{"id":151,"date":"2024-06-17T00:55:04","date_gmt":"2024-06-16T21:55:04","guid":{"rendered":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/17\/ainsworth-projects-strong-finish-to-fy21-on-gaming-sector-rebound\/"},"modified":"2024-06-20T17:17:47","modified_gmt":"2024-06-20T14:17:47","slug":"ainsworth-projects-strong-finish-to-fy21-on-gaming-sector-rebound","status":"publish","type":"post","link":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/17\/ainsworth-projects-strong-finish-to-fy21-on-gaming-sector-rebound\/","title":{"rendered":"Ainsworth Projects Strong Finish to FY21 on Gaming Sector Rebound"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/vbMt3t4w8mM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ainsworth Game Technologies anticipates a robust conclusion to the current financial year, predicting a profit before tax of $780,000 (AUD) for the latter half of 2021. This optimistic projection stems from a revitalized gaming sector following the relaxation of COVID-19 limitations, positively impacting the company&#8217;s revenue and earnings projections.<\/p>\n<p>The projected earnings figure excludes foreign exchange fluctuations and non-recurring events, such as the March 2021 divestiture of their Nevada manufacturing facility for $3.3 million (AUD).  Incorporating depreciation and amortization, the projected pre-tax earnings for the second half of 2021 reach $13.2 million (AUD), a substantial 128% surge compared to the corresponding period in the previous year. For the complete fiscal year, Ainsworth expects a pre-tax profit of $19 million (AUD).<\/p>\n<p>Further solidifying their future outlook, Ainsworth recently secured a significant five-year, $30 million agreement with GAN Limited, a prominent gaming software company. This strategic alliance grants GAN sole rights to distribute Ainsworth&#8217;s current and upcoming online real-money games throughout the United States.<\/p>\n<p>Ainsworth, renowned for its collection of 79 distinctive games, will utilize this partnership to expedite the creation and deployment of novel and captivating content. The agreement, commencing on July 1, 2021, will involve GAN integrating Ainsworth&#8217;s existing online operations in New Jersey and planned entries into Michigan and Pennsylvania.<\/p>\n<p>This collaboration enables Ainsworth to concentrate on developing high-caliber, top-performing land-based games, which will subsequently be modified and introduced to the rapidly expanding online gaming market via GAN&#8217;s platform. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ainsworth Game Technologies anticipates a robust conclusion to the current financial year, predicting a profit before tax of $780,000 (AUD) for the latter half of 2021. This optimistic projection stems from a revitalized gaming sector following the relaxation of COVID-19 limitations, positively impacting the company&#8217;s revenue and earnings projections. The projected earnings figure excludes foreign [&hellip;]<\/p>\n","protected":false},"author":104,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ainsworth Game Technologies Eyes Huge Profits as Gaming Sector Rebounds<\/title>\n<meta name=\"description\" content=\"Ainsworth Game Technologies is predicting a massive $780,000 profit in the second half of 2021, fueled by a resurgence in the gaming sector. 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