone of future success.
FY21's overseas market sales were $ 120. 5 million, accounting for 76%of the total sales. As a result, the second half of the year increased 28%yea r-o n-year to $ 67. 6 million, which improved the overall performance. Ordinary income has continued to grow, accounting for 28 % of 26 % of the previous year (PCP). AGT's gaming management unit has been increased by 9 % to 7, 052 units, creating pensio n-style ordinary revenue.
Opening costs for FY21 decreased by 20 % from $ 122. 7 million in the previous year, and was well controlled. The current economic issues have led to effective management and control of operating expenses, such as agreements, concessions of rentals, voluntary reductions of employees, and receiving available government subsidies.
Despite these major management issues, the Company has continued to focus on technological innovation and developed excellent products for customers. Efficient production of innovative and hig h-performance products is the key to success in the future, and the effectiveness of R & D investment is still a major goal.
This time, David Boresen's highest product (CPO) will ensure our commitment to our innovation and outstandingness. David has a wealth of experience in the game industry and is responsible for promoting games and improving market share in all regions based on existing game studios. < SPAN> The loss of tax, except for the effects of the above exchange conversion and transient items, was $ 17. 1 million. This is compared to a loss of $ 34 million in FY20 based on similar criteria.
FY21's business in the second half of the second half has improved significantly from the first half. Our achievements are followed by the progress of vaccination programs and the activation of customer activities. In the first half of the tax, the loss before tax was $ 56. 6 million, but in the second half of the year, the loss of $ 2. 6 million was improved.
The macro environment was unstable, but our lon g-term strategies are consistent. Our goal is to expand international business bases, invest in technology to strengthen product groups, and increase the number of participating fleets to improve the quality of revenue. These are the cornerstone of future success.
FY21's overseas market sales were $ 120. 5 million, accounting for 76%of the total sales. As a result, the second half of the year increased 28%yea r-o n-year to $ 67. 6 million, which improved the overall performance. Ordinary income has continued to grow, accounting for 28 % of 26 % of the previous year (PCP). AGT's gaming management unit has been increased by 9 % to 7, 052 units, creating a pensio n-style ordinary revenue.
Opening costs for FY21 decreased by 20 % from $ 122. 7 million in the previous year, and was well controlled. The current economic issues have led to effective management and control of operating expenses, such as agreements, concessions of rentals, voluntary reductions of employees, and receiving available government subsidies.
Despite these major management issues, the Company has continued to focus on technological innovation and developed excellent products for customers. Efficient production of innovative and hig h-performance products is the key to success in the future, and the effectiveness of R & D investment is still a major goal.
This time, David Boresen's highest product (CPO) will ensure our commitment to our innovation and outstandingness. David has a wealth of experience in the game industry and is responsible for promoting games and improving market share in all regions based on existing game studios. The tax before tax, excluding the effects of the above exchange rate, and the transient item, was $ 17. 1 million. This is compared to a loss of $ 34 million in FY20 based on similar criteria.
FY21's business in the second half of the second half has improved significantly from the first half. Our achievements are followed by the progress of vaccination programs and the activation of customer activities. In the first half of the tax, the loss before tax was $ 56. 6 million, but in the second half of the year, the loss of $ 2. 6 million was improved.
The macro environment was unstable, but our lon g-term strategies are consistent. Our goal is to expand international business bases, invest in technology to strengthen product groups, and increase the number of participating fleets to improve the quality of revenue. These are the cornerstone of future success.
FY21's overseas market sales were $ 120. 5 million, accounting for 76%of the total sales. As a result, the second half of the year increased 28%yea r-o n-year to $ 67. 6 million, which improved the overall performance. Ordinary income has continued to grow, accounting for 28 % of 26 % of the previous year (PCP). AGT's gaming management unit has been increased by 9 % to 7, 052 units, creating a pensio n-style ordinary revenue.
Opening costs for FY21 decreased by 20 % from $ 122. 7 million in the previous year, and was well controlled. The current economic issues have led to effective management and control of operating expenses, such as agreements, concessions of rentals, voluntary reductions of employees, and receiving available government subsidies.
Despite these major management issues, the Company has continued to focus on technological innovation and developed excellent products for customers. Efficient production of innovative and hig h-performance products is the key to success in the future, and the effectiveness of R & D investment is still a major goal.
This time, David Boresen's highest product (CPO) will ensure our commitment to our innovation and outstandingness. David has a wealth of experience in the game industry and is responsible for promoting games and improving market share in all regions based on existing game studios.
AGT's flagship Historical Horse Racing (HHR) products and systems continued to perform well this year. AGT is pursuing new revenue opportunities in currently established markets and new jurisdictions where legislation has recently been enacted, such as New Hampshire, Wyoming and Louisiana.
The previously launched A-Star cabinet is also Ainsworth's best example. A-Star was successfully exhibited at the National Indian Gaming Association trade show in July 2021, its first since the pandemic was declared. The positive response and interest from customers bodes well for future growth.
In line with the strategic priorities that protect AGT during this challenging time, our balance sheet and liquidity have been strengthened. As of June 30, 2021, AGT's cash balance was $42. 4 million, and the cash balance has further increased since then. As a result of an exclusive distribution agreement for real money gaming in the United States, AGT received an initial investment of US$5 million from GAN Limited in July 2021.
The dividend program remains suspended to prioritize liquidity and ensure AGT is well-positioned through challenging market conditions.
While FY21 results were significantly impacted by the pandemic, we believe performance will improve as customer activity continues to increase due to the proactive measures we have implemented to strengthen AGT and position it for further recovery. As we have said before, AGT has professional employees, a strong reputation in the industry, and a strong position in the market overall.
We also have a new CEO to lead our growth and recovery. Harald Neumann took over as CEO on October 1, 2021. As the former CEO of Novomatic, our major shareholder, and a member of the AGT board of directors, Neumann brings a deep understanding of AGT and a wealth of knowledge and experience to the role. I welcome him to attend his first Annual General Meeting in his new role.
On behalf of the Board of Directors, I would like to thank Laurence Levy for his contributions before he stepped down as CEO in September for personal reasons.
Finally, I would like to thank my fellow directors, our talented management teams in Australia and the Americas, our dedicated and loyal employees, our shareholders, and of course our customers.
Now, I would like to ask Harald to congratulate him on his new position as CEO.
CEO
(Opening remarks: Harald Neumann)
Thank you, Danny
This is my first report as the new CEO. I am honored to be appointed to Ainsworth's executive team at such an important and challenging time in the company's development.
As many of you may know, I began my new role on October 1st of this year. I have served as a director of the company since 2017, and this will be my fifth annual general meeting. I welcome all shareholders and distinguished guests to this meeting.
My experience in the industry and as a director of Ainsworth has enabled me to develop a strong knowledge of the business and a thorough understanding of our strengths and opportunities. Our key strengths are our trusted brands, our talented staff, our enduring commitment to developing superior gaming technology, and our relationships with customers in our key markets, particularly the Americas.
The potential to leverage these strengths into significant market opportunities to drive sustained growth and improved shareholder returns is what attracted me to this role and why I am excited about Ainsworth.
I have recently visited a number of our operating locations to review our capabilities and opportunities. I have also had the opportunity to speak with customers and many of my colleagues, including management, sales and marketing teams and product developers. It is clear that AGT has the ability to realise its potential to become a larger, more profitable company in its key markets once pandemic restrictions are lifted.
The improved performance achieved in the second half of FY21 highlights this potential recovery. Revenue in the second half increased 21% compared to the first half. The second half loss after tax, including a non-cash impairment charge of $12. 5 million, was $3. 3 million compared to a loss of $50. 1 million in the first half.
Underlying EBITDA, a measure that is more reflective of operating performance, improved significantly in the second half of FY21 and increased year-on-year. AGT reported underlying EBITDA of $15. 5 million in FY21 compared to $5. 8 million in the same period last year. Underlying EBITDA for the second half of FY21 was $14. 4 million compared to $1. 1 million in the first half. While these results do not reflect Ainsworth's underlying profitability, they are much better than reported for the first half.
The North American area became a highlight of the financial results again. Sales in the area were $ 88. 5 million, up 23%. As the vaccination program advanced, many markets resumed, and customer activities recovered strongly.
Participated assets increased by 17%to 2, 712. Participation and lease income increased by 66 % yea r-o n-year, and the ratio of local income has increased to 44 % (32 % in FY2020).
After the end of the fiscal year, AGT has completed the sale of 400 cars in Kentucky Downs for 400 cars. This sale is a mixture of the hardware configuration, including a part of the newly released A-Star curve cabinet. With this contract, AGT will receive a connection fee after 2010. With this sale, you can make a good start for the new fiscal year.
Australia showed a strong growth than PCP, and FY21 achieved good results. The new A-STAR curve cabinet and innovative games have been released this year. Sales increased 38 %, and EBITDA increased by 15 % to $ 5. 4 million (PCP: $ 4. 7 million). Increased sales in Jeonju except Victoria.
In some of the states in Australia, this blockade has caused uncertainties, but customers are currently investing in game floors to secure competitive arrangements and appropriate resources. I am glad to be able to report that the venue has been resumed and the activity level is gradually recovering.
Latin America was greatly influenced by pandemic, with high infection rates, obligations for closure by the government, and restrictions on customer facilities in Mexico, Argentina, and Peru. These restrictions have influenced business performance. Sales in the area were $ 18. 3 million, down 56 %.
The second half of the FY21 recovered slightly to $ 13. 5 million in the first half of $ 4. 8 million. Of the 625 machines sold by AGT last year in the area, 82%were sold in the second half. As the vaccination rate rises in these markets, government regulations are relaxed within the FY22, and as the postponed purchase decisions have progressed throughout the region, further profitable opportunities are expected.
Real money gaming began in New Jersey in April 2020, and online income increased by 28 % to $ 59 million, following the AGT content in seven major operators. With the success of the business, AGT has concluded a US monopoly agreement with Gan Limited and secured continuous growth since FY2011.
FY21 gross margin was 56%, up from 52% in the first half, but down overall from 61% in PCP. The margin decline was primarily due to write-downs of older cabinets, higher manufacturing overhead due to lower production volumes, and forecasted sales in most regions.
"José Luis Osorio, Director of New Business Development at Virtualsoft, said, "We strive to provide cutting edge products in this field and through this agreement, we will significantly improve our current product.
We remain optimistic. Our North American business is performing well. In North America, social distancing has been reduced and markets have virtually reopened. Following the passage of new legislation, we are pursuing new growth opportunities in new jurisdictions for our market-leading Historical Horse Racing (HHR) products. We are excited about the opportunity to expand MTD, which we acquired in FY20, into the jurisdiction and drive new sales. It will also allow us to popularize our A-Star cabinets, which are still relatively new in the US, as many trade shows and exhibitions were cancelled last year. Our Australian operations are also moving forward after the recent closures.
AINSWORTH LAUNCHES A-STAR CURVE XL PREMIUM CABINET AT BARONA RESORT & CASINO IN SAN DIEGO
Hiring the best talent to drive effective and efficient product development is critical to our success. To strengthen our efforts in this area, and as Danny explained, we welcome David Borresen as our new Chief Product Officer. David took up his role on October 7th this year and has held senior roles in a career spanning over 25 years and has a wealth of industry knowledge. Most recently, he was Vice President of Game Studios for a major international gaming company in Australia, as well as several key positions in the US. We look forward to David joining Ainsworth and contributing actively to our development strategy going forward.
Our strong financial model supports our growth ambitions. 28% of group revenue is recurring revenue and 76% of sales come from offshore markets. In FY21, the company refinanced a $50. 0 million flexible loan facility and ended FY21 with a cash balance of $42. 4 million.
As Danny explained after the 30th of the month, our financial situation has been further enhanced. I received an initial payment of $ 5 million from GAN. Churchill Downs paid $ 9. 4 million in July as a price of 400 party systems in July, and was able to repay the $ 18 million borrowed.
AGT is a company that is intentionally different from before the pandemic. Last year, we have intentionally utilized the opportunity to rationalize, streamline, and strengthen competitiveness. AGT is preparing for recovery and growth.
I am glad that the AGT momentum in the second half of last year has continued in 2010. FY22 sales in the first half of the year are expected to exceed the same period of the previous year and the past six months. AGT expects about 10 million dollars in the first half of the FY22 tax, excluding foreign exchange impact and transient items.
AINSWORTH PROMOTES MIKE TRASK TO VICE PRESIDENT OF PRODUCT MARKETING & COMMUNICATIONS
The domestic market is negative due to lon g-term closure, but the businesses in North America and Latin America have grown and have improved profits. AGT's online business has contributed to positive after the exclusive sales partnership with GAN Limited.
I am grateful that Danny Gradstone has contributed to us as chairman. Danny has a great deal of knowledge about the industry and a proven expertise, and I am looking forward to cooperating with him.
In addition, other directors of the Board of Directors, Mark Rudosuki's Supreme Finance Officer (CFO), North America, Latin America, Australia's management, competent employees, shareholders, and important things, and important things. Thank you for your trust and continuous support.
2021 Annual Meeting Presentation
Ainsworth and Pariplay Partner to Offer Real Money Gaming Content to Latin America
Ainsworth and Pariplay plan to offer their combined game catalog to all Latin American markets via the Fusion platform.
Inquiries
Mobile phone: 0400 248 080
Einzworth Game Technology
Telephone: +61 2 9739 8021
Las Vegas, November 8, 202 1-Ainsworth Game Technology Limited (ASX: AGI) (hereinafter "Einzworth") is the premium video slot cabinet " A-STAR CURVE XL" last week T & amp; Casino We announced that we debuted.
AINSWORTH APPOINTS DAVID BOLLESEN AS NEW CHIEF PRODUCT OFFICER
The new A-Star Curve XL is equipped with a 4K 55-inch floating infinity monitor, dynamic LED lighting, and the latest LCD button deck. This brand new cabinet debuted in the Take It or Leave IT game series.
These two game series, Super Hot 7S Classic and Solid Gold 8S Classic are a powerful link progressive bank made for big gamblers, combining the popular Quickspin Wheel Play Mechanism and the proven track record. The players chase is Rhinwin Progressive and tak e-it or lave it wheel bonus.
"I am very happy to be able to introduce A-STAR CURVE XL to Ballona, said Delon Hansburger, the chief commercial officer of Einzworth. They are excited to play a Casino partner with a great investment in investment, as their players will play a TAKE IT or Leave IT game for the first time. It shows Einsworth's efforts to provide an experience.
A-Star Curve XL will be added in California, Oklahoma, and Nevada within the next few weeks. This product has been approved in multiple North American markets and is currently available.
Einzworth Game Technology (ASX: AGI) has announced that Mike Trusk has been promoted to Vice President, Product Marketing Communication.
TRASK has been working at Ainsworth since 2016 and used to be marketing directors and product marketing and strategy directors. Before joining AINSWORTH, he served as a marketing key position at Scientific Games and Bally Technologies.
Ainsworth Game Technology Limited (AGT) – Appointment of New Chief Executive Officer
"Mike has grown a tremendous growth in Einzworth for the past few years," said Delon Hansburger, Chief Commercal Officer. He has created a great success product marketing team, strengthened gaming analytics, was in charge of class III, class II, and HHR product management, and is currently ongoing virtual event "Showroom Live". We have been promoting Marketing and Communication's Marketing and Communication. I look forward to seeing this new role with him and growing Mike as an important leader of the company.
Trusk will continue to focus on major initiatives in North America, including the launch of A-STAR CURVE XL Premium Cabinet, the growth of HHR products, the production and release of the next-generation Einzworth content, the production and release of the next-generation Einzworth content.
Ainsworth Game Technology Limited and Pariplay have partnered in Latin America to exclusively distribute Ainsworth's real money gaming (RMG) content through Pariplay's innovative Fusion platform. Ainsworth already has a strong presence in both land-based and iGaming in Latin America, particularly in Mexico.
With this agreement, Ainsworth and Pariplay will offer their combined game catalogues to all markets in Latin America through the Fusion platform. This will facilitate access to premium game content and drive expanded and efficient growth in targeted markets.
Jason Lim, General Manager Online at Ainsworth, said: "As Ainsworth continues its online growth strategy, this partnership with Pariplay will significantly enhance our offering and further solidify our position as a leading slot developer in the Latin American market.
Andrew Maclean, VP Sales at Pariplay, commented: "We are pleased and excited to begin this partnership. It is encouraging to have new opportunities and reach in more regulated markets in the hands of a great company like Ainsworth, with their experience and knowledge. This event will undoubtedly mark the beginning of a very successful and innovative partnership."
Bernie Gamboa, Marketing Online Director at Ainsworth Latin America, added: "The innovation of Ainsworth's games and the potential of Pariplay's Fusion platform are a strategic step forward to expand our market presence together with Pariplay."
The board is also conducting a search process to appoint additional independent, non-executive directors. The new selections are expected to complement the skills and capabilities of the board and contribute to our diversity goals.
Ainsworth FY21 Full Year Results; Second Half Recovery
Borresen has more than 25 years of experience in the digital entertainment industry and will be responsible for Ainsworth's game development team globally.
Most recently, he spent more than 11 years at IGT, including as Vice President of Game Studios in Australia. Prior to moving to Australia, he held several key roles at IGT in Reno, Nevada.
Ainsworth Chairman Danny Gladstone said: "We look forward to welcoming David to the company as we bring the next generation of Ainsworth products to market."
Bolesen has been conducting and developing a number of video games and slot machine products so far, and has achieved solid success. Based on the Sydney headquarters in Einzworth, he will develop an existing game studio and be responsible for promoting games and market share in all regions.
"I believe that developers and operators must strongly promote new functions and technologies while strongly aware of the core concept." I believe in Ainsworth's brand power and appropriate. There is a chance to build a foundation by taking a strategy to understand what the core gamer is looking for in the experience.
AINSWORTH Game Technology Limited announced today that Lawrence Levy has conveyed the intention to resign as CEO on Friday, September 10, 2021.
The Company has also announced that he has agreed with him by appointing Harald Neiman as a new highest executive official on October 1, 2021.
Neumann's inauguration shall require the approval of regulatory authorities and the completion of the contract content. Neumann's remuneration conditions are expected to be similar to Levi, and will be published in ASX after the contract is completed.
Ainsworth Game Technology Limited (AGT) – FY21 Preliminary Financial Results
Neumann has been a director of Einsworth since February 2017. Neumann has been an executive position since October 1, but will continue to work as a director of the Company.
Mark Rudoski, CFO (CFO), will play the role of a temporary CEO until Neiman's appointment comes into effect, and ensures the leadership and continuity of our business.
Mr. Danny Gladstone said, "I am grateful to Lawrence for contributing over a difficult time on behalf of the Board of Directors. Lawrence has decided to resign for personal reasons, but we have him. I pray for happiness.
Fortunately, I was able to appoint Harald as a new CEO. He is a former CEO of Novomatic AG, a major shareholder, and is also a director of AGT, and he fully understands AGT and has a wealth of knowledge and experience. He will seamlessly shift to a new position. Halardo is based in Las Vegas and will lead the growth and recovery of AGT in Las Vegas, the largest market.
This announcement was approved by the Board of Directors.
August 26, 202 1-Australia's Slot Machine Supplier Einzworth Game Technology has recorded a 592 million dollar loss in 12 months until June 30, 2021.
The loss of FY21 increased from a loss of $ 43 million in 2020, but sales increased by 7 % to $ 159. 5 million, and profits in the North American and Australian market dropped significantly in Latin America. I offset it.
According to Einzworth, if there were no influence of foreign exchange conversion and transient items, the loss of FY21 was only $ 17. 1 million, in the first half of $ 18. 7 million, and the second half was $ 1. 6 million au. 。
The board is also conducting a search process to appoint additional independent, non-executive directors. The new selections are expected to complement the skills and capabilities of the board and contribute to our diversity goals.
AINSWORTH LAUNCHES ONLINE SLOT GAMES ON CAESARS DIGITAL CASINOS IN NEW JERSEY
According to Einzworth's FY21 financial results, the international market was a $ 120. 5 million dollar, accounting for 76 % of the total revenue of the group, and the profit from North America increased 23 % yea r-o n-year to $ 88. 5 million.
The Australian region was strong, sales increased 38 % yea r-o n-year, and EBITDA increased by 15 % to $ 5. 4 million, excluding Victoria. Einzworth is locked down by COVID-10 in Victoria and New Southwales, so customers will continue to invest in the game floor in case the venue will resume even though the entire Australia is now opaque. I added it.
However, Mexico, Argentina, and Peru were forced closing and admission restrictions, and Latin America's sales decreased by 56 % in FY21 to $ 18. 3 million.
Einzworth reported that online income increased by 28 % to $ 59 million after the launch of real money gaming in New Jersey in April 2020.
AINSWORTH LAUNCHES ONLINE SLOT GAMES ON WYNN BET IN NEW JERSEY
Following the business update submitted to the ASX on May 18, 2021, AGT will provide the latest information below.
AGT is currently anticipated that the income before tax in the second half of the FY21 (2HFY21), excluding transient items and exchange conversion, is now about $ 1. 6 million. This is compared to about $ 1 million, which is expected to be profitable before the tax announced on May 18.
However, Mexico, Argentina, and Peru were forced closing and admission restrictions, and Latin America's sales decreased by 56 % in FY21 to $ 18. 3 million.
Australia's contributions to Australia were $ 20 million in the second half of the year, as a result of $ 39 million in FY21, increased by $ 39 %, the previous year (PCP) of the FY20. The further prolonged roc k-downs in New Southwales and other states in Australia have caused uncertainties and risks on the time of resuming in the domestic market. In consideration of such potential risks, it is wise to incorporate additional risks into the predicted cash flow when evaluating the asset value of the Australia, Other areas (including other areas), and the capital value (CGU) in Latin America. It was thought to be there. These additional risks may not occur, but in consideration of the harmful effects of the delta type of COVID-19 on society and the restrictions on the government as a result, these CGUs. It was wise to adjust the risk of the predictive cache flow. As a result, the AGT plans to add an impairment cost of $ 10. 3 million without cash spending to the second half of FY21 in the FY21 audit financial results.
Ainsworth Game Technology and Aristocrat Gaming™ Partner to Create Historical Horse Racing Machines in Kentucky
The main market, North America, maintained well in the current fiscal year, with a total sales of $ 88 million in FY21, an increase of $ 72 million in PCP. Regarding AGT's main products, History Horse Racing (HHR), pursuing further opportunities in new jurisdictions in response to the establishment of a new law.
In July 2021, the HHR400 unit was sold to Kentucky Downs. With this sale, a revenue connection fee will be paid continuously until 2010. The average selling price of the sale exceeded the average of the region, and was a mixture of hardware composition, including some of the newly released A-STAR curve cabinets. < SPAN> In the first half of the year, sales are expected to be $ 72 million, and the second half is expected to be around $ 88 million in the second half, up 22 %. AGT's second half EBITDA, excluding transient items and foreign exchange conversion, is expected to be $ 14. 4 million for $ 13. 2 million announced in May.
Australia's contributions to Australia were $ 20 million in the second half of the year, as a result of $ 39 million in FY21, increased by $ 39 %, the previous year (PCP) of the FY20. The further prolonged roc k-downs in New Southwales and other states in Australia have caused uncertainties and risks on the time of resuming in the domestic market. In consideration of such potential risks, it is wise to incorporate additional risks into the predicted cash flow when evaluating the asset value of the Australia, Other areas (including other areas), and the capital value (CGU) in Latin America. It was thought to be there. These additional risks may not occur, but in consideration of the harmful effects of the delta type of COVID-19 on society and the restrictions on the government as a result, these CGUs. It was wise to adjust the risk of the predictive cache flow. As a result, the AGT plans to add an impairment cost of $ 10. 3 million without cash spending to the second half of FY21 in the FY21 audit financial results.
The main market, North America, maintained well in the current fiscal year, with a total sales of $ 88 million in FY21, an increase of $ 72 million in PCP. Regarding AGT's main products, History Horse Racing (HHR), pursuing further opportunities in new jurisdictions in response to the establishment of a new law.
In July 2021, the HHR400 unit was sold to Kentucky Downs. With this sale, a revenue connection fee will be paid continuously until 2010. The average selling price of the sale exceeded the average of the region, and was a mixture of hardware composition, including some of the newly released A-STAR curve cabinets. In the first half, sales are expected to be $ 72 million, which is expected to be around $ 88 million in the second half of the year, up 22 %. AGT's second half EBITDA, excluding transient items and foreign exchange conversion, is expected to be $ 14. 4 million for $ 13. 2 million announced in May.
Australia's contributions to Australia were $ 20 million in the second half of the year, as a result of $ 39 million in FY21, increased by $ 39 %, the previous year (PCP) of the FY20. The further prolonged roc k-downs in New Southwales and other states in Australia have caused uncertainties and risks on the time of resuming in the domestic market. In consideration of such potential risks, it is wise to incorporate additional risks into the predicted cash flow when evaluating the asset value of the Australia, Other areas (including other areas), and the capital value (CGU) in Latin America. It was thought to be there. These additional risks may not occur, but in consideration of the harmful effects of the delta type of COVID-19 on society and the restrictions on the government as a result, these CGUs. It was wise to adjust the risk of the predictive cache flow. As a result, AGT plans to add a 10. 3 million dollar for the FY21 audit financial statements in the second half of FY21 in the second half of FY21, for the value of these assets.
Ainsworth and GAN Announce Exclusive U.S. Online Partnership
The main market, North America, maintained well in the current fiscal year, with a total sales of $ 88 million in FY21, an increase of $ 72 million in PCP. Regarding AGT's main products, History Horse Racing (HHR), pursuing further opportunities in new jurisdictions in response to the establishment of a new law.
In July 2021, the HHR400 unit was sold to Kentucky Downs. With this sale, a revenue connection fee will be paid continuously until 2010. The average selling price of the sale exceeded the average of the region, and was a mixture of hardware composition, including some of the newly released A-STAR curve cabinets.
AGT further reported that the amount of cash holding as of the report was $ 42 million, with a powerful cash flow in the second half and effective operating costs, and an increase of 56 % compared to the PCP. The cash balance does not include exclusive contracts with GAN, which received US $ 5 million in early July 2021.
AGT plans to announce an audit settlement for the full year of FY2011 after the transaction on Thursday, August 26, 2021.
This announcement was approved by the Board of Directors.
Las Vegas August 11, 202 1-Ainsworth Game Technology Limited (ASX: AGI) and CAESARS ENTERTAINMENT recently announced a lon g-term partnership. Jersey It will be provided to Caesarscasino. com, harrahscasino. com, and wsop. com.
CAESARS online players have the chance to play AinsWorth titles, which have a proven track record on both landbase and online casinos. Available titles include a popular Quickspin brand wheel game and a hig h-indominational title loved by players for many years.
Games will be added regularly in the future, and players will always enjoy the latest games and innovative play styles.
"I am honored to be able to tie with a to p-notch operator like Caesers." With this release, our presence in the New Jersey market has increased further, and we are excited to be able to play our latest games on the Caesters site. We are convinced that the tremendous mathematics model and the fun play mechanic will be successful and provide a fun experience. "
Las Vegas, June 4, 202 1-AINSWORTH GAME Technology Limited (ASX: AGI) and Wynn Interactive are recently popular Selection of slot games. To Gino Wynnbet Announced the lon g-term partnership to be provided.
Wynnbet players have a chance to play Ainsworth titles, which have a proven track record on both landbase and online casinos. Available titles include the QUICKSPIN brand wheel games and a proven track record.
Ainsworth Partners with Slotegrator for Eastern European Distribution of Online Games
Additional games will be regularly added to the site, and players will always be able to access the hottest games and innovative play styles.
"I am honored to be able to partner with a to p-notch operator like Win." I'm excited to be able to play the latest games on Wynnbet. I'm excited that our latest games will be operated in Wynnbet. "We I am convinced that the amazing mathematics model and the fun play mechanics have succeeded and can provide fun experiences to Wynnbet players.
With this contract, AristOcrat content in other HHR markets will be able to play with Ainsworth Systems.
Las Vegas (June 1, 2021) -AINSWORTH GAME Technology (ASX: AGI) (hereafter "Ainsworth") (hereafter "AINSWORTH") (hereafter "AINSWORTH") will partner with AristoCrat Gaming ™ and launch a historical hors racing (hereafter "HHR") machine.
ARISTOCRAT's newly designed historic horse racing machine is activated by Ainsworth's unique historical horse racing system. Based on this contract, Aristrat offers a specially created game to comply with the HHR regulations in Kentucky, and has won the popular brands of Aristrrat, including Buffalo Wild Lepre'Coins ™. It is exclusively mounted on the cabinet.
Ainsworth Game Technology Announces Completion of Debt Restructuring Plan with U.S.-based Bank
In addition, Aristrat content will be available in other markets with the introduction of Einzworth's historical horseling system.
The Historical Horse Racing System, which has won ainsworth, not only supports AINSWORTH's hig h-performance games and cabinets, but also hosts machines created by multiple major game manufacturers.
"I am glad that Ainsworth's Supreme Management Officer Deron Hunsberger can provide popular titles for Aristocrat players on our system." Ainsworth provides more than 1, 000 games in Kentucky. For two years since launching, I have been constantly working to provide CDI and players to provide more game options.
At least $ 30 million in the 5-year monopoly agreement for Einworth's online real money game in North America
Las Vegas (May 17, 2021) -AINSWORTH GAME Technology Limited (ASX: AGI) and Gan Limited (hereinafter "GAN") (NASDAQ: GAN) are today and in the future. In As a price for monopoly online games, the company announced the first fiv e-year ti e-up for the minimum warranty of $ 30 million. The existing online business in New Jersey in New Jersey, like the expansion planned in Michigan and Pennsylvania, is incorporated into the Agreement.
With this contract, GAN will gain the exclusive online rights of all the current and future Einsworth Real money online games. The contract initially includes more than 75 slot titles, including the QUICKSPIN brand wheel games and the achievements with a track record.
In addition, AINSWORTH will regularly provide a variety of new game content, including the derived version of titles that have succeeded in the online casino market in New Jersey, such as Pan Chang, Lucky Break, and Kanga Cash.
Ainsworth secures new US$35 million credit facility
"The contract with GAN this time is a use of the strengths of the two companies and provides powerful competitiveness in the rapidly growing US online market.
This partnership is an important revenue base for Einzworth to expand digital business in the global market. With this partnership, AINSWORTH will be able to concentrate on developing hig h-quality lan d-based content in the online market.
Einzworth continues to guarantee the current partner the same powerful content through a partnership with GAN.
Jeff Berman, Gan's chief commercial officer, states: "Today's announcement recognizes the benefits of linking AINSWORTH content and our distribution, and the United States online games. This is an important step in the field of competitive distribution channels to be a leading position, and GAN is naturally looking for an online casino game. Our goal is to secure a differentiated exclusive access to our company, which is a major US casino game that will benefit our various clients. Establishing an exclusive provider has developed games that have been awarded online and lan d-based channels. I am happy to be able to expand.
Ainsworth Game Technology Installs 105 Historical Horse Racing Games at Rosie’s Gaming Emporium® in Virginia
"We have a set of powerful performance and several major online casinos partners," said Ryan Comstock in AINSWORTH. It will help you expand our unique and recognized brands online sales. "
About Einzworth Game Technology
AINSWORTH Game Technology Limited (ASX: AGI) (hereinafter "Einzworth") is a listed company headquartered in Sydney, Australia. Einzworth's offices are located around the United States and Latin America. AINSWORTH has a full integrated operation, including design, development, assembly, testing, sales, and field services, and covers the entire product development cycle, from concept to installation, service, and support.
Las Vegas (May 6, 2021) -Einzworth Game Technology (AX: AGI) has partnered with Igaming aggator Slotegator to distribute video slot content in the online casino market in Eastern Europe.
Slotegrator's APIGRATOR solution can easily integrate ainsworth slots into an online casino operator's platform. The company based in Europe incorporates slots, card games, and virtual sports of more than 60 game developers around the world.
The title that will soon be available via Slotegrator includes AINSWORTH's standard titles, hig h-indominational titles, and popular players such as Mustang Money, including the Quickspin brand wheel game. 。
In addition, AINSWORTH plans to provide various new game content in the Australia and North American market, such as Pan Chang, Lucky Break, and Kanga Cash.
WORLD PREMIERE OF AINSWORTH’S GEORGE LOPEZ NEIGHBORHOOD TOUR AT SAN MANUEL CASINO IN SOUTHERN CALIFORNIA
「Ainsworth Online のジェネラルマネージャーである Jason Lim 氏は、「我々は、東ヨーロッパの規制市場において Ainsworth のサービスを拡大する戦略を続けている。「我々は、Slotegrator と協力して、Slotegrator の販売ネットワーク内 I am excited to start providing our achievements to various new online casino operators.
The 35 million dollar credit frame composed by Western Alliance Bank supports the lon g-term growth plan of Ainsworth.
Las Vegas-March 31, 2021-Einsworth Game Technology (ASX: AGI) (hereafter "Einzworth") has recently refinanced to make it better for the company's continuous recovery and growth strategy. Announced the completion of a loan restructuring.
This $ 35 million loan was reorganized by Western Alliance Bank, and for the first time, Einzworth chose the United State s-based banks.
This decision is a commitment to Einzworth's important US markets and important customer partners in this area. Einzworth has been focusing on growth in the United States and Latin America for the past decade, and established the North American headquarters in Las Vegas in 2016.
For the past few years, more than 70 % of our revenue has been created in the United States, and Einsworth has successfully entered many new North American markets, including class II tribal gaming and historical horser racing.
"Einzworth's highest executive officer (COO) said, Ryan Comstock said," This refinancing is the probability and flexibility to achieve the expected growth plan and develop a group innovative and new gaming. Providing sex, "The new credit agreement will help you build a more powerful bank to support Las Vegas.
AINSWORTH ANNOUNCES AGREEMENT TO PROVIDE EXCLUSIVE MONTANA GOLD MULTIGAME CONTENT FOR GOLDEN GAMING
"Western Alliance Bank is a truly unique partnership with the opportunity to cooperate with Einzworth, one of the major HHR manufacturers in the historical horseling (HHR) terminal. The Western Alliance Gaming Group's managing director Ashan Perella said, Ashan Perella. "I am honored that Einzworth has selected Western Alliance Bank as a bank that provides the necessary services for North America banking.
AinSworth Game Technology Limited (AGT) has set a U S-based Western Alliance Bancorporation with a newly $ 35 millio n-US secure frame. Debt repayment It was allocated to.
Einzworth was used on Friday to use the $ 28 million of the new loan frame to eliminate all debt based on the previous revolving credit facility with the Australian New Zealand Banking Group Limited (ANZ Bank). I announced that it was.
The company's US subsidiary Einzworth Game Technology Ink has been a guarantor with the parent company AGT PTY LTD and Einzworth Game Technology Limited, and is described as a new borrower.
Details will be announced this Thursday when the company will announce the si x-month financial results until December 31, 2020. Einzworth had lost 43 million dollars ($ 33. 8 million) in the year, which ended on June 30, 2020 due to the influence of COVID-19, but lost about 14 million dollars ($ 10. 8 million). It was expected to be recorded.
Our HHR products continue to grow
RUSH STREET INTERACTIVE PARTNERS WITH REPUTABLE GAMING PROVIDER AINSWORTH TO LAUNCH NEW ONLINE SLOT GAMES AT PLAYSUGARHOUSE.COM IN NEW JERSEY
LAS VEGAS (December 2, 2020) – Ainsworth Game Technology ("AGT") has successfully installed its award-winning Historical Horse Racing System and 105 gaming terminals at Rosie's Gaming Emporium® ("Rosie's") in Richmond, Virginia.
Rosie's players can now access Ainsworth's suite of top performing content on multiple unique terminals, including the A640, EVO and A600 Slant Top. Readily available games include several player-favorite QuickSpin branded titles, including Super Charged 7s, Super Lantern 8s and Super Hot 7s.
Ainsworth is also introducing classic high-denomination content such as Eagle Bucks and The Enforcer.
These titles and platforms are designed specifically for historical horse racing, certified by an independent testing laboratory and approved by the applicable gaming and racing commissions. "Ainsworth has developed an outstanding Historic Horse Racing product," said Jeff Townsend, Vice President of Gaming at Colonial Downs Group LLC (Rosie's Gaming Emporium®). "We are excited to provide our players with a thrilling new game and contribute to the long-term success of the property.
AINSWORTH LAUNCHES ONLINE SLOT GAMES ON RESORTS AND MOHEGAN SUN CASINOS IN NEW JERSEY
Deron Hunsberger, Chief Commercial Officer at Ainsworth, said: "Our Historic Horse Racing game is currently live at several properties across the U. S. and is performing well. We are excited to begin our partnership with Rosie's to continue our growth and introduce a first-class wagering experience to our customers and their players."
Las Vegas, November 12, 2020 - Ainsworth Game Technology Limited (ASX: AGI) ("Ainsworth") today announced the debut of its newly created George Lopez Neighborhood Tour video slot at San Manuel Casino in Highland, California.
"This game welcomes everyone to the neighborhood," George Lopez said. "We want everyone to be a winner!"
The new game bank is located just outside George Lopez Chingon Kitchen on the second floor of San Manuel.
Ainsworth Game Technology Partners with SoftGamings
Ainsworth developed George Lopez Neighborhood Tour in close partnership with the legendary comedian. The game is based on George Lopez's lifestyle and communicates with players through images and custom narrated messages.
"The George Lopez brand is a great addition to our product portfolio," said Ainsworth. "We are excited to launch this title at San Manuel, a valued partner and premier casino in Southern California."
George Lopez Neighborhood Tour offers exciting sustained play, a chance to spin the lowrider wheel, free games and several random base game bonuses.
NOVOMATIC and AINSWORTH consolidate sales efforts in APAC region
The game is available exclusively on A-STAR Curve, Ainsworth's first new cabinet in over three years. A-STAR Curve features a 43-inch floating infinity monitor, dynamic LED lighting and the latest LCD button deck and is being installed in several casino markets across North America. The product is available both as a retail title and as part of a participation agreement.
Las Vegas, NV, 21 October 2020 - Ainsworth Game Technology Limited (ASX: AGI) ("Ainsworth") is pleased to announce that it has reached an agreement to provide exclusive keno, video poker and reel content to Golden Gaming's route in Montana.
The three-year agreement gives Golden Gaming exclusive rights to use the Montana Gold MultiGame, which contains a variety of top-performing content for the highly competitive Montana video lottery terminal market.
The announcement comes less than six months after Ainsworth acquired the assets of MTD Gaming Inc., which developed and supplied premium performing and unique poker, keno and reel content for the video lottery terminal market in Montana, Louisiana and South Dakota.
"This is our first major deal since acquiring MTD's assets," said Ainsworth's Chief Commercial Officer, Deron Hunsberger. "We are pleased to continue working closely with one of the most respected casino operators in the United States, Golden Gaming. We believe the strong performance of this product in Montana will provide Golden with a strong return on investment and a unique experience for players.
Ainsworth plans to expand the offering of these keno, video poker and reel slot MulitGame products in multiple markets, including Nevada, California, Arizona and New Mexico, in the coming months.
Blake Sartini, Senior Vice President of Distributed Gaming at Golden Gaming, said: "Ainsworth and the former MTD products are a great fit. We are excited to have acquired exclusive content rights in Montana and look forward to a mutually beneficial long-term partnership."
Ainsworth Game Technology Limited – Business Update
Las Vegas, October 19, 2020 - Rush Street Interactive (RSI) has partnered with Ainsworth Game Technology Ltd. (ASX: AGI) (“Ainsworth”) to bring a selection of Ainsworth’s most exciting slot games to RSI’s popular NJ online casino site, https://pa. playsugarhouse. com/? l=RiversPhiladelphia.
PlaySugarhouse. com players in New Jersey have the opportunity to turn the strong AinsWORTH titles, such as Viking Reign, Amazon Gold, Sweet Chilli, and Dragons. In addition, Ainsworth plans to add new slot games on a regular basis, so PlaySugarhouse. com players can continue to play exciting and innovative Ainsworth game content.
The board is also conducting a search process to appoint additional independent, non-executive directors. The new selections are expected to complement the skills and capabilities of the board and contribute to our diversity goals.
AINSWORTH AND ROAR DIGITAL LAUNCH EXCLUSIVE ONLINE SLOT GAMES WITH BETMGM, BORGATA AND PARTY CASINO BRANDS IN NEW JERSEY
"I am glad to be able to provide our content to new audiences in New Jersey in partnership with RSI, an online casino operating company that has been highly evaluated. I am glad to provide a great chance to win some of the popular games in an online environment, and to introduce new titles that are being developed to release Playsugarhouse. com in the future. "
Las Vegas October 1, 202 0-Ainsworth Game Technology Limited (ASX: AGI) and Resorts Casino in Atlantic City, New Jersey are recently the latest thrilling Einworth games. scasino. com, www. mohegansuncasino. com.
Resorts Casino players can aim for a big victory with various AINSWORTH titles such as Golden Dollars and Wild Nights, and a new game will be released regularly.
"I'm excited to say that our content can be used on the RESORTS CASINO site," "Our growth in New Jersey's online market has continued and players are going on, and players are continuing. You can see that many of these games have been popular online in the Landbase of Atlantic City. Can be done.
According to the Resorts Interactive Casino CEO, "Ainsworth's title is www. mohegansuncasino. com. I like this game but also casinos. To our customers I believe this will be more established as one of the major online operators in New Jersey.
On September 23, 2020, Lasbega s-Ainsworth Game Technology (ASX: AGI) (hereafter, Ainsworth) announced a new partnership with Softgamings, a B2B casino platform provider and gaming system aggregator. AINSWORTH casino slot games will be available through Softgamings' European and British platforms and real money gaming operators.
General Manager, General Manager in charge of Einzworth's interactive online, said: "I'm excited to be able to continue to enter the European Real Money Gaming Market in partnership with SoftGamings: I am looking forward to growing online business in the lan d-based game.
Irina Sazonova, the director in charge of Soft Gamings, states: "The partnership agreement with Ainsworth Game Technology is a major advanced and important milestone for SoftGamings. It has already been over 100 or more of more than 100 providers and 3, 000. I am glad that the company that offers the company has welcomed the company to the company, and I am excited to be able to provide AINSWORTH games as a client through the unified API integrated platform. I am looking forward to the long and fruitful cooperation.
AINSWORTH is part of a new commercial and afte r-sales service system of novomatic products in the Apac area.
Novomatic has signed an as if an unpleasant sales contract with Einzworth, and will function as a sales and service department of Novomatic products in Asi a-Pacific regions, including Australia and New Zealand.
Robert Dijkstra, who has been appointed as vice president in charge of AINSWORTH business development and sales, will be the representative of both brands. For the past five years before taking office, Robert has been representing Novomatic in the Asi a-Pacific region and has been working closely with Einzworth.
Michael Bersin, a Novomatic Southeast Asian Sales Manager, will also join Einzworth on October 1, 2020, and will continue to provide services as an agency for both brands in Hong Kong.
The Novomatic products for the Asian region are composed of major slot machines, marke t-specific games and mult i-game editions, ETGs, casino management and media systems, link progressive, and sports betting solutions. AINSWORTH is looking forward to the introduction of an impressive new product of A-STAR ™ cabinet into the area and further enhances the current portfolio of standalone, link progressive, and multi-games.
"By joining these two companies, we can enhance the diversity of services provided to custome r-based through one channel. I am looking forward to supervising this advanced development. I believe it will benefit all stakeholders. | This new sales and afte r-sales service system enhances services, support, and networks on the installed machin e-based, providing strong commercial structures to existing and new customers, accelerating the expansion of novomatic and ainswork products in Asi a-Pacific regions. 。 < SPAN> A group of Novomatic products for Asian regions consists of major slot machines, games and mult i-game editions specialized in the market, ETG, casino management and media systems, link progressive, and sports betting solutions. AINSWORTH is looking forward to the introduction of an impressive new product of A-STAR ™ cabinet into the area and further enhances the current portfolio of standalone, link progressive, and multi-games. |
"By joining these two companies, we can enhance the diversity of services provided to custome r-based through one channel. I am looking forward to supervising this advanced development. I believe it will benefit all stakeholders. | This new sales and afte r-sales service system enhances services, support, and networks on the installed machin e-based, providing strong commercial structures to existing and new customers, accelerating the expansion of novomatic and ainswork products in Asi a-Pacific regions. 。 The Novomatic products for the Asian region are composed of major slot machines, marke t-specific games and mult i-game editions, ETGs, casino management and media systems, link progressive, and sports betting solutions. AINSWORTH is looking forward to the introduction of an impressive new product of A-STAR ™ cabinet into the area and further enhances the current portfolio of standalone, link progressive, and multi-games. |
"By joining these two companies, we can enhance the diversity of services provided to custome r-based through one channel. I am looking forward to supervising this advanced development. I believe it will benefit all stakeholders. | This new sales and afte r-sales service system enhances services, support, and networks on the installed machin e-based, providing strong commercial structures to existing and new customers, accelerating the expansion of novomatic and ainswork products in Asi a-Pacific regions. 。 |
Summary - AGT's priorities are the health and wellbeing of its employees and the preservation of shareholders' capital. AGT is providing flexibility to employees to work safely and remotely. - AGT's clients in all markets have suspended operations since mid-March. Since then, some client facilities have reopened, but each facility is reducing CAPEX as attendance remains significantly below pre-pandemic levels. - AGT has implemented a series of cost-cutting measures to better position itself to withstand the prolonged downturn. - Revenues for the second half of FY20 were $42 million, down 63%, compared to $116 million in the same period last year. - FY20 pre-tax loss was approximately $34 million, excluding non-cash impairment charges (including a $12 million non-cash impairment charge in LATAM), subject to audit completion. The net loss also excludes one-off charges and the JobKeeper subsidy.- Focused on strengthening liquidity and balance sheet, with cash of $26. 5 million as at 30 June 2020. Debt facility with ANZ is being restructured.- Cost reductions and more flexible funding will position AGT to benefit as customers gradually resume more normal levels of business. Chief Executive Officer Laurence Levy said: "While Covid-19 has hit our industry hard, we have moved quickly to protect Ainsworth. We have taken aggressive steps to streamline our indirect functions and secured more flexible financing to enable us to withstand a prolonged downturn. AGT is now well positioned. | - To prepare for a prolonged economic downturn, the final dividend for FY20 has been postponed. - AGT plans to release its unaudited preliminary FY2020 financial results after the market closes on August 27, 2020 and its audited accounts in September 2020. |
This delay in reporting the audited accounts is permitted pursuant to the ASX Class Exemption Decision - Extension of Reporting and Filing Deadlines dated 16 June 2020 and ASIC Corporations (Extended Reporting and Filing Deadlines - Listed Entities) Instrument 2020/451 (allowing an extension to 2 November 2020 of the deadline for filing audited annual accounts and other documents required to be filed with ASIC under section 319 of the Corporations Act 2001 (Cth)). AGT will make a further announcement to the market immediately following the filing of the unaudited accounts if there are any material differences between the unaudited accounts and the audited accounts. Cost minimisation measures Various cost minimisation measures have been implemented in the fourth quarter to support the impact of the pandemic and established regulations in global markets. - Executive management have voluntarily reduced their base salaries by 20% for the June quarter. This has now been extended to the September quarter. - The Chairman has waived his remuneration for the June quarter and agreed to a 20% reduction in his remuneration for the September quarter. - Other paid directors have taken a 20% reduction in their remuneration (including sub-committee fees) for the June quarter, which has been extended into the September quarter. - Rent concessions have been offered at the Newington premises: a waiver for the June quarter and a 50% reduction for the six months to 31 Dec 2020. Other rent concessions have been offered for occupied service premises. - A company-wide stand-down has been initiated. | -The loan frame will be reduced by $ 10 million in December 2020, and will be reduced by $ 10 million in March and April, and will be reduced by $ 60 million. -AGT's cash balance as of June 30, 2020 is $ 26. 5 million. Further latest information will be provided along with the 2020 unpaid financial results bulletin in FY2020, which will be announced on ASX after the market closing on August 27, 2020. |
