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Ainsworth Looking To Resume Dividend Payments By 2024

Posted on May 24, 2023 | 6:05 am

Ainsworth Game Technology, the Australian manufacturer of casino gaming equipment, has announced that it is looking to resume paying dividends to its shareholders in 2024.

Danny Gladstone, the Chairman of the company, has made the respective announcement during the 2023 Annual General meeting, explaining that the business will continue to stabilize its operations following the difficulties incurred during the Covid-19 pandemic.

The Chairman also defended the decision to suspend dividend payments, pointing out that the company has fully focused its resources on returning to full capacity as soon as possible. That return will most likely happen in 2023, so dividend payments should be resumed in 2024.

“With the current economic uncertainties combined with supply chain challenges, an increased level of working capital, primarily inventory levels, were considered necessary to ensure continuity in production to fulfill expected sales volumes in calendar year 2023,” Danny Gladstone said.

However, the Chairman underlined that the priority of the company remains “to maintain a strong balance sheet” and also have enough funds to finance its growth strategies and investments in new products. Gladstone also announced that the company has “recruited new talent” and that is expected to “lift the competitiveness” of the products.

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Two New Studios in North America

Harald Neumann, the Chief Executive Officer of Ainsworth Game Technology also made an important announcement for the future of the company: two new studios will be opened in North America, which will work alongside the existing studios in Las Vegas and Sydney.

“These new studios are led by industry veterans with significant experience and are expected to provide more creativity and diversity to our current product offerings,” Harald Neumann added. The CEO also said that the company’s casino games have already improved, but work will continue in order to create “a more diverse and targeted range of product offerings.”

The Australian company’s Chief Executive Officer admitted that Ainsworth had under-performed in key markets over the past few years, and that is why it has invested heavily in the research and development sector.

These announcements come after Ainsworth registered a strong revenue increase in the first half of the 2022-2023 fiscal year. Moreover, the Australian company expects to have a profit before tax of 20 million dollars for the first months of 2023.


“Ainsworth looking to resume dividend payments post-2023“,, May 22, 2023.

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