• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ainsworth posts 22pct decline in Asia revenue in FY2019

Oct 28, 2019 Newsdesk Industry Talk, Latest News, Top of the deck  


Ainsworth posts 22pct decline in Asia revenue in FY2019

Revenue from the “Asia” market segment at Australian slot machine maker Ainsworth Game Technology Ltd fell by 22.4 percent year-on-year to about AUD2.5 million (US$1.7 million) in the 12-month period to June 30.

Ainsworth added that another measure of performance for Asia – the “segment result” – was AUD1.3 million, compared with AUD373,000 in the prior-year period, said the firm in its annual report, filed on Monday to the Australian Securities Exchange. The result for fiscal-year 2018 had been negatively affected by a one-off impairment loss for trade receivables of AUD920,000.

Almost all of Ainsworth’s revenue in Asia for fiscal-year 2019 came from “machine and part sales”.

Ainsworth had already announced in August that fiscal-year 2019 profit had fallen 65.9 percent year-on-year to nearly AUD10.9 million, on revenue that declined 11.8 percent for the period, to approximately AUD234.3 million. At the time, the firm did not provide a breakdown for performance in Asia.

In comments included in the firm’s annual report, chief executive Lawrence Levy mentioned the decline in revenue in Asia, but the group gave no commentary on the reasons.

Ainsworth announced in late September some planned board changes. Danny Gladstone – a current non-executive director and previous chief executive – is slated to become chairman at the conclusion of the firm’s 2019 annual general meeting to be held on November 26.

Graeme Campbell, the current chairman, is due – after the annual meeting – to step down and assume a role as the firm’s lead independent director.

Austria-based casino equipment maker Novomatic AG has been Ainsworth’s majority owner since January last year, and its strategic partner in sales and technology.


  • tweet
Related articles
  • Ainsworth launches strategic review, explores opportunities
    Ainsworth launches strategic review,...

    Nov 14, 2023  

  • AGEM Index for September down 4.6pct m-o-m
    AGEM Index for September down 4.6pct...

    Oct 25, 2023  

More news
  • Bruno Mars to perform at MGM Cotai in Jan: MGM China
    Bruno Mars to perform at MGM Cotai in...

    Nov 28, 2023  

  • Nomura caution on China economy, China tourism in Asia
    Nomura caution on China economy, China...

    Nov 28, 2023  


Latest News

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Nov 28, 2023  

American singer-songwriter Bruno Mars is to make a one-night-only concert appearance on the roof terrace of the MGM Cotai casino resort on January 6, said the venue promoter MGM China Holdings Ltd in...
Read More
Nomura caution on China economy, China tourism in Asia

Nomura caution on China economy, China tourism in Asia

Nov 28, 2023  

China ents provider iQiyi in deal for Galaxy Arena events

China ents provider iQiyi in deal for Galaxy Arena events

Nov 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”

Ian Hughes

Chief commercial officer of testing and certification firm GLI



Most Popular

  • Ex-exec of Saipan casino-tied firm jailed by Beijing courtEx-exec of Saipan casino-tied firm jailed by Beijing court November 27, 2023
  • Kazuo Okada properly removed from IR op: Philippine courtKazuo Okada properly removed from IR op: Philippine court November 28, 2023
  • Bruno Mars to perform at MGM Cotai in Jan: MGM ChinaBruno Mars to perform at MGM Cotai in Jan: MGM China November 28, 2023
  • Malaysia to allow visa-free entry to Chinese citizensMalaysia to allow visa-free entry to Chinese citizens November 27, 2023
  • China ents provider iQiyi in deal for Galaxy Arena eventsChina ents provider iQiyi in deal for Galaxy Arena events November 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us