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Ainsworth Game Technology Launching Social Casino
Thursday November 20,2014 : AINSWORTH GAMING EYES ONLINE SOCIAL CASINO SECTOR
Players Paradise social casino due to launch in January, with another to follow.
Ainsworth Game Technology, an Australian gambling equipment and games supplier, is to enter the online social casino sector with two offerings, the first scheduled to launch early next year, titled Players Paradise.
Revealing his company's intentions this week, Ainsworth CEO Danny Gladstone said that earlier this year Ainsworth had partnered with digital platform provider 616 Digital in a joint venture to enter the social casino sector.
Paradise Player will offer social punters the best in both desktop and mobile gambling technology, he said.
Earlier, Ainsworth Game Technology warned shareholders that profits would be lower in the first half of the financial year. The warning triggered a slide of 12 percent in the company's shares, compounding a decline of some 40 percent over the past year for the A$876-million company.
"Domestic revenue for the first half of 2014-15 is expected to be similar to the second half of 2013-14 and down approximately 30 percent compared to the previous corresponding period," Gladstone told shareholders.
Analysts said they expected first-half net profit, excluding one-off items, to dip 12 percent to A$31.3 million. The full-year revenue was forecast to rise 12 percent to A$277 million, analysts predicted, noting that the company hopes to launch a series of new games to boost income, including offerings based on famous movies such as The Sound of Music and Showgirls.
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Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
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New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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