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Business
March 12, 2024
Ainsworth Shareholder Accuses CEO of Devaluating the Company’s Shares
Ainsworth Game Technology’s leadership has been accused of talking down the value of the stock, the Australian Financial Review reported. Shareholders believe that this devaluation, which comes amid the company’s strategic review, might be related to the rumored takeover by Novomatic. For reference, Macquarie was hired to conduct Ainsworth’s strategic review in 2023. The news […]
Business
November 15, 2023
Ainsworth Explores Opportunities, Mulls over Going Private
Ainsworth Game Technology, a leading Australian casino machine manufacturer, might exit the Australia Stock Exchange amid considerations of strategic alternatives. This announcement comes almost a year after the supplier restarted paying dividends to its shareholders. As announced, the supplier is in the process of exploring opportunities and eyeing a return to being a private company. […]
Business
March 23, 2023
Ainsworth Game Technology Appoints Haig Asenbauer as Non-Executive Director
Haig Asenbauer, who is a lawyer by profession and works as a partner at Asenbauer Rechtsanwaelte GmbH in Vienna, Austria, is also present with Novomatic AG, where he serves as deputy chair. Asenbauer Brings Value and Expertise to Ainsworth at Time of Growth Novomatic currently owns 52% of Ainsworth’s stock, which it acquired back in […]
Business
November 30, 2022
Ainsworth Game Tech to Restart Paying Dividends to Shareholders
Ainsworth Game Technology, one of Australia’s leading slot machine suppliers, has announced plans to self-fund its global expansion in the coming years, with a strong focus on 2023. The news was announced during the Annual General Meeting that took place last week and was headed by chairman Danny Gladstone. Ainsworth Building Up Cash Reserves to […]
Industry
October 3, 2022
Ainsworth Names Lynn Mah as CFO, Replacing Ludski
Ainsworth Game Technology, a leading gaming solutions supplier, has strengthened its financial team with the promotion of Lynn Mah. The latter will serve the renowned provider as its new chief financial officer. Mah to Replace Ludski as CFO Lynn Mah’s tenure at Ainsworth will officially begin at the beginning of the next year. Starting January […]
Business
December 2, 2021
GAN Launches Ainsworth Products at TwinSpires through SuperRGS
GAN Limited has revealed that it has completed the Ainsworth Game Technology Limited online gaming content to Churchill Downs Incorporated’s TwinSpires, through its dedicated SuperRGS aggregation platform. GAN follows up on an earlier agreement with Ainsworth to obtain exclusive online rights over the latter’s online games. GAN’s acquisition of Ainsworth was motivated by the former’s desire to expand in the US […]
Business
September 8, 2021
Lawrence Levy Resigns as Ainsworth’s CEO, Harald Neumann Steps In
Ainsworth Game Technology Ltd, the slot machine manufacturer based in Australia, has just announced that Lawrence Levy, its chief executive, will step down from his role. The decision is effective on Friday, September 10, and Harald Neumann will take over in October. Levy has served as the CEO of Ainsworth since July 2019. Harald Neumann […]
Business
August 26, 2021
Ainsworth Game Technology Posted Solid Performance in FY2021
Global gaming products manufacturer Ainsworth Game Technology (AGT) released today its audited earnings report for the fiscal year 2021, ended June 30, 2021, showing a pre-tax loss of AU$59.2 million ($43.2 million). Ainsworth Takes A Loss More than 70% of the reported loss, AU$41.7 million ($30.4 million), was due to one-off non-cash impairment cost of […]
Industry
May 18, 2021
GAN Has Acquired Ainsworth in Pursuit of US Expansion
GAN, leading gaming, and sports betting provider, has acquired Ainsworth Game Technology Limited, gaining exclusive rights over its portfolio, in pursuit of expansion in the US. GAN Has Exclusive Rights of Ainsworth’s 70 Unique Games GAN Limited, a leading gaming and sports betting provider, has announced that it has reached an agreement with Ainsworth Game […]
Casino
October 21, 2020
Ainsworth Launches Slots with Rush Street Interactive in New Jersey
A fresh content partnership between Ainsworth and Rush Street Interactive will see Ainsworth bring its portfolio of acclaimed slot titles to New Jersey again with RSI’s PlaySugarHouse.com Casino. Ainsworth’s achievements for 2020 Australian gaming supplier Ainsworth has signed a fresh content partnership with iGaming and betting operator Rush Street Interactive in New Jersey. The partnership […]