Australian slot manufacturer Ainsworth Game Technology Ltd. increased its profit forecast for the fiscal year ended June 30, projecting A$39 million (US$28.97 million) in pre-tax profit. The company had previously forecast A$36 million.
According to a report in GGRAsia, in the company’s latest earnings guidance to the Australian Securities Exchange last week, Ainsworth said it was on target to register a before-tax profit of A$22.8 million in its financial second half, having previously indicated a target of about A$20 million.
Ainsworth said its previous guidance took into account the completion of an order for 900 machines by Churchill Downs Inc. Churchill Downs is developing a “racing machine facility” dominated by Ainsworth products, near it famed Kentucky racetrack.
In its guidance to the stock exchange in May, Ainsworth said domestic sales prospects for second half of this financial year would be “adversely affected by a range of factors, including competitive activity, regulatory approval delays in product submissions and further product development changes which have deferred the approval and release of previously scheduled key game titles until first half financial year 2019.”
The company recorded a before-tax profit of A$57.4 million in the financial year ended June 2017. Its next results are due for release on August 29. The Australian financial year ends on June 30.
