Las Vegas, NV 89118 USA
Ainsworth Game Technology Limited (ASX:AGI) (“Ainsworth”) is an Australian publicly listed company headquartered in Newington, Sydney, Australia.
As a global company with offices located around the world, Ainsworth is committed to a vision of delivering excellence in gaming solutions and being a leading supplier in regions within Australasia, Europe, North and Latin America.
The Company’s Board of Directors and management strongly support the principles of good corporate governance to create long-term value for shareholders and maintaining the Company’s strong reputation for integrity. This is particularly important given the highly regulated nature of the industry Ainsworth operates within, and is essential for securing new gaming licences and protection of over 275 current licences globally.
With a fully integrated operation, Ainsworth encompasses the entire product development cycles, from conception through to installation, service and support. Innovative game designs and leading technology is consistently at the forefront of development teams to ensure entertainment and player appeal.
The global pandemic has necessitated the introduction of safety precautions in line with professional health recommendations which have been implemented in all Ainsworth offices with the health and safety of employees being a priority.
Ainsworth Videos and Product Demos
First Historical Horse Racing Machines to Go Live in New Market
LAS VEGAS (May 3, 2022) – Ainsworth Game Technology (“AGT” “Ainsworth”) has successfully installed its award-winning Historical Horse Racing System (HHR) and 100 machines at The Brook in Seabrook, N.H.
It marks the first time HHR machines have been utilized in the recently opened New Hampshire market. Several integrated partners’ machines – including Aristocrat Gaming, IGT, Konami Gaming and Light & Wonder – will also be installed and connected to Ainsworth’s System.
Players at The Brook will have access to a full suite of Ainsworth’s top performing content on several unique terminals including the A-STAR Curve, A-STAR Dual Screen, A600 Slant Top and A640. Titles immediately available include top performers from Ainsworth’s extensive HHR library, such as the player favorite QuickSpin brand, machines based on the iconic PAC-MAN arcade game character and High Denomination offerings.
The titles and platforms have been specifically engineered for Historical Horse Racing, certified by an independent testing lab, and approved by applicable gaming and racing commissions.
Ainsworth’s Chief Commercial Officer Deron Hunsberger said: “Our Historical Horse Racing System continues to be the industry leader in HHR. Our installations across the county have been extremely successful and it’s exciting to be live in New Hampshire with The Brook.”
"We're excited to bring Ainsworth’s library of online slot games to Pennsylvania via the GAN SuperRGS," said Ainsworth Interactive’s General Manager Jason Lim. "Ainsworth is committed to enhancing the online player experience for Cordish Live with our latest games and new innovative content.”
Managing Director of GAN Giuseppe Gardali added: 'We are thrilled to rollout Ainsworth content in another state via the GAN SuperRGS. We aim to bring the best, most engaging game experiences to operators and their players and the Ainsworth portfolio certainly ticks all these boxes. We look forward to rolling out more titles to the Pennsylvanian market in due course.”
Every issue we ask slot manufacturers what tools and strategies slot directors can benefit from that they might not be taking full advantage of.
In this article we interviewed Cody Herrick (CH), Senior Director of Game Design and Mike Trask (MT), Vice President of Product Marketing & Global Communications, Ainsworth Game Technology, and Dan Schrementi (DS), President of Gaming, Incredible Technologies
From left: Cody Herrick, Senior Director of Game Design, Ainsworth Game Technology; Mike Trask, Vice President of Product Marketing & Global Communications, Ainsworth Game Technology; Dan Schrementi, President of Gaming, Incredible Technologies
What should be the most significant change or strategy that Tribal casinos should focus on for their gaming product in 2022? (Is it more about connecting social gaming and on-property machines? Is it addressing new layouts due to social distancing? Is it changing up the slot floor mix?)
CH/Ainsworth: We are seeing new layouts and changes due to social distancing have an impact on game performance. Casinos and manufacturers both need to communicate better about floor changes. We want to make sure to provide the best options to fit a casino floor. Manufacturers and casino properties similarly must communicate better about how online gaming – both real money and social – are being used in Tribal markets. Both issues will significantly drive our product strategy.
DS/Incredible: Tribal operators have always been able to embrace innovation in gaming faster than large commercial operators can. Additionally, Tribal operators are the only operators who can run Class II games. 2022 should focus on the integrations of new, bold technologies to a Tribe’s operation – both with the games on the floor and online. Additionally, Tribes should look for opportunities to marry Class II opportunities into this strategy. Class II affords developers different ways to create gaming experiences that only Tribes can offer.
MT/Ainsworth: The success of our Showroom Live events has been tremendous. We have done dozens of live demos of our products, such as those in partnership with Tribal Gaming & Hospitality, but also one-on-one with customers who wouldn’t typically visit our Las Vegas headquarters or a big tradeshow. These have given our partners the chance to speak directly with our game developers, product managers and executives in real time while they see the products. We have done this both in our office, and at G2E and NIGA. Even as live events come back, I don’t see that kind of communication going away.
DS/Incredible: We have always offered custom video advertising integrated with our slot machines as a value-add of doing business with us. Most of our games ship with video signage that sits between the machines to create unique shapes and allow our art team to work with properties to collaborate on advertising for their floor. The pandemic brought on a new purpose for these separators – creating wider spacing and adding in pandemic-related messaging. Wider casino floors and bank layouts will be here to stay, and we will continue to offer this service for our customers.
During the last year, what have been the biggest “aha moments” from the slot vendor side, and will these change the way that you do business and develop products in 2022?
DS/Incredible: The biggest “aha moment” from our point of view is the emphasis on product diversification in our industry. Being a well-rounded vendor who can service multiple segments is more critical than trying to dominate the charts in one segment. COVID-19 shutdowns, supply chain delays, remote work – these are just some of the challenging examples that forced slot manufacturers like Incredible Technologies to pivot. Strengthening our portfolio with “Land-Based versus Online,” “Class III versus Class II, HHR,” “Slots versus Table Games” are just some of the ways that we have grown to prepare for the year ahead. Look across the industry and you will likely find similar examples from all of us on the vendor side.
Social distancing protocols shifted the layout of our gaming floors for a time. How are you as a gaming manufacturer addressing this in your product and layout? What are your clients asking for today?
MT/Ainsworth: The most tangible example of this is the launch of our A-STAR Curve XL cabinet. Our initial launch focuses on three-game pods with attractive infills between the games. This sort of configuration naturally provides social distancing. Perhaps in the past, we would have had launches with some kind of side-by-side seating.
DS/Incredible: Our industry has always known that smaller bank configurations in circular or triangular shapes were the best producing in a casino’s retail environment. Many operators have been space or power-constrained, preventing investment of time and money to reconfigure this way. The pandemic offered up the time for many operators to do these upgrades, and the effect is still carrying through today. Just this week, I heard my first request from an operator working on a large expansion saying, “our expansion area will only feature circular pods.” With time, the days of the long “grocery aisles” of games will be gone.
This article was written by and appeared in Tribal Gaming and Hospitality Magazine.
AGT today announced Mr Harald Neumann, has resigned as a director of the company with immediate effect.
Mr Neumann will continue as Chief Executive Officer (CEO). All other parts of Mr Neumanns' role and responsibilities, excluding previous director responsibilities, remain unchanged.
The resignation ensures AGT's compliance with governance best practices with a majority of independent, non-executive directors on the Board.
The Board is also undertaking a search process to appointan additional independent, non-executive director. It is envisaged the new appointment will complement the Board's skills and capabilities as well as contribute to diversity objectives.
AGT Chairman, Danny Gladstone said, "We appreciate Harald's constructive decision to step down from the Board to ensure AGT complies with governance best practices. AGT now has 3 directors, with 2 of these being independent non-executives. We look forward to Harald's ongoing leadership and contribution to AGT following his appointment as CEO.
This announcement was authorised for lodgement by the Board of Directors.
Company continues to expand HHR footprint with 200 games entering Wyoming
LAS VEGAS (December 16, 2021) – Ainsworth Game Technology (“AGT” “Ainsworth”) has successfully installed its award-winning Historical Horse Racing System and terminals at a Wyoming Downs property in Cheyenne. Over the next several months, Ainsworth will deploy more than 200 Historical Horse Racing terminals in several Wyoming Downs locations across the state.
Players at Wyoming Downs will have access to a full suite of Ainsworth’s top performing content on several unique terminals including the A640 and EVO. Games immediately available include several titles from the player favorite QuickSpin brand, including Super Charged 7s and Super Lantern 8s, as well as classic Ainsworth High Denomination games. The titles and platforms have been specifically engineered for Historical Horse Racing, certified by an independent testing lab, and approved by applicable gaming and racing commissions.
“Ainsworth has created a new, unique and exciting Historical Horse Racing product,” said Wyoming Downs Chief Operating Officer Rick Cook. “We have seen the performance of Ainsworth’s HHR games and the flexibility and product diversity of its system in other markets. We’re excited to bring this innovative offering to Wyoming players and believe this partnership with Ainsworth will lead to long term success for both companies.”
Ainsworth’s Chief Commercial Officer Deron Hunsberger said: “Our Historical Horse Racing System continues to raise the bar for HHR performance in markets across the U.S. Our installations in Wyoming continues our growth and we are thrilled to be working with Wyoming Downs to give their players an industry leading gaming experience.”
With this new partnership, Ainsworth’s casino game catalog will be available on Virtualsoft’s network of online casino platforms including DoradoBet in Peru, Ecuabet in Ecuador, and Netabet in Mexico.
With more than seven years in business, Virtualsoft provides platforms and solutions for leading brands in the online casino industry. This new alliance paves the way to access one of the most complete lines of slot games on the market and will bring Ainsworth Interactive content to countless players in the region.
For Ainsworth, this partnership represents an important step toward expanding its interactive division. It includes a comprehensive lineup of their most recognized games currently available in physical and digital casino formats, bringing some of the most popular games in the region to online gaming such as Mustang Money, Electric Nights, Rob the Bank, Arabian Rose, and Golden Yang, among others.
In addition to offering their most popular games, the brand said it has made sure to “maintain the same features that make Ainsworth a favorite. Multi-level progressive jackpots will provide the same fun and excitement they get on the casino floor,” according to a press release on Tuesday.
“We are striving to provide state-of-the-art products to the sector, and through this agreement we will substantially improve our current offering,” José Luis Osorio, Director of New Business Development at Virtualsoft, said.
“The innovation of Ainsworth games and the potential of the platform are a strategic step to consolidate our presence in the markets and increase the productivity levels of our clients,” Miguel Cuadros, President for Ainsworth Latin America, said.
Ainsworth Game Technology Ltd
ABN 37 068 516 665 10 Holker Street, Newington NSW 2127
Tel: +61 2 9739 8000
25 November 2021
ASX Code: AGI
AINSWORTH GAME TECHNOLOGY
LIMITED 2021 ANNUAL GENERAL MEETING
ADDRESSES NON-EXECUTIVE CHAIRMAN
(Presented by Mr Danny Gladstone)
Ladies and Gentlemen,
I would like to present the annual review of the 2021 financial year.
2021 has clearly been a challenging year for our customers, communities, and colleagues and I am proud of the support Ainsworth has provided through these difficult times. We have delivered a strong recovery in results in the second half of the financial year and with progress in vaccine roll outs and the gradual reopening of customers’ venues across our major markets, we look forward to further improvement in trading conditions in FY22 and beyond.
For FY21, AGT reported a Loss before Tax of $59.2 million. This loss reflects the impact of the pandemic and government imposed mandatory closures of customers’ venues, particularly in the first six months of FY21. The results also included $42.1 million relating to currency impacts and other oneoff non-recurring items, including non-cash impairment charges of $41.7 million.
Excluding currency translation impacts and one-off items noted above, the Loss before Tax for the year was $17.1 million. This compares to a loss of $34.0 million in FY20 on a similar basis.
The results for the second half of FY21 showed a significant improvement on the first half results. Our performance has followed the progress of vaccination programs and increased customer activity. Compared to the $56.6 million Loss before Tax reported for Half 1 of FY21, AGT delivered improved performance for the second half of the financial year with a loss of $2.6 million.
While macro conditions have been volatile, our long-term strategies have remained consistent. Our goals are to expand our international footprint, invest in technology to enhance the product suite, and build our participation fleet to improve the quality of earnings. These are the foundations for our future success.
International markets contributed $120.5 million in revenue for FY21, representing 76% of the group’s total revenue. This delivered an improved performance overall with the second half representing $67.6 million, up 28% on the first half. Recurring revenues continue to grow, accounting for 28% of total revenues compared to 26% in the Prior Corresponding Period (PCP). AGT’s units under gaming operation increased by 9% to 7,052, generating annuity style recurring revenues.
Operating costs were well controlled in FY21 with a decrease of 20% on the $122.7 million in the prior year. Current economic challenges resulted in the instigation of effective management and control of operational expenses, including agreed rental concessions, voluntary employee salary reductions and receipt of available government subsidies.
Despite these significant operational challenges, we remained focused on innovation and developing superior products for our customers. The effectiveness of our R&D investment will continue to be a primary objective with the efficient production of innovative, high performing products being the key to our future success.
The recent appointment of David Bollesen as Chief Product Officer will ensure our commitment to innovation and excellence. David has significant experience within the gaming industry and will be responsible for building on the existing game studios to drive increased game performance and market share in all regions.
AGT’s leading Historical Horse Racing (HHR) products and system, continued to perform well in the year. AGT is pursuing new revenue opportunities in current established markets and new jurisdictions where legislation has recently been passed, including New Hampshire, Wyoming, and Louisiana.
The previously launched A-Star cabinet is another example of Ainsworth at its best. We successfully exhibited the A-Star at the National Indian Gaming Association trade show in July 2021, the first to take place since the declaration of the pandemic. The positive customer responses and interest bode well for future growth.
In line with the strategic priority to protect AGT during this challenging period, the Company’s balance sheet and liquidity have been strengthened. At 30 June 2021, AGT had a cash balance of $42.4 million and since then, the cash balance has further increased. As a result of the exclusive distribution agreement for Real Money Gaming within the USA, AGT received the initial US$5 million contribution from GAN Limited in July 2021.
Given the focus on liquidity and ensuring AGT is well placed during challenging market conditions, the dividend program remains suspended.
While the FY21 results were significantly affected by the pandemic, the proactive measures we have implemented to strengthen AGT and position the Company for further recovery, should lead to improved performance as customer activity continues to increase. As you will have heard me say before, we have a professional workforce, an excellent industry reputation and a well-established footprint across our markets.
We also have a new CEO to lead our growth and recovery. Harald Neumann commenced as CEO on 1st October 2021. As the former successful CEO of Novomatic AG, our major shareholder, and a director of AGT, he brings a wealth of knowledge and experience to the role with a thorough understanding of AGT. I welcome him to his first AGM in his new role.
On behalf of the Board, I would like to acknowledge Lawrence Levy for his contribution, prior to his resignation as CEO in September for personal reasons.
I would like to close by thanking my fellow directors, our highly capable executive team in Australia and the Americas, as well as our dedicated and loyal employees, my fellow shareholders and of course, our customers.
I will now hand over to Harald to provide his CEO address.
CHIEF EXECUTIVE OFFICER (CEO)
(Presented by Mr Harald Neumann)
Thank you, Danny.
I am pleased to provide my first report as your new CEO. It is a privilege to be appointed to this executive leadership position at Ainsworth at such an important and challenging time in the company’s development.
As many of you will know, I started in my new role on the 1st October this year. I have been a director of your Company since 2017 and this will be my fifth Annual General Meeting of shareholders. It is a pleasure to present to you today and I add my welcome to all shareholders and guests.
Given my experience in the industry and directorship at Ainsworth, I have been able to build a strong knowledge of the business and a good understanding of our strengths and opportunities. Our key strengths include our trusted brand, our highly capable staff, the company’s enduring commitment to developing superior game technologies and our customer relationships across our major markets, particularly in the Americas.
It is the potential to leverage these strengths into large market opportunities to deliver sustained growth and improved returns for shareholders that appeals to me about the role and excites me about Ainsworth.
I have recently visited a number of our operations to review our capabilities and opportunities. I have also had the benefit of talking with customers and many of my colleagues including management, sales and marketing teams and product developers. It is very clear to me that we have the ability, as pandemic restrictions are removed, to deliver on our potential to be a larger and more profitable company in our major markets.
The improved results we delivered in the second half of FY21 highlight this recovery potential. Revenue in Half 2 increased by 21% compared to the first half. Loss after tax for Half 2, including $12.5 million of non-cash impairments, was $3.3 million compared to a loss of $50.1 million in the first six months.
Underlying EBITDA, a more reflective measure of operational performance, vastly improved in Half 2 of FY21, and increased year on year. AGT reported underlying EBITDA of $15.5 million for FY21 compared to $5.8 million in the Prior Corresponding Period. Underlying EBITDA for Half 2 of FY21 was $14.4 million compared to $1.1 million in the first half. While these results don’t reflect Ainsworth’s real earnings potential, they are much better results than we reported for the first half.
The North America region was once again the highlight of the results. The region reported revenue of $88.5 million, up 23%. Customer activity has recovered strongly as many markets reopened once vaccination programs advanced.
Assets on participation were up 17% to 2,712. Participation and lease revenue increased by 66% year on year, and now contribute a greater share of overall regional revenue at 44% (32% in FY20).
Following the close of the financial year, AGT completed a cash sale to Kentucky Downs of 400 machines previously under participation. The sale represents a mixture of hardware configurations including a portion of the newly released A-Star curve cabinets. The agreement provides for AGT to receive connection fees in FY22 and beyond. This sale gives us a good start to the new financial year.
Australia delivered a good result in FY21, with solid growth over the PCP. The new A-Star curve cabinet and suite of innovative games were launched in the year. Revenue grew by 38% and EBITDA by 15% to $5.4 million (PCP: $4.7 million). Revenue increased in all states except Victoria.
While the latest lockdowns in some states of Australia created uncertainty, customers are now looking to progressively invest in their gaming floors to ensure they are competitively placed and appropriately resourced. I am pleased to report venues are now reopening and activity levels are slowly recovering.
Latin America was heavily impacted by the pandemic with high transmission rates, Government mandated closures and access restrictions to customer venues in Mexico, Argentina, and Peru. These restrictions affected performance. Revenues for the region were $18.3 million, a reduction of 56%.
Results in Half 2 of FY21 saw some recovery with revenues of $13.5 million compared to $4.8 million reported in Half 1. Of the 625 machines AGT sold in the region last year, 82% were in the second half. As these markets increase vaccination rates, it is expected that Government restrictions will be eased within FY22 and further revenue opportunities can be expected as previously deferred purchasing decisions are progressed across the region.
Online revenue grew by 28% to $5.9 million in the year following the launch of Real Money Gaming in New Jersey in April 2020 and progressively going live with AGT content with seven (7) major operators. The success of this business led to the US exclusivity agreement AGT executed with GAN Limited, ensuring continued growth for FY22 and beyond.
The gross margin in FY21 was 56%, an increase on the 52% reported in the first half, however an overall reduction on the 61% in the PCP. The reduced margin was primarily due to further write down of older style cabinets, higher production overhead costs resulting from lower production units and sales forecasts in most jurisdictions.
Despite all the challenges of the pandemic across our regions, AGT today is well placed for further recovery and long-term growth. We proactively took the opportunities the pandemic presented to enhance product development, streamline our cost base, expand our market presence and strengthen our balance sheet. These initiatives have improved our financial results. We are conducting a broad review of our operations and investments to ensure we are maximising our assets and opportunities so that we are well positioned for the future.
We have an optimistic outlook. Our North American business is performing well. Markets have effectively reopened over there, with social distancing. We are pursuing new growth opportunities for our market leading Historical Horse Racing (HHR) products in new jurisdictions following the passing of new legislation. We are excited by the opportunities to extend MTD, which we acquired in FY20 across our jurisdictions to drive new sales and we can promote the A-Star cabinet, which is still relatively new in the US given so many trade shows and exhibitions were cancelled last year. Our Australian business is also making progress after the recent lockdowns.
The commitment to employing the best talents available to drive effective and efficient product development is critical to our success. To enhance our efforts in this area and as Danny outlined, we welcome David Bollesen as our new Chief Product Officer. David commenced on 7 October this year and has a wealth of industry knowledge having held senior positions in a career spanning over 25 years. Most recently David held the position as Vice President of Game Studios of a major international gaming company within Australia as well as several key roles within the USA. We look forward to David’s involvement at Ainsworth and positive contributions across development strategies in coming periods.
Our strong financial model supports our growth ambitions. 28% of group revenues recur and 76% of our sales are from offshore markets. In FY21 we refinanced a $50 million flexible loan facility and closed the year with a cash balance of $42.4 million.
Since 30th June, our financial positioned has strengthened further as Danny explained. We received the USD $5 million initial payment from GAN. Churchill Downs paid us USD9.4 million for the sale of 400 participation machines in July and we have been able to repay US$18 million of borrowings.
AGT is purposefully a different company to the one we were before the pandemic. We have deliberately taken advantage of the opportunities available to us over the last year to become more streamlined, more efficient and more competitive. We are well positioned for recovery and growth.
I am pleased to report AGT’s momentum in the second half of the last financial year has continued into FY22. Revenue for the first half of FY22, is expected to be ahead both the prior corresponding period and the previous six months. AGT expects to deliver a profit before tax, excluding currency impacts and one-off items, for the first half of FY22 of around A$10m.
While domestic markets have been adversely impacted by extended lockdowns, our North American and Latin American operations are delivering growth and improved earnings. AGT’s online activities are also contributing positively following the exclusive distribution partnership announced with GAN Limited.
I wish to express my appreciation to Danny Gladstone as the Chairman for his ongoing contribution to the Company. Danny has tremendous industry knowledge and proven expertise and I look forward to working closely with him.
I would also like to thank the other directors on the Board, Mark Ludski our CFO, the executive teams from North America, Latin America and Australia and our talented employees, supportive shareholders and, importantly, our customers for their trust and continued support.
2021 Annual General Meeting Presentation:
For further information please contact:
Mobile: 0400 248 080
Ainsworth Game Technology LtdMark Ludski
Ph: +61 2 9739 8021
The new A-STAR Curve XL features a 4K 55-inch floating infinity monitor, dynamic LED lighting, and a state-of-the-art LCD button deck. The brand-new cabinet debuts with the Take It or Leave It game series.
This two-game series –Super Hot 7s Classic and Solid Gold 8s Classic – combines popular QuickSpin wheel play mechanics and proven Ainsworth High Denomination math into a powerful Linked Progressive bank built for the biggest gamblers. The player chase focuses on a line-win Progressive and the Take It or Leave It wheel bonus.
“We are absolutely thrilled to introduce our A-STAR Curve XL product at Barona,” said Ainsworth Chief Commercial Officer Deron Hunsberger. “Barona is one of the top properties in the country for big gamblers and we are excited their players will be the first to take a spin on the Take It or Leave It games. This cabinet and game style showcases Ainsworth’s effort to create a truly premium game experience for players while giving our casino partners a great return-on-investment.”
Additional installations of the A-STAR Curve XL are scheduled for throughout California, Oklahoma, and Nevada in the coming weeks. The product has been approved in multiple North American markets and can be ordered now.
Ainsworth Game Technology (ASX: AGI) announced today that Mike Trask has been promoted to Vice President of Product Marketing & Communications.
Trask has been with Ainsworth since 2016, previously serving as Director of Marketing and Director of Product Marketing & Strategy. Prior to joining Ainsworth, he served in key marketing roles with Scientific Games and Bally Technologies.
“Mike has grown tremendously over the past few years at Ainsworth,” said Chief Commercial Officer Deron Hunsberger. “He has built a highly successful product marketing team; created and strengthened our gaming analytics efforts; taken on increasing responsibility for Class III, Class II and HHR product management; and driven Ainsworth marketing and communications efforts such as our ongoing Showroom Live virtual events. I am an excited to continue working with him in this new role and seeing Mike further develop into a key leader for the company.”
Trask will continue to be based in the Las Vegas office with a focus on key North American initiatives such as the launch of the A-STAR Curve XL premium cabinet, HHR product growth, and aiding in the creation and release of the next generation of Ainsworth content.
Ainsworth and Pariplay plan to offer their combined game catalog to all Latin American markets via the Fusion platform.
Ainsworth Game Technology Limited and Pariplay have joined forces in Latin America to distribute Ainsworth’s real money gaming (RMG) content exclusively through Pariplay’s innovative Fusion platform. Ainsworth already has a solid presence in Mexico and the rest of Latin America with both its land-based and iGaming products.
Through this agreement, Ainsworth and Pariplay plan to offer their combined game catalog to all LATAM markets via the Fusion platform. This facilitates the availability of premium game content and promotes expansive and effective growth in the targeted markets.
Jason Lim, Ainsworth’s General Manager of Online, said: “Ainsworth is continuing our online growth strategy and this partnership with Pariplay will significantly strengthen our offering and further consolidate our position as a top-tier slot developer in the Latin American markets.”
Andrew Maclean, Vice President of Sales for Pariplay, commented: “We are pleased and very excited about the beginning of this alliance. The new opportunities and reach that we will have in a greater number of regulated markets by the hand of a great company like Ainsworth, with experience and knowledge, is encouraging. This event undoubtedly marks the beginning of a very successful and innovative partnership."
Bernie Gamboa, Marketing and Online Director for Ainsworth Latin America, added: "The innovation of Ainsworth games and the potential of Pariplay's Fusion platform is a strategic step to jointly grow our presence in the markets with Pariplay."
Ainsworth Game Technology (ASX: AGI) announced today that David Bollesen has been appointed the new Chief Product Officer (CPO) effective October 7, 2021.
Bollesen has a distinguished career spanning more than 25 years in the digital entertainment industry and will head Ainsworth’s Game Development teams globally.
Most recently, he spent more than 11 years working at IGT, including serving as Vice President of Game Studios in the company’s Australia headquarters. Prior to moving to Australia, Bollesen served in several key roles for IGT in Reno, Nev.
Ainsworth Chairman Danny Gladstone said: “We are looking forward to having David on board to lead the next generation of Ainsworth products to the market.”
Bollesen has led and collaborated on numerous video games and slot machine products with proven success. Based in Ainsworth’s Sydney headquarters, he will be responsible for building on the existing game studios and driving increased game performance and market share in all regions.
“I firmly believe that developers and operators must aggressively drive for new features and technologies with a keen awareness of the core concepts,” said Bollesen. “I believe in the strength of the Ainsworth brand and with the right strategies in place there is an opportunity to build on the fundamentals by understanding what core gamers are looking for in their experience.”
Ainsworth Game Technology Limited today announced that Mr Lawrence Levy has advised the Company of his intention to resign from the role of Chief Executive Officer (CEO) effective Friday 10th September 2021.
The Company further advised that it has been agreed with Mr Harald Neumann that he will be appointed as the new Chief Executive Officer commencing 1st October 2021.
Mr Neumann’s appointment in the role is subject to regulatory approvals and the completion of contractual details. Mr Neumanns’ remuneration terms are expected to be similar to Mr Levy’s and will be released to ASX on completion.
Mr Neumann has been a director of Ainsworth since February 2017. Mr Neumann will remain a director of the Company at the present time, albeit from the 1st of October in an executive capacity.
Mr Mark Ludski, Chief Financial Officer will undertake the additional role of interim CEO until the appointment of Mr Neumann takes effect to ensure continuity of leadership and oversight of the Company’s operations.
Mr Danny Gladstone, Chairman said, “On behalf of the Board, we thank Lawrence for his contribution through challenging times. Lawrence has decided to resign for personal reasons, and we wish him well.
We are fortunate to be able to appoint Harald as our new CEO. As the former successful CEO of Novomatic AG, our major shareholder, and a director of AGT, he brings a wealth of knowledge and experience to the role with a thorough understanding of AGT. He will be able to seamlessly transition to the new position. Harald will be based in Las Vegas where he can lead AGT in our largest market continuing to drive growth and recovery.”
This announcement was authorised for lodgement by the Board of Directors.
August 26, 2021 - Australian slot machine supplier Ainsworth Game Technology has reported a loss before tax of AU$59.2 million for the 12 months to 30 June 2021, although just AU$2.6 million of that loss was recorded in the second half of the financial year.
The FY21 loss, widened from a loss of AU$43 million in 2020, came despite a 7% increase in revenue to AU$159.5 million, where gains in the North American and Australian markets offset a significant decline in Latin America.
Ainsworth said the FY21 loss would have only been just AU$17.1 million if not for currency translation impacts and one-off items, with a 1H21 loss of AU$18.7 million and 2H21 profit of AU$1.6 million.
Adjusted EBITDA of AU$15.5 million, up from AU$5.8 million a year earlier, included EBITDA of AU$1.1 million for the first half of FY21 and AU$14.4 million in the second half.
According to Ainsworth’s FY21 results release, international markets contributed 76% of the group’s total revenue at AU$120.5 million, with revenue from North America up 23% year-on-year to AU$88.5 million.
The Australian region also performed well, with revenue up 38% year-on-year and EBITDA by 15% to AU$5.4 million including increases in all states except Victoria. Ainsworth added that despite current uncertainties across Australia due to COVID-10 lockdowns in Victoria and New South Wales, customers are c continuing to invest in their gaming floors in preparation for when venues reopen.
However, revenues in Latin America fell 56% in FY21 to AU$18.3 million with mandated closures and restricted access in Mexico, Argentina and Peru impacting results.
Ainsworth reported a 28% increase in online revenue to AU$5.9 million after launching real money gaming in New Jersey in April 2020.
Ainsworth's presentation is at: https://www.agtslots.com/assets/ASX-Release---Financial-Results-FY21_Presentation-1630034518.pdf
AGT now expects, subject to audit finalisation, the Profit before Tax for the second half of FY21 (2HFY21), excluding one-off items and currency translations, will be approximately $1.6 million – refer to reconciliation provided below. This compares to the estimated Profit before Tax of approximately $1 million announced on 18 May.
Revenue for 2HFY21 is expected to be around $88 million, compared to $72 million in the first half of FY21, an increase of 22%. AGT’s underlying EBITDA for 2HFY21, excluding any one-off items and currency translations, is expected to be around $14.4 million, compared to the $13.2 million previously advised in May.
Australia revenue contribution was $20 million in 2HFY21, resulting in total revenue for FY21 of $39 million, an increase of 39% over the $28 million in the Prior Corresponding Period (PCP) in FY20. Further extended lockdowns across New South Wales and other states within Australia have created an element of uncertainty and risk associated with the timing of when operations across domestic markets will resume.
Given these potential risks, it was considered prudent to embed additional risks in our forecast cashflows when assessing asset values in the Australian and Other (comprising of Rest of World) and Latin America Cash Generating Units (CGU’s). These additional risks may not eventuate, however considering the detrimental impact the Delta variant of COVID-19 is having on society and the consequential restrictions governments are imposing on our customers, it was considered prudent to further risk adjust the forecast cashflows for these CGU’s. As a result, AGT will record an additional non-cash impairment charge in 2HFY21 of $10.3 million against the value of these assets in the FY21 audited results.
The key market of North America has continued to perform strongly in the period with total revenue in FY21 of $88 million, an increase of 22% on the $72 million in the PCP. Additional opportunities are being pursued for AGT’s leading Historical Horse Racing (HHR) products in new jurisdictions following the passing of new legislation.
In addition, a cash sale to Kentucky Downs of 400 HHR units previously operating under participation was recently completed in July 2021. The sale provides for on-going revenue connection fees continuing into FY22. The blended Average Selling Price on this sale was above our average for the region and represented a mixture of hardware configurations including a portion of the newly released A-Star curve cabinets.
AGT further advises that strong cash flows in the second half, along with the effective management of operational expenses, resulted in cash held as at the reporting date of $42 million, an increase of 56% over the PCP. The cash balance excludes any contribution from the previously announced exclusive agreement with GAN Limited, where an initial USD5.0 million was received in early July 2021.
AGT expects to release FY21 full year audited results after close on Thursday 26 August 2021.
This announcement was authorised for lodgement by the Board of Directors.
Full release: https://www.agtslots.com/assets/ASX-Release---Draft-FY21-Financial-Results_Final-.pdf.
Caesars online players now have the chance to play Ainsworth titles that have been proven performers in both land-based and online casinos. Titles available include the popular QuickSpin brand of wheel games and long-time player favorite High Denomination titles.
Additional games will be regularly added to the sites, ensuring players always have access to the hottest games and innovative play styles.
“We’re honored to be partnering with a prestigious operator like Caesars,” said Ainsworth General Manager – Online Jason Lim. “This launch furthers our presence in the New Jersey market, and we’re thrilled to be live with our latest games on the Caesars sites. We are confident the tremendous math models and fun play mechanics will be successful and provide an entertaining experience for Caesars players.”
LAS VEGAS, NV June 4, 2021 – Ainsworth Game Technology Limited (ASX: AGI) (“Ainsworth”) and Wynn Interactive recently announced a long-term partnership that brings a selection of Ainsworth’s proven slot games to the popular WynnBet online casino in New Jersey.
WynnBet players now have the chance to play Ainsworth titles that have been proven performers in both land-based and online casinos. Titles available include the QuickSpin brand of wheel games and proven top performing High Denomination titles.
Additional games will be regularly added to the sites, ensuring players always have access to the hottest games and innovative play styles.
“We’re honored to be partnering with a prestigious operator like Wynn,” said Ainsworth General Manager – Online Jason Lim. “This launch furthers our presence in the New Jersey market and we’re thrilled to be live with our latest games on WynnBet. We are confident the tremendous math models and fun play mechanics will be successful and provide an entertaining experience for WynnBet players.”
Ainsworth Game Technology and Aristocrat Gaming™ Partner to Create Historical Horse Racing Machines in Kentucky
Agreement also enables Aristocrat Content on Ainsworth Systems in Other HHR Markets
LAS VEGAS (June 1, 2021) – Ainsworth Game Technology (ASX:AGI) (“Ainsworth”) has partnered with Aristocrat Gaming™ to launch Historical Horse Racing (“HHR”) machines.
Aristocrat’s newly engineered historical horse racing machines will operate on Ainsworth’s proprietary Historical Horse Racing System. Under the agreement, Aristocrat will provide games specifically created to comply with Kentucky’s HHR regulations and will feature popular Aristocrat brands including Buffalo Wild Lepre’Coins™, and others exclusively on its award-winning MarsX™ family of cabinets.
Additionally, Aristocrat content will be available in other markets where Ainsworth’s Historical Horse Racing System is deployed.
Ainsworth’s award-winning Historical Horse Racing System now hosts machines created by multiple key gaming manufacturers, in addition to supporting a full suite of Ainsworth’s high performing games and cabinets.
“We are excited to begin offering Aristocrat’s player favorite titles on our System,” said Ainsworth Chief Commercial Officer Deron Hunsberger. “In the two years since Ainsworth launched its system with more than 1,000 games in Kentucky, we have continually worked to provide additional game options to CDI and its players.”
LAS VEGAS (May 17, 2021) – Ainsworth Game Technology Limited (“Ainsworth”) (ASX: AGI) and GAN Limited (“GAN”) (NASDAQ: GAN) today announced an initial 5 year partnership for a minimum guaranteed amount of US$30 million in consideration for the exclusive supply of current and future Ainsworth real money online games within North America. Ainsworth’s existing online operations in New Jersey are incorporated in the Agreement, as well as the planned expansions in Michigan and Pennsylvania.
The agreement provides GAN with exclusive online rights to all current and future Ainsworth real money online games. More than 75 unique slots titles are initially included in the agreement, including the QuickSpin brand of wheel games and proven top performing High Denomination titles.
Additionally, Ainsworth will provide a variety of new game content on a regular basis, including derivatives of titles that have been successful in the New Jersey Online casino market such as Pan Chang, Lucky Break and Kanga Cash.
“This agreement with GAN capitalizes on the strength of both companies and provides strong competitive advantages in the rapidly growing U.S. online market,” said Ainsworth General Manager, Online – Jason Lim.
Mr. Lim added “This partnership provides Ainsworth with a significant revenue base as we continue to work to grow our digital footprint across global markets. It positions Ainsworth to be focused on ensuring development of quality and high performing land-based content into online markets.”
Ainsworth will continue to ensure current partners have continual access to the same strong content through this partnership with GAN.
GAN Chief Commercial Officer Jeff Berman said: “Today’s announcement recognizes the benefit of marrying our distribution to Ainsworth’s content and is an important step toward becoming a leading force within the competitive distribution channels in the US online gaming segment. This agreement ensures that GAN possesses differentiated and exclusive access to what we believe will be an ever-growing focus on recognized retail gaming content naturally sought-after by Americans engaged in playing online casino games. Our goal is to continue to build a leading portfolio of U.S. casino games to benefit our diverse clients and establish ourselves as exclusive providers of premier U.S. content. We are excited to extend our long-standing relationship with Ainsworth, as they have built a global reputation for developing award-winning games for both the online and land-based channels.”
Ainsworth Chief Operating Officer Ryan Comstock added: “We have a suite of strong performing games and several key online casino partners. This partnership with GAN will assist to ensure the timely access to expanded online distribution channels of our unique and recognizable brands.”
About Ainsworth Game Technology
Ainsworth Game Technology Limited (ASX:AGI) (“Ainsworth”) is a Australian publicly listed company headquartered in Sydney, Australia. Ainsworth offices are located around the world including the U.S. and Latin America. With a fully integrated operation including design, development, assembly, testing, sales and field service; Ainsworth encompasses the entire product development cycle from conception through to installation, service and support.
LAS VEGAS (May 6, 2021) – Ainsworth Game Technology (AX: AGI) has partnered with Slotegator, an iGaming aggregator, to distribute its video slot content in the Eastern European online casino market.
Slotegrator’s APIgrator solution makes it possible to easily integrate Ainsworth slots into online casino operators' platforms. The European-based company incorporates slots, card game and virtual sports from more than 60 game developers across the world.
Among the titles that will soon be available via Slotegrator are classic Ainsworth titles including the QuickSpin brand of wheel games, proven high performing High Denomination titles, as well as worldwide player favorites like Mustang Money.
Additionally, Ainsworth will provide a variety of new game content that has been successful in Australian and North American markets such as the Pan Chang, Lucky Break and Kanga Cash.
“We are continuing our strategy to expand Ainsworth offerings across regulated markets throughout Eastern Europe,” said Ainsworth Online General Manager Jason Lim. “We are excited to begin working with Slotegrator to offer our proven games to a variety of new online casino operators within the Slotegrator distribution network.”
The $35 million credit facility, structured by Western Alliance Bank, will assist in Ainsworth’s long-range growth plans
LAS VEGAS - March 31, 2021 - Ainsworth Game Technology (ASX:AGI) (“Ainsworth”) has recently announced the completion of a loan restructuring to refinance existing debt, and better position the company for its continued recovery and growth strategy.
The $35 million credit structure was facilitated by Western Alliance Bank, marking the first time Ainsworth has chosen a U.S.-based banking institution to manage its credit needs.
This decision demonstrates Ainsworth’s commitment to the important American market and its valued customer partners in the region. Ainsworth has been focused on growth in the U.S. and Latin America over the past decade, highlighted by the establishment in 2016 of a North American Headquarters in Las Vegas.
Over the past several years, more than 70 percent of the Company’s revenue has been generated in the Americas and Ainsworth has successfully entered a number of new North American markets including Class II Tribal Gaming and Historical Horse Racing.
“The refinancing provides certainty and flexibility to achieve our expected growth plans and rollout of the Group’s innovative and new gaming products,” said Ainsworth Chief Operating Officer, Ryan Comstock. “The new credit arrangements are expected to assist to create stronger banking relationships, in Las Vegas, to support the key North and Latin American markets.”
"Western Alliance Bank is a banking leader within the Historical Horse Racing (HHR) terminal space, and the opportunity to work with Ainsworth, one of the leading HHR manufacturers, makes our partnership truly unique,” said Ashan Perera, managing director, Western Alliance Bank’s Gaming group. "We are honored that Ainsworth has chosen Western Alliance Bank to be its bank of choice in North America servicing all its banking needs."
Ainsworth said Friday that it has used US$28 million of the new facility to “extinguish all Company obligations under the prior revolving credit facility with Australia and New Zealand Banking Group Limited (ANZ Bank).“
The company’s United States subsidiary, Ainsworth Game Technology Inc, is listed as borrower of the new facility with its parent firms AGT Pty Ltd and Ainsworth Game Technology Limited serving as guarantors.
More information will be provided when the company releases its results for the six months to 31 December 2020 this Thursday. Ainsworth revealed earlier this month that it expects to report a loss of around AU$14 million (US$10.8 million), having previously recorded a loss of AU$43 million (US$33.8 million) for the year ended 30 June 2020 due to the impact of COVID-19.
Ainsworth Game Technology Installs 105 Historical Horse Racing Games at Rosie’s Gaming Emporium® in Virginia
Company’s HHR Product Footprint Continues to Grow
LAS VEGAS (December 2, 2020) – Ainsworth Game Technology (“AGT” “Ainsworth”) has successfully installed its award-winning Historical Horse Racing System and 105 gaming terminals at Rosie’s Gaming Emporium® (Rosie’s) in Richmond, Va.
Players at Rosie’s now have access to a full suite of Ainsworth’s top performing content on several unique terminals including the A640, EVO and A600 Slant Top. Games immediately available include several titles from the player favorite QuickSpin brand, including Super Charged 7s, Super Lantern 8s and Super Hot 7s.
Ainsworth has also installed classic High Denomination content like Eagle Bucks and The Enforcer.
The titles and platforms have been specifically engineered for Historical Horse Racing, certified by an independent testing lab and approved by applicable gaming and racing commissions.
“Ainsworth has created an excellent Historical Horse Racing product,” said Jeff Townsend, Vice President of Gaming, of Colonial Downs Group, LLC d/b/a Rosie’s Gaming Emporium®. “We are excited to offer our players the latest games that can provide a thrilling experience and help ensure long-term success for our property.”
Ainsworth’s Chief Commercial Officer Deron Hunsberger said: “Our Historical Horse Racing games are now live and performing well in several properties around the United States. We’re excited to begin a partnership with Rosie’s that continues our growth and showcases a first-class wagering experience to our customers and their players.”
WORLD PREMIERE OF AINSWORTH’S GEORGE LOPEZ NEIGHBORHOOD TOUR AT SAN MANUEL CASINO IN SOUTHERN CALIFORNIA
“The game welcomes everyone to the neighborhood,” said George Lopez. “We hope everyone’s a winner!”
A bank of the new games can be found just outside the George Lopez Chingon Kitchen located on the second level of San Manuel.
Ainsworth developed George Lopez Neighborhood Tour in close partnership with the legendary comedian. The game is based upon the lifestyle of George Lopez, incorporating images and custom voiceover messaging to communicate with players.
“The George Lopez brand is a great addition to our product portfolio,” said Ainsworth Chief Commercial Officer Deron Hunsberger. “We are excited to launch this title at San Manuel, a valued partner and word-class casino in Southern California.”
George Lopez Neighborhood Tour offers players an exciting persistent state play game mechanic, the chance to spin a lowrider wheel, Free Games and several random base game bonuses.
The game is now available exclusively on the new A-STAR Curve cabinet, Ainsworth’s first cabinet release in more than three years. The A-STAR Curve features a 43-inch floating infinity monitor, dynamic LED lighting, a state-of-the-art LCD button deck and has been installed in several North American casino markets. It is available as a for sale title or as part of participation agreements.
LAS VEGAS, NV October 21, 2020 – Ainsworth Game Technology Limited (ASX: AGI) (“Ainsworth”) announced it has reached an agreement to provide exclusive Keno, Video Poker and Reel content for Golden Gaming across its route in Montana.
The three-year agreement gives Golden Gaming exclusive rights to use the Montana Gold MultiGame, which includes a variety of content that is among the top performing in the competitive Montana Video Lottery Terminal market.
This announcement comes less than six months after Ainsworth purchased the assets of MTD Gaming Inc. MTD developed and supplied premium performing and unique Poker, Keno and Reel content for Video Lottery Terminal markets such as Montana, Louisiana and South Dakota.
“This is our first large agreement following the acquisition of MTD’s assets,” said Ainsworth Chief Commercial Officer Deron Hunsberger. “We are thrilled to continue to be working extremely closely with the most respected route operator in the U.S. in Golden Gaming. We are confident the strong performance of this product in Montana will provide a strong return-on-investment for Golden and a unique experience for players.”
Ainsworth plans to expand the offering of these Keno, Video Poker and reel slot MulitGame products across multiple markets in the coming months, including Nevada, California, Arizona and New Mexico.
Golden Gaming Senior Vice President of Distributed Gaming Blake Sartini said: “Ainsworth and the former MTD product make for a great match. We are excited to have the exclusive content rights in Montana and looking forward to a mutually beneficial long-term partnership.”
RUSH STREET INTERACTIVE PARTNERS WITH REPUTABLE GAMING PROVIDER AINSWORTH TO LAUNCH NEW ONLINE SLOT GAMES AT PLAYSUGARHOUSE.COM IN NEW JERSEY
LAS VEGAS, NV October 19, 2020 – Rush Street Interactive (RSI) is thrilled to partner with Ainsworth Game Technology Limited (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 will now have the chance to spin the reels on several of Ainsworth’s strongest performing titles such as Viking Reign, Amazon Gold, Sweet Chilli and Action Dragons. Additionally, Ainsworth will be adding new slot games regularly so that PlaySugarHouse.com players will have a continual flow of exciting and innovative Ainsworth game content available to play on the site.
“It’s great news for our players that we are adding Ainsworth content to our robust library of slot games,” says Richard Schwartz, President of Rush Street Inertactive, which operatates PlaySugarHouse.com. “Every week we’re adding new games for players to enjoy, and the partnership with Ainsworth provides us with a great suite of new slot games that supports our goal of always delivering a dynamic and premium experience for our valued players.”
“We are excited to partner with the highly acclaimed online casino operator, RSI, to bring our content to a new audience in New Jersey,” said Ainsworth Online General Manager Jason Lim. “We’re now happy to be offering PlaySugarHouse.com players the chance to win big while experiencing some of our more popular land-based games in an online environment, as well as introducing them to some exciting new titles we’re developing for future release at PlaySugarHouse.com.”
LAS VEGAS, NV October 1, 2020 – Ainsworth Game Technology Limited (ASX: AGI) (“Ainsworth”) and Resorts Casino in Atlantic City, N.J. recenty announced the latest thrilling Ainsworth games can now be played at www.ResortsCasino.com and www.MoheganSunCasino.com.
Resorts Casino players can now aim to win big on a variety of Ainsworth titles like Golden Dollars and Wild Nights with new games being released on a regular basis.
“We are excited to have our content available on the Resorts Casino sites,” said Ainsworth Online General Manager Jason Lim. “Our growth in the New Jersey online market continues and we’re seeing that players enjoy the unique experience of Ainsworth games. Many of these games have been popular for many years in Atlantic City land-based properties. Now players can experience them in a new way online.”
Ed Andrewes, CEO of Resorts Interactive Casino, said “It’s great news to have Ainsworth titles live on www.ResortsCasino.com and www.MoheganSunCasino.com. Ainsworth’s high and low denomination games make a tremendous addition to our already broad library of games We believe that these games will resonate particularly well with our customers who like to play in the casino as well as online, and this will further establish our position as one of the leading operators for online slots in New Jersey.”
LAS VEGAS, NV September 23, 2020 – Ainsworth Game Technology (ASX: AGI) (“Ainsworth”) announced a new partnership with SoftGamings, a B2B casino platform provider and gaming systems aggregator. Ainsworth’s casino slot games will be available through SoftGamings European and UK platform and real-money gaming operator network.
Ainsworth’s General Manager of Interactive and Online, Jason Lim said: “We are excited to be partnering with SoftGamings in continuing our expansion into the European Real Money Gaming market and look forward to growing the online business with our latest land based games.”.
SoftGamings’ Director of Partnerships, Irina Sazonova, stated: “Inking the partnership deal with Ainsworth Game Technology is a huge step forward and an important milestone for SoftGamings. We are happy to welcome the company to our family that already features 100+ providers and more than 3,000 games. Moreover, we are thrilled to offer Ainsworth’s games to our clients via SoftGamings’ unified API integration platform and look forward to a long and fruitful collaboration with the provider.”
NOVOMATIC has signed a non-exclusive distribution agreement with Ainsworth, whereby the Australian company will act as a sales and service unit for NOVOMATIC products in the Asia-Pacific region, including Australia and New Zealand.
Newly appointed Ainsworth VP Business Development & Sales Asia Pacific, Robert Dijkstra, will be representing both brands. For the past five years prior to his new role, Robert represented NOVOMATIC in the Asia-Pacific region, working closely with Ainsworth.
NOVOMATIC’s Sales Manager Southeast Asia, Michael Barsin, will also join Ainsworth as of October 1st, 2020 continuing to serve the region from his Hong Kong base, representing both brands.
The NOVOMATIC product suite for the Asian region consists of leading slot machines, market-focused games and multi-game editions, ETGs, casino management and media systems, Linked Progressives as well as sports betting solutions. Ainsworth looks forward to introducing their impressive new suite of A-Star™ cabinets into the region, further complimenting its current portfolio of stand-alone, link progressive and multi-games.
“By bringing the two companies together we can increase the diversity of offerings to our customer base through the one channel. I am looking forward to overseeing this progressive development and believe it will benefit all stakeholders”, said Robert Dijkstra.
This new distribution and after-sales service structure will enhance the service and support network for the installed machine base, provide a strong commercial structure for existing and new customers and accelerate the expansion of NOVOMATIC and Ainsworth products in the Asia-Pacific region.
20 August 2020
• AGT’s priorities are the health and wellbeing of its employees and the preservation of shareholders’
funds. The company is providing flexibility for staff to work safely and remotely.
• Customers across all AGT’s markets suspended operations from mid-March. Some reopenings of
customers’ facilities have occurred since that time, although venues have reduced CAPEX due to
visitations being well below pre pandemic levels.
• AGT implemented a series of cost saving measures to ensure the company can endure a protracted
• H2FY20 revenues impacted, $42m compared to $116m in the prior comparative period; a decline of
• FY20 underlying net loss before tax of approximately $34m, subject to audit completion and excludes
non-cash related impairment charges (LATAM one off non-cash impairment of $12m). The net loss
also excludes one off costs and Job Keeper subsidies.
• Focus on liquidity and balance sheet strength; $26.5m of cash at 30 June 2020. Debt facility with ANZ
is in the process of being restructured.
• With a reduced cost base and more flexible financing facility, AGT is positioned to benefit as
customers progressively resume more typical business levels.
Chief Executive Officer Lawrence Levy commented, “While Covid-19 hit our industry hard, we moved quickly
to protect Ainsworth. We took proactive measures to streamline our overheads and we are securing more
flexible financing arrangements to ensure we can endure a protracted downturn. AGT is now well positioned
as customers across our major markets look to recover from the effects of the pandemic”.
Subject to audit completion, AGT expects to report FY20 results as follows:
• Revenues of $149m, a decline of 36% versus the prior financial year.
• Positive adjusted EBITDA A$2.9m (excludes one-off impairment charge).
• Adjusted net loss before tax of approximately $34m – excludes one off costs including non-cash
impairment charges, Job Keeper and costs associated with the acquisition of MTD, which was
completed in March 2020.
• Included in FY20 are 67 redundancies (23 in Australia and 44 in Americas) at an annualised cost
saving of A$6.4m. In addition, 40 roles have been eliminated at a further cost saving of A$3.8m per
• Net debt of $17.5m as at 30 June 2020.
• In addition, on review of LATAM Cash Generating Unit a one-off (non-cash) impairment of A$12m is
expected at FY20.
• The FY20 final dividend has been cancelled to ensure the Company is well placed to should a
protracted downturn eventuate.
• AGT is expecting to release preliminary, unaudited FY20 results on 27 August 2020 after market close
and anticipates release of audited results in September 2020.
This delayed reporting of audited results is permitted pursuant to ASX Class Waiver Decision – Extended
Reporting and Lodgment Deadlines dated 16 June 2020 and reliance on ASIC Corporations (Extended
Reporting and Lodgment Deadlines – Listed Entities) Instrument 2020/451, which permits the extension of the
lodgment date for audited annual accounts and the other documents required to be lodged with ASIC under
section 319 of the Corporations Act 2001 (Cth), to 2 November 2020. AGT will immediately make a further
announcement to the market after the lodgment of its unaudited accounts if there is a material difference
between the unaudited accounts and the audited accounts.
Cost minimisation measures
To assist with the impact of the pandemic and restrictions established in global markets, various cost
minimisation measures were implemented in Q4.
- Executive Management voluntarily took 20% reductions in base salaries for the June quarter. This has
now been extended for the September quarter.
- Chairman waived his fees for the June quarter and has agreed to 20% reduction for the September
- Other paid directors have taken 20% reduction in fees (including sub-committee fees) for the June
quarter which has been extended for the September quarter.
- Rent concessions for Newington facility were provided. June quarter waived and 50% reduction for 6
months to 31/12/20. Other rental concessions were provided for service premises occupied.
- Stand downs were initiated across the Australian operations as well as reduced working days to 2-3
days across operational departments. In the USA, 111 employees and 15 contractors placed on
furlough with a freeze on all new hires.
Further details will be provided in FY20 results announcement.
Debt facility and liquidity
- AGT finished H1FY20 with cash balances of $42m following the repayment of borrowing during the first
half of the year.
- In H2FY20 the completion of the MTD acquisition in March required US$18m of consideration including
US$5m to be held subject to re-signing of a key contract in Montana or attaining set financial targets.
- AGT currently has a A$44m drawn debt facility with ANZ. The ANZ facility is in the process of being
amended with covenants being revised to minimum liquidity levels and quarterly sales targets. These
new conditions are intended to be in place for the remaining term of the loan, which expires in
September 2021, effectively replacing the previous covenants in place at 30 June 2020.
- The facility is expected to be reduced to A$60m with progressive reductions of A$10m in December
2020 and A$10m in each of March and April 2021.
- AGT had cash balances at 30 June 2020 of $26.5m.
A further update will be provided with the preliminary unaudited FY20 results, expected to be released to ASX
after market close on 27 August 2020.
This announcement was authorised for lodgement by the Board of Directors.
AINSWORTH AND ROAR DIGITAL LAUNCH EXCLUSIVE ONLINE SLOT GAMES WITH BETMGM, BORGATA AND PARTY CASINO BRANDS IN NEW JERSEY
LAS VEGAS, NV June 23, 2020 – Ainsworth Game Technology Limited (ASX: AGI) (“Ainsworth”) and ROAR Digital LLC, leading sports betting and gaming group, today announced that twenty exclusive Ainsworth games can now be played in New Jersey on BetMGM, Borgata and Party online casinos.
ROAR Digital’s gaming platform powers both the BetMGM and Borgata gaming brands. The sites now host a series of popular Ainsworth titles including player-favorites such as Mustang Money, Rumble Rumble, Electric Nights, Eagle Bucks and Thunder Cash. Under the terms of the agreement, ROAR Digital has a period of exclusivity to launch Ainsworth’s titles across its network.
“We are thrilled to be live across ROAR Digital’s network in New Jersey,” said Ainsworth Online General Manager Jason Lim. “Ainsworth games have been extremely popular with New Jersey land-based players for several years and we’re excited for online players to have access to our proven and high-performing content.”
Kevin Allan CTO, ROAR Digital said “This was an incredible journey and we are proud that ROAR is providing the hosting solution from our New Jersey infrastructure to enable this great partnership with Ainsworth to come to life. This blueprint can be used for other providers, both in New Jersey and other legalized online gaming states with the US.”
Matthew Sunderland, Director of Gaming for ROAR Digital said, “We are delighted to be able to launch exclusive Ainsworth online slot titles in New Jersey. We’re looking forward to giving our players some of the best and most recognized games in the industry, they will be a welcome addition to our already strong portfolio of games and are sure to be a major attraction and point of difference for our network.”
About Ainsworth Game Technology
Ainsworth Game Technology Limited (ASX:AGI) (“Ainsworth”) is a Australian publicly listed company headquartered in Newington, Sydney, Australia. Ainsworth offices are located around the world including: US and Latin America. With a fully integrated operation including design, development, assembly, testing, sales and field service; Ainsworth encompasses the entire product development cycle from conception through to installation, service and support
For more information visit: www.agtslots.com
About ROAR Digital
ROAR Digital LLC is a US sports betting and online gaming joint venture, created by MGM Resorts International (NYSE:MGM) and GVC Holdings Plc (LSE: GVC). Based in New Jersey, the venture was established in July 2018 to create a world-class sports betting and online gaming platform in the United States, in order to take advantage of the new regulated sports betting market developing in the US. Utilizing GVC’s U.S.-licensed, state-of-the-art proprietary technology platform, ROAR Digital offers sports betting and online gaming via market leading brands including BetMGM and Partypoker. The venture has exclusive access to MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. For more information visitwww.roardigital.com.
Ainsworth Media Contact:
Director of Product Marketing & Strategy
AINSWORTH GAME TECHNOLOGY ANNOUNCES A MULTI-STATE CONTENT AGREEMENT WITH GOLDEN NUGGET ONLINE CASINO, PROVIDES AWARD-WINNING OPERATOR WITH EXCLUSIVE GAMES IN NEW JERSEY
Ainsworth’s proven game content is now available on GoldenNuggetCasino.com
Las Vegas, NV — Ainsworth Game Technology (ASX: AGI) (“Ainsworth”) today announced a long-term multichannel content agreement with Golden Nugget, a leading land-based and online gaming company in New Jersey.
As part of the agreement, Ainsworth will provide Golden Nugget online casino with a series of exclusive player-favorite slot titles.
“We are very excited to be partnering with Golden Nugget to provide world-class Ainsworth slot content to online and mobile casino players,” said Ainsworth Online General Manager Jason Lim. “We believe Golden Nugget players will be instantly familiar with our games and enjoy the experience of our top titles.”
Thomas Winter, GM and SVP Online Gaming at Golden Nugget added:
“Golden Nugget prides itself on its extensive selection of online games and now with the addition of exclusive slot games from Ainsworth, we further strengthen our portfolio with their land-based pedigree content. We are thrilled to partner with Ainsworth on a multi-state agreement as we prepare for our US market expansion.”
About Ainsworth Game Technology
Ainsworth Game Technology (ASX:AGI) (“Ainsworth”) is a Australian publicly listed company headquartered in Newington, Sydney, Australia. Ainsworth offices are located around the world including: US and Latin America. With a fully integrated operation including design, development, assembly, testing, sales and field service; Ainsworth encompasses the entire product development cycle from conception through to installation, service and support
For more information visit: www.agtslots.com
About Golden Nugget Atlantic City
The Golden Nugget Atlantic City, located on Frank S. Farley Marina is a premier resort destination, offering guests more than 740 rooms and suites. The entire property went through a $150 million complete renovation 5 years ago and has taken on a fresh, modern look to include a high-energy casino featuring the most popular slot and video poker machines, table games, and poker room; nightly entertainment, new bars and lounges, Haven Nightclub, stylish retail offerings, as well as Landry’s signature world-class restaurants such as Chart House and Vic & Anthony’s Steakhouse; a luxury spa and salon; and H20 poolside lounge. The Golden Nugget has already established strong brand recognition worldwide with locations in Las Vegas and Laughlin, NV, Biloxi, MS and Lake Charles, Louisiana.
Launched in November 2013, GoldenNuggetCasino.com offers the best user experience to New Jersey online and mobile real-money gaming players. Supported by the largest selection of games for both desktop and mobile players, a user-friendly interface and a world-class Customer Service, GoldenNuggetCasino.com was voted Operator of the Year in 2015, 2016 and 2017 at the iGaming North America Awards and Operator of the Year 2017, 2018 and 2019 at the EGR North America Awards.
Ainsworth Media Contact:
LAS VEGAS (March 9, 2020) – Ainsworth Game Technology (“AGT” “Ainsworth”) announced it has purchased the assets of MTD Gaming Inc. (“MTD”).
Ainsworth plans to display MTD products in its booth at the National Indian Gaming Association Tradeshow & Convention (NIGA) on March 25-27 at the San Diego Convention Center.
MTD develops and supplies premium performing and unique Poker, Keno and video reel content for use in Multi-Game and Video Lottery Terminal (VLT) markets. MTD products are currently installed within Montana, Louisiana and more recently South Dakota. These games are highly complementary to AGT’s existing game suite.
“We are excited to join the Ainsworth team and feel that the synergies of this acquisition will be of great value to both MTD and Ainsworth customers,” said MTD President Dan Tessmer.
Ainsworth plans to offer MTD products across multiple marketing, including Nevada, California, Arizona and New Mexico.
“We are delighted to welcome MTD to Ainsworth,” said Chief Executive Officer Lawrence Levy. “The acquisition marks another positive step in transitioning AGT to growth and improved profitability. MTD’s unique Poker and Keno games are a great fit with our existing Class II and Class III offerings in the US and follows the global launch of our new A-Star cabinet hardware in February 2020. We expect to drive incremental revenues by offering these proven and highly successful games to customers in our established markets where Ainsworth operates, including California and Nevada.”
Mike Trask (702) 954-3094
LAS VEGAS (March 3, 2020) – Ainsworth Game Technology (AX: AGI) will display its brand-new A-STAR Curve cabinet at the National Indian Gaming Association Tradeshow & Convention (NIGA) on March 25-27 at the San Diego Convention Center.
The new shape of Ainsworth will be front and center in NIGA Booth #1717. The A-STAR Curve features a 43-inch floating infinity monitor, dynamic LED lighting and a state-of-the-art LCD button deck.
The new cabinet – Ainsworth’s first to launch in North America since 2017 – incorporates supreme engineering and a sleek modern design into an exciting new product for Tribal Casino partners across the country. The all new A-STAR Curve offers an elegant design that will attract players on any casino floor.
“We are incredibly excited to showcase the A-STAR Curve for the first time in front of our valued Tribal partners,” said Deron Hunsberger, Ainsworth Chief Commercial Officer. “This highly anticipated release is the result of extensive R&D efforts and brings our cabinet offerings to the next level with its modern appearance and a full suite of new game titles.”
Several games will be shown on the A-STAR, including:
Vault of Riches
One of Ainsworth’s most bonus packed titles, Vault of Riches offers the potential for a Magnifying Glass bonus on every spin. Players can also enable Free Games and Pick ‘Em features on this action filled title.
Path to Wealth
Path to Wealth gives players the chance to traverse a game board on the path to Credit Awards, Free Games, and more. The persistent-state style of game offers three-levels of Standalone Progressive Jackpots.
Mega Choice Superstar
Five classic titles are available on this MultiGame offering. Players can choose from two top performing QuickSpin titles – Super Charged 7s and Super Crystal 7s – or among the popular Ainsworth High Denom games Thunder Cash, The Enforcer and Reel Hot Fruit 7s.
This innovative title gives payers a great high volatility gambling experience. In Lucky Empress, players collect coins to unlock huge multipliers in a “spin ‘til you win” format. Add in a beautiful Asian-themed display and it has the makings of a hit.
Fortune Tree Series: Ingot Tree and Climbing Fortune
This pair of expanding pot style games gives players the chance to chase a three-level Mystery Standalone Progressive Jackpot on every spin. Each title offers a unique Free Games feature and a gorgeous Asian-themed art package.
Sliding Stacks: Diesel Dollars and March of the Zombies
This new series from Ainsworth U.S. Development Studio offers a new spin on persistent state gaming. Players who receive a full stack of Wilds on any reel keep the wilds for up to four paid spins as it moves right to left for big wins.
Elsewhere in Ainsworth’s booth, the Company will highlight a pair of new High Denom QuickSpin games – Super Charged 7s Classic and Reel Hot 7s Classic. These three-reel video slots offer five or nine-line gameplay in denominations from 25 cents and up. The two titles – first shown at G2E 2020 – will be available on both the A-STAR Curve and A640 cabinets.
In total, Ainsworth will display nearly 50 cabinets encompassing products for its Class III and Class II product lines. Other games on display will include new A640 content such as two QuickSpin titles – Afterburner 7s and Magic Wheel 7s – and Class II exclusive titles like Ultimate Festival Firestorm and Ultimate Empire Firestorm.
The A-STAR™ game portfolio includes a wide variety of core and Standalone Progressive titles, as well as an exceptional line of new Link Progressives designed with the player in mind; demonstrating the company’s commitment to the market through our vast, specially developed product range and successful long-term content.
See more here.
Company also assigns several key roles in North American Sales and Marketing
LAS VEGAS (January 9, 2020) – Ainsworth Game Technology (AX: AGI) this week announced Deron Hunsberger has been named Chief Commercial Officer. Hunsberger had been Senior Vice President of Sales and Marketing – North America since late 2017.
“I take this opportunity to congratulate Deron and wish him every success moving forward,” said Ainsworth Chief Executive Officer Lawrence Levy. “He has done tremendous work for the Company. His strong leadership and deep understanding of the current gaming market make him a perfect fit for this new role.”
Hunsberger has more than 25 years’ experience in the global gaming industry, including having held senior leadership roles at Scientific Games, WMS Gaming, Shuffle Master and Konami.
“Ainsworth has a tremendous team in place and plenty of opportunity for growth,” Hunsberger said. “I am looking forward to facing new challenges as we aim to provide strong performance for our customers across multiple markets.”
Hunsberger will continue to be based in Ainsworth’s North American headquarters in Las Vegas and will be reporting into the Chief Executive Officer. In addition to Hunsberger’s promotion, Ainsworth announced several new key roles in the North American office:
- John Archuleta has been named Director of National Accounts. He has been part of the Ainsworth sales team since 2018. Archuleta has spent more than 20-years in leadership roles at successful gaming manufacturers, including Scientific Games, Bally Technologies and Konami.
- Kimberly Fields was promoted to Director of Sales – Business Administration. Fields has been with Ainsworth for nearly six years. She has served in business administration roles in gaming companies for nearly 20 years.
- Mike Trask will serve as Director of Product Marketing and Strategy. Trask has served as Director of Marketing at Ainsworth since 2016. Previously he held marketing management positions at Scientific Games and Bally Technologies.
** Photos available upon request**
To kick-off the partnership, Lopez will visit Ainsworth booth #1259 at the Global Gaming Expo at the Sands Expo Center in Las Vegas at 2 p.m. on Tuesday, October 15.
Lopez’s multi-faceted career encompasses television, film, standup comedy, and late-night television. Lopez is also the Co-Founder and Director of The George Lopez Foundation. The mission of the foundation is to create positive, permanent change for underprivileged children, adults and military families confronting challenges in education and health, as well as increasing community awareness about kidney disease and organ donation.
Additionally, Lopez has been actively involved in Tribal Gaming through work with the National Indian Gaming Association and owns Chingon Kitchen, a restaurant with locationS in San Manuel Rockin’ Casino in California and Vee Quiva Casino in Arizona.
What: In booth appearance by George Lopez to announce a partnership with Ainsworth to develop a George Lopez-themed video slot game.
When: Tuesday, October 15, 2019; 2 pm
Where: Global Gaming Expo; Sands Expo Convention Center, 201 Sands Ave, Las Vegas, NV 89169; Ainsworth, Booth #1259
QuickSpin’s high performing titles such as Super Charged 7s, Super Lantern 8s, Super Crystal 7s and the recently released MultiPlay Super Charged 7s will take center stage alongside at least six new wheel games designed for maximum player engagement and strong casino operator return-on-investment. Additionally, Ainsworth will display more than 125 gaming cabinets to meet the needs for customer partners in Class III, Class II, Tribal Lottery System and Historical Horse Racing markets.
“G2E is the perfect time for Ainsworth to showcase the growth of our product lines, especially in the QuickSpin family,” said Ainsworth President – North America Joe Bertolone. “We will truly show how through developing QuickSpin content we are evolving the wheel and evolving Ainsworth’s core product offerings.”
Visitors to Ainsworth booth #1259 will see several new QuickSpin titles that offer innovative uses of the giant wheel on the sleek A640 portrait screen cabinet. Turbo Charged 7s offers four unique Linked Progressive jackpots with QuickSpin game play. The multi-denom configurable titles give penny players chance to chase top awards starting at $2,500, with even bigger jackpots for larger denoms up to a huge $25,000 jackpot for 10-cent players.
Super Lit Vegas adds to the QuickSpin family by offering a persistent state style of game that enables players to collect wheel spins over seven spin cycles. On the seventh spin wilds and wheel symbols are revealed for big wins.
Yet another offering – Super Charged 7s Classic -- takes QuickSpin gameplay to the High Denomination market with a five-line or nine-line game. This new title maintains a high wheel spin frequency on 25-cent and $1 denominations.
Additionally, Ainsworth will show Super Sonic 7s, a version of Super Charged 7s built for the EVO® and A600 dual screen cabinets, alongside several other versions for QuickSpin created to expand the power Ainsworth’s top performing brand.
High Denomination in Ainsworth’s DNA
Ainsworth High Denomination content has been among the top earning games in North America for several years. The development of these math models continues strong with the upcoming release of several new titles built specifically for high denom players.
Ainsworth’s booth will show how Ainsworth’s top performing content is being leveraged across platforms, as titles like Mustang Money 2, Dollar Chief, Dollar Action and Grand Dragon can now be placed on single-screen cabinets, including the A640 and A560SL Noir.
Elsewhere in the booth’s high limit area, casino operators can check out two new Symbol Driven Linked Progressive games built specifically for high denom: Kanga Riches and Fortune Ox
Ainsworth Content Library Grows
It’s not just QuickSpin. Ainsworth’s content continues to flourish with dozens of new titles across single and dual screen cabinets. In fact, several of Ainsworth’s new offerings can be placed on both the A640 and EVO cabinets to ensure customers have access to a wide array of the Company‘s best titles.
New brands like Ultimate Upgrade, a persistent state game with five play mechanics and Electric Cash, a Hold and Spin game with a Linked Progressive jackpot, can be placed on multiple styles of Ainsworth cabinest.
The A640, Ainsworth top selling box, offers a 40-inch high-definition LCD game screen, touchscreen LCD button deck and 27-inch LCD topper. In addition to the wealth of QuickSpin content, new titles debuting on the A640 include Reel Force, a series of time-on-device style games with a Cascading Reels feature, and Galaga™, part of Ainsworth’s partnership with BANDAI NAMCO Entertainment Inc.
Central Determination Gaming Flourishing
The past two years has brought continued success to Ainsworth in Central Determination Gaming markets, including expanding in Class II jurisdictions across the U.S., growth in Washington State markets and the successful implementation of Historical Horse Racing games.
Both the A640 and EVO cabinets featured at G2E will showcase plenty of fresh new content, including market exclusive QuickSpin games. At the show, Ainsworth engineers and product managers will be available to discuss in depth the unique systems to run Central Determination Gaming.
Lawrence Levy was appointed Chief Executive Officer of Ainsworth Game Technology Limited on 1 July, 2019 subject to necessary regulatory approvals.
Prior to this appointment, Mr. Levy has held senior positions within the gaming industry over a successful career spanning 37 years. His industry experience comprises of all areas in casino operations, sales and management; living and working in 19 countries across Europe, North and East Africa, Latin America, ex-Russian states and now Australia. Most recently, he held the position of Vice President Global Sales for Novomatic AG Austria.
Commenting on his appointment, Ainsworth CEO, Mr. Lawrence Levy said “I am both delighted and motivated to be given the opportunity to guide Ainsworth, a world-renowned provider of gaming technology, into its next phase of development. The legacy that Len Ainsworth and Danny Gladstone built is a great platform for me to start from. I am confident that my years in this industry, both as operator and supplier, will serve to support the innovations and developments needed to further grow our market share worldwide.”
Further noting, Mr. Danny Gladstone, outgoing CEO, will remain on the board at AGT as a Non-Executive Director and will commence this new role from 1 July 2019. Ainsworth look forward to continuing to utilize Danny’s vast industry experience and strong customer relationships as a Non-Executive director. Danny will also assist with the orderly transition of the new CEO.
Ainsworth Chairman, Mr. Graeme Campbell, added: “We are pleased to welcome Lawrence to his new role as CEO. Under his leadership we look forward to Ainsworth strengthening its position as a major provider of innovative gaming technology to the global market.”
Mr. Campbell further noted: “On the behalf of Ainsworth, the Board and shareholders, we would like to acknowledge and thank Danny for his ongoing contributions to Ainsworth. Danny’s strategies to build our presence in the Americas, grow our recurring revenues, invest in innovation, and forge a strategic partnership with Novomatic have strengthened AGT and have built the foundations for future growth.”
As everyone knows, in early 2018, Novomatic AG and Len Ainsworth closed the transaction resulting in the transfer and ownership of Mr. Ainsworth’s shares, representing 52% of the publicly available shares, to Novomatic AG. As a result of the transaction, Novomatic AG became a majority shareholder of Ainsworth and also gained a seat on Ainsworth’s Board of Directors. Ainsworth Game Technology will continue to run its global business as a stand-alone, public company. The companies enjoy an arm’s length, synergistic relationship in compliance with Australian Stock Exchange stipulations and limitations with regard to any potential additional share ownership and investment in the future. Additionally, as parts of the transaction arrangement, there will be additional collaboration, including an ongoing effort by both companies to identify cost side savings as they relate to common suppliers, Novomatic AG acting as the European distributor for Ainsworth product and the companies’ share of content and operating synergies between Greentube and Ainsworth Online businesses, among others. This arrangement benefits both companies.
2. You’ve just announced your plans for retirement and are stepping down in mid-2019. What does the future hold for Ainsworth’s CEO position?
Yes, I have announced that I am stepping down as CEO. But I am not retiring and will be with Ainsworth in a yet to be defined role and I will continue to serve on the Board. I’ve been in the CEO chair for 11 years and have seen tremendous growth and change to the company. We’ve brought Ainsworth to the Americas region in a meaningful way, opened a state-of-the-art Americas operational headquarters, expanded our Latin American businesses and continued to mature our product offerings and company and now is the right time. In fact, while this tends to be rare in the gaming industry, Ainsworth is actually engaging in proper succession planning. This announcement reflects our commitment to visibility for our shareholders and our reporting requirements as a public company. It’s also important to note that our Americas leadership team remains intact and focused on continued growth in the region to match our commitment to deliver shareholder value as a global gaming company. Most importantly, during the search for our new CEO, there will be no impact on the day-to-day operations of the company. This is the primary reason for this measured approach as we maintain consistency and stability as we look to fill my position.
3. Recently, Ainsworth completed the single largest installation of its historical horse racing solution in a partnership with Churchill Downs. What is your vision for the future of the historical horse racing segment?
Our partnership with Churchill Downs was to develop and deliver historical horse racing terminals and system for its entry into the historical horse racing market in Kentucky. Our initial shipment of 900 terminals was delivered to Churchill Downs’ brand-new Derby City Gaming facility in Louisville. This was a seminal project for our company, as we created this product in close collaboration with Churchill Downs and gave us a great chance to flex our development muscle. The project clearly demonstrates Ainsworth’s unique capability of being large enough to deliver on a project like Derby City, but nimble enough to react to our partners’ bespoke product needs. This is also a huge opportunity to leverage opportunities in the emerging historical horse racing market as jurisdictions potentially pursue these types of implementations.
4. What new markets do you see providing additional growth for Ainsworth?
Historical horse racing can certainly be one of those areas. We also believe that our Class II offerings can continue to be significant contributor for the company in the future. In the past year, we have entered several new Class II markets for the first time and are excited about growing that recurring revenue footprint. Late last year, we also entered the Washington State ESTS market where we are focused with new products and staff. We’re pursuing many opportunities in the Canadian market, as well. And without a doubt, we are always on the lookout for possible acquisitions and niche markets where we can use our strong balance sheet and financial stability to increase the bottom line.
Churchill Downs Incorporated (NASDAQ:CHDN) ("CDI") opened the 85,000-square-foot facility last week. Every historical horse racing terminal at the facility has been developed and manufactured by Ainsworth.
The historical horse racing games can be played Ainsworth’s entire range of cabinets, including the A640, A600, A600 Slant Top, A560, A560SL Noir and Wide Boy. The titles and platforms have been specifically engineered for historical horse racing, certified by an independent testing lab and approved by the Kentucky Horse Racing Commission.
“Ainsworth has done a tremendous job at providing innovative pari-mutuel historical horse racing products that will be enjoyed by the guests at our new facility,” said CDI CEO Bill Carstanjen. “We believe these machines will generate significant revenue for Kentucky purses and go a long way to strengthen the Commonwealth’s racing circuit.”
Derby City Gaming is now open at 4520 Poplar Level Road—Churchill Downs' former Trackside.
In addition to the historical horse racing devices, the world-class property includes food venues, a bar with seating and televisions, a parking area and a player’s club reward center offering special perks and benefits.
“This is truly a historic moment for Ainsworth and we are extremely proud our relationship with CDI,” said Ainsworth CEO Danny Gladstone. “These historical horse racing machines showcase Ainsworth’s commitment to both innovation and customer service. We are looking forward to continuing to work with CDI on a daily basis to ensure strong product performance and a great return-on-investment.”
Photo: Download high res image here: https://we.tl/sSvPyrJJs8
When Susana Gimenez’s voice cheered “Siiiiiiiiiiiiiiiiiiii, you won!" over the game speakers announcing the jackpot, the player said he wasn’t sure what had happened until he was applauded and congratulated by other players in the casino.
The Gana con Susana progressive launched June 7 with a personal appearance by mega television star Susana Gimenez at City Center Rosario.
The progressive has a configurable starting jackpot of 300,000 pesos up to a maximum of 450,000 pesos. This sum creates even more excitement in the casino by adding a jackpot progressive on top of each player's favorite slot games.
Aristocrat’s ONE LINK Mystery Progressive Jackpot is a customizable program that offers a wide area or single site progressive jackpot. The solution is fully integrated into Aristocrat’s media system to create visual appeal and leverages the bonusing pool capability across the enterprise.
The progressive technology allows the operator to select any Aristocrat Game Sale product to run on the link, including newest game themes as well as proven player favorites.
For more information about ONE LINK or any of Aristocrat’s industry-leading solutions, contact your Aristocrat representative or visit www.aristocrat-us.com. Join Aristocrat on Facebook, LinkedIn, and Twitter.
Ainsworth Game Technology Welcomes Industry Veteran Joseph Bertolone as New President – North America
Mr. Bertolone is based in Ainsworth North American headquarters in Las Vegas. He has assumed responsibility for the company’s North American operations, reporting to Ainsworth Chief Executive Officer Danny Gladstone.
Mr. Bertolone most recently served as President and CEO of DEQ Systems Corp., a TSX Venture Exchange listed corporation. Previously, he has also held several key senior executive positions for gaming suppliers, operators and regulatory organizations in the global gaming industry.
“I look forward to working closely with Ainsworth’s North American and Australian teams to build upon the strong foundation established across the U.S. and Canada,” said Mr. Bertolone. “Ainsworth has some tremendous positive momentum and I look forward to continuing to grow and prosper, while ensuring we provide top-notch products and service to our customer partners.”
Mr. Gladstone said: “We are delighted to have Joseph lead Ainsworth’s North American business. He has proven understanding of product led growth and a successful track record of delivering strong returns for shareholders. Joseph will continue to execute Ainsworth’s growth strategy in North America by leveraging our technology capabilities and distribution footprint to drive profitable growth and recurring earnings.”
LAS VEGAS (April 2, 2018) – Ainsworth Game Technology (“Ainsworth”) announced today that John Archuleta has been appointed Regional Director of Sales.
Archuleta has spent more than 20-years in leadership roles at successful gaming manufacturers, including Scientific Games, Bally Technologies and Konami. Most recently, he served as Director of Sales at SuzoHapp.
“We are excited to add John to our team of experienced sales professionals,” said Ainsworth Vice President of Sales and Marketing – North America Deron Hunsberger. “John brings a wealth of sales and leadership experience that I believe will enable Ainsworth to better serve our valuable customer partners.”
Archuleta will be based in Ainsworth’s North American headquarters in Las Vegas. He will be responsible for strategic sales plans, cultivating customer relationships, identifying new opportunities and managing the existing Ainsworth sales team.
“It’s an exciting time to join Ainsworth,” said Archuleta. “The Company has flourished in North America with some great products and talented people. I am excited to be part of the continued growth.”
Ainsworth Game Technology and Churchill Downs Incorporated Announce Long-Term Agreement for Ainsworth to Develop Historical Racing Machines for New Facility in Kentucky
LOUISVILLE, Ky. (February 12, 2018) Churchill Downs Incorporated (NASDAQ:CHDN) (“CDI”) and Ainsworth Game Technology (ASX:AGI) (“Ainsworth”) today announced a long-term agreement in which Ainsworth will develop historical racing machines for CDI.
CDI previously announced the investment of approximately $60 million in construction and technology costs to build an 85,000-square foot historical racing machine facility, Derby City Gaming, located in Louisville at 4520 Poplar Level Road, formerly known as Trackside.
Upon receipt of regulatory approval for the newly developed historical racing machines, the Derby City Gaming facility will feature historical racing games on Ainsworth’s entire range of cabinets, including: A640, A600, A600 Slant Top, A560, A560SL Noir and Wide Boy. The titles and platforms have been specifically engineered for historical racing, and will be verified by an independent testing lab and approved by the Kentucky Racing Commission prior to becoming operational.
“Ainsworth has done tremendous work to deliver a modern and exciting pari-mutuel product,” Churchill Downs Racetrack President Kevin Flanery said. “We are eager to install the Ainsworth historical racing machines in our Derby City Gaming facility because we know they will generate significant revenue for Kentucky purses and go a long way to strengthen the Commonwealth’s racing circuit.”
Derby City Gaming is expected to open in the Fall of 2018. In addition to the more than 600 historical racing machines, the facility will include quick service food venues, a feature bar, a player’s club reward center and parking area for VIP guests.
“Ainsworth’s relationship with CDI is reflective of an exciting time in our company,” said Ainsworth CEO Danny Gladstone. “Working on this project with Churchill Downs, a leader in the racing and entertainment business, created an opportunity for us to develop an innovative pari-mutuel product and provide customers with a first class wagering experience.”
LAS VEGAS (January 26, 2018) – Ainsworth Game Technology (“Ainsworth”) announced today that the Company has begun its search for a successor to President – North America Mike Dreitzer, who announced his resignation earlier this month to pursue another opportunity.
“We look forward to naming a new president to continue to grow our North American operations and successfully execute our strategy,” said Ainsworth Chief Executive Officer Danny Gladstone. “Under Mike’s leadership, Ainsworth’s North American operations have grown to more than $80 million in revenue. Mike was instrumental in entering the Class II market following the successful acquisition of Nova Technologies and opening a state-of-the-art North American headquarters in Las Vegas.”
Gladstone added: “It will remain business as usual for all aspects of our North American operations. We have a highly capable North American team that includes several executive leaders who have been integral to our recent successes.”
Dreitzer, who has spent nearly five years at the helm of Ainsworth’s North American business, will remain in the role until Feb. 16.
“It has truly been an honor to spend almost the last five years of my career helping to build the talented and dedicated Ainsworth team,” Dreitzer said. “I have no doubt Ainsworth will continue to grow and flourish with a strong product roadmap, commitment to world-class service and passion for working every day to meet the needs of its customers. That’s the culture we have created here. I am very proud of what we have accomplished.”
The Company has made several key announcements as it enters 2018.
In late 2017, Ainsworth announced the largest single North American game installation in Company history. The 270 games are now live at the newly opened Four Winds Casino Resort in South Bend, Ind.Also, in late 2017, Ainsworth completed the installation of its first custom Wide Area Progressive (WAP) jackpot at Seminole Gaming properties throughout South Florida. The Dream Hit Jackpot is available on 60 Ainsworth games across five Seminole Gaming casinos.
In December, Ainsworth completed the first installation of its patent-pending AnyBet Progressive on 80 new A600, A600 Slant Top and A560SL Noir gaming cabinets at Jena Choctaw Pines Casino in Dry Prong, La. The unique AnyBet Progressive link, which enables players to win life-enhancing jackpots at any bet level, expands on the Company’s recent success in Class II markets.
Ainsworth announced earlier this year that Austrian gaming supplier Novomatic AG acquired a 52 percent stake in the Company after receiving all necessary regulatory approvals.
“We enter 2018 in a very strong position for continued success,” said Gladstone. “Our team and our products are poised for a great performance. With the backing of Novomatic, our majority shareholder, the Ainsworth brand will going remain strong in North America.”
Ainsworth Game Technology Names Deron Hunsberger Senior Vice President of Sales and Marketing – North America
Mr. Hunsberger has more than 25 years’ experience in the global gaming industry, including having held senior leadership roles at WMS Gaming, Shuffle Master and Aristocrat. Most recently he served as Senior Vice President of Sales – Americas for Scientific Games.
“We are very excited to have Deron joining the Ainsworth team,” said Ainsworth President – North America Mike Dreitzer. “He brings a strategic mindset, great relationships and a history of strong leadership to the Company. As we enter 2018, we have a great deal of momentum across North American and Deron’s energy and professionalism position us to capitalize on that momentum.”
Mr. Hunsberger will be based in Ainsworth’s North American headquarters in Las Vegas. He will be responsible for leading all aspects of the Company’s sales, marketing and service efforts.
“It’s an honor to join Ainsworth,” said Mr. Hunsberger. “There is a passionate team in place and a great deal of exciting products on the horizon. We have a great opportunity for tremendous success in the coming years.”
Director of Marketing
The PPGs will be available for each individual cabinet, enabling customer partners to have complete access to Ainsworth’s library of games. The one-time fee of $3,500 covers all software conversions for four years, encompassing both previously released and future games.
Additionally, operators can opt for a monthly subscription-based model for PPGs for only $69.95 per month with a 12-month minimum.
Both options give casino operators total access to update A600 and A640 cabinets with the top-performing Ainsworth games on an ongoing basis.
“It the past 18 months, Ainsworth has created two US-based development studios to compliment the amazing work being done out of Ainsworth main development center in Australia,” said Ainsworth Senior Vice President of Sales and Marketing – North America Kelcey Allison. “We want to ensure our partners have complete access to all of the new, exciting and high-performing games being created by Ainsworth around the world. This new model enables us to ensure casino operators can get the best we have to offer at all times.”
First North American WAP in Company History Now Live
LAS VEGAS (September 20, 2017) – Ainsworth Game Technology today announced it has installed a custom Wide Area Progressive (WAP) jackpot at Seminole Gaming properties throughout South Florida. It marks the first WAP in Ainsworth’s North American history.
The Dream Hit WAP – which starts at $350,000 and must hit by $500,000 -- will be available on 60 Ainsworth games across three Seminole Gaming casinos and two Hard Rock casinos. Dream Hit will be available to players at the Seminole Hard Rock Hotel & Casino Hollywood, Seminole Hard Rock Hotel & Casino Tampa, Seminole Casino Hotel Immokalee, Seminole Casino Coconut Creek, and Seminole Casino Hollywood.
Seminole Gaming Vice President of Gaming Operations Juan Martinez said: “We’ve had many great successes with Ainsworth’s traditional local progressive set-ups allowing us to create and manage some unique and custom configurations. We are excited about carrying that technology forward for our in-house multisite (WAP).”
The Dream Hit WAP is made possible by Ainsworth’s new A-Link Controller. The new controller enables Ainsworth to create symbol-driven and mystery wide area progressives to fit any size gaming operation. Additionally, Ainsworth provides custom graphics for each installation.
“I’d like to thank the leadership of Seminole Gaming for the continued successful partnership between our organizations,” said Ainsworth President – North America Mike Dreitzer. “We are excited to – for the first time – be offering players life-changing jackpots of up to $500,000. The A-Link controller, when combined with our customized WAP offering, enables Ainsworth to continue to grow our base in North America.”
LAS VEGAS (July 10, 2017) – Ainsworth Game Technology today announced that Tulalip Resorts Casino has agreed to serve as its sponsor for required central determination gaming system testing with the State of Washington.
Testing will take place on Ainsworth A600 cabinets featuring three of the Company’s most successful games -- Twice the Diamonds; Mustang Fortune; and Cash Cave. In addition to the A600, Ainsworth plans to offer the A560SL Noir cabinet to Washington casino operators.
“I’d like to thank to leadership of Tulalip Resorts Casino for offering us the opportunity to test our new central determination product,” said Ainsworth President – North America Mike Dreitzer. “We are excited to begin this process and to soon offer our unique and industry-leading titles to casino operators in Washington State.”
LAS VEGAS—The Las Vegas debut of the new PAC-MAN™ WILD EDITION video slot will take place at eight Boyd Gaming properties across Southern Nevada, including The Orleans, Gold Coast, Cannery and more. The machines will be rolled out to properties and available to play by June 1.
The iconic PAC-MAN character is one of the most recognizable figures in video game history and was the basis for the most successful arcade game of all time. Now, PAC-MAN will arrive on casino floors this month as the star of PAC-MAN WILD EDITION, a new game from Ainsworth Game Technologies.
Boyd Gaming properties will be the first in southern Nevada to offer the game, including The Orleans Hotel and Casino, Gold Coast Hotel and Casino, Suncoast Hotel and Casino, Sam’s Town Hotel and Casino in Las Vegas; the Cannery Casino Hotel in North Las Vegas; and Fremont Hotel and Casino, California Hotel and Casino, and Main Street Station Casino Hotel Brewery in Downtown Las Vegas.
“Our customers expect the latest, hottest slot titles at our properties, and we’re excited to be able to offer Las Vegas locals and visitors alike the first opportunity to play PAC-MAN WILD EDITION,” said Matt Ryan, Senior Vice President and Chief Marketing Officer of Boyd Gaming.
The title provides all the recognizable PAC-MAN sounds and imagery loved by people around the globe. PAC-MAN WILD EDITION is the first offering as part of a strategic partnership between Ainsworth and BANDAI NAMCO Entertainment Inc.
“This is the biggest brand we have ever offered at Ainsworth,” said Ainsworth President – North America Mike Dreitzer. “The game looks amazing and it’s packed with bonuses that will attract both slot fanatics and PAC-MAN fans. We are thrilled to introduce the product at Boyd Gaming’s amazing properties.”
PAC-MAN WILD EDITION offers players all the excitement of the classic arcade game. The game features a thrilling Free Games feature, a Wheel Spin feature and a progressive jackpot. PAC-MAN appears throughout the game, offering players wilds and other fun ways to win.
For more information on Boyd Gaming properties, please visit www.BoydGaming.com.