Ainsworth Announce Results & Redundancies

Ainsworth Game Technology the Australian based slot machine maker has reported unaudited results for the year of a loss of $24.4 million for the year ending June 30.

The company said that the damage the COVID-19 pandemic had on the industry was particularly hard and Ainsworth suffered quite badly. It was also confirmed that Ainsworth would be making some 67 redundancies with 23 in Australia and 44 in America.

A subsidiary of Novomatic Ainsworth CEO Lawrence Levy said on the recent set of results: “While Covid-19 hit our industry hard, we moved quickly to protect AGT. We took proactive measure to streamlining our overheads and we are securing more flexible financing arrangements to ensure that 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.”