Ainsworth Game Technology has engaged Macquarie Capital as its financial advisor in order to explore potential options that might boost shareholder value.
The choice was made in the face of the business’s recent market setbacks. Although it’s early in the process, Ainsworth has not yet heard from any interested parties. There is no certainty of a transaction, but the strategic evaluation will look at a broad range of potential organic and inorganic choices.
Ainsworth’s product strategy and continuous R&D investments are intended to achieve long-term growth.
According to Ainsworth’s latest financial filings, revenues increased significantly year over year for the six months that ended on June 30, 2023, even while profitability were restrained due in part to a write-down on investments made in Argentina.
The company said that the Australian domestic market was still challenging. Ainsworth is concentrating on updating its technology and improving game performance, according to CEO Harald Neumann.
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Original story by: IAG
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