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Ainsworth Full Year Results

Wednesday August 27,2014 :  AINSWORTH TURNS IN STRONG FULL YEAR RESULTS
 
Advances in online and social sectors
 
Australian gaming firm Ainsworth Game Technology Ltd delivered strong full year results to June 30, 2014, reporting an 18 percent increase in profit after tax to A$61.6 million.
 
The Group achieved its fifth consecutive year of double digit revenue growth with sales revenue amounting to A$244.1 million, a 23 percent increase over 2013.
 
Other key performance indicators include:
 
-     Domestic revenue accounted for 59 percent of total revenue and amounted to A$143.3 million (FY2013: 63 percent and $124.4 million).
 
-     International revenue for the period was A$100.8 million (41 percent of total revenue), an increase of 37 percent compared to $73.7 million in the prior correspondingg period.
 
-     The Americas recorded an increase of 44 percent. North America contributed revenues of A$ 58.5 million, a 36 percent increase.
 
-     Asia, New Zealand and Europe contributed $10.4 million in revenue, a slight decrease of 6 percent compared to 2013.
 
The company said it had made significant headway within the real money online gaming segment and had secured distribution of its content via the GameConnect Remote Gaming Server in both Europe and North America.
 
Further advances in the social casino sector were achieved following an agreement with casino application provider 616 Digital LLC who will initially distribute 15 Ainsworth's slot titles. Subject to specific performance hurdles, an option is in place to acquire 100 percent of the 616 business at a future date.
 
"It is expected that both initiatives will be launched and operational towards the end of calendar year 2014.
This strategic investment in current social platform technology will provide further opportunities to provide AGT’s recognised brands to a greater number of users through social and mobile channels,” commented Chief Executive Officer, Danny Gladstone.
 
The Board had declared a final dividend based on the results of $0.05 per ordinary share, resulting in full year dividends of $0.10 per ordinary share.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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